directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state …-owned savings banks. Contemporaneously, banks in both markets engaged heavily in mergers and acquisitions. We analyze how these … activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change …

This paper examines the ramification of government capital injections into financially distressed banks during the 1997 … struggling "zombie" firms. The empirical results suggest that banks, post-injection, increased lending to both high …

This paper examines the ramification of government capital injections into financially distressed banks during the 1997 … struggling "zombie" firms. The empirical results suggest that banks, post-injection, increased lending to both high …

, primarily by community banks. The survey evidence suggests that the use of credit scores in small business lending by community … banks is surprisingly widespread. Moreover, the scores employed tend to be the consumer credit scores of the small business …

acquiring banks value profitable, high-growth, and low-risk targets. We also find that the strength of bank regulation and … regimes and stronger deposit insurance schemes lower the takeover premiums paid by acquiring banks. This result, presumably in …

home country prudential supervisors and deposit insurance funding systems were stricter than the target's. For target banks …

The big Chinese state-owned banks came as winners out of the global financial crisis. According to the Banker ranking …, Chinese banks led the global banking profitability ranking through the years from 2008 to 2010 and contributed one fifth of …. However, the low efficiency in Chinese banks is still persistent, as evident in many empirical studies (e.g. Feyzioglu, (2009 …

This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to … by low-capital banks to improve regulatory ratios. At the portfolio level, the difference in borrower probability of … credits. In addition, we find that low-capital banks' risk estimates have less explanatory power than those of high …

evidence on Swiss banks to assess both benefits and costs. The analysis yields two main conclusions. The long-run economic …