Using a sample of 1,619 commercial banks from 82 countries we investigate the impact of financial consumer protection policies on bank profit efficiency estimated with a production frontier function. Our results show that more regulatory requirements decrease bank profit efficiency. We confirm...

In this study we examine the validity of the earnings - book value capitalization (EBVC) model in the European banking sector. We perform cross section tests using a sample of credit institutions from 21 European Union countries. Moreover, we split our sample into code law and common law...

Banks can differ markedly in their sources of income. Some focus on business lending, some on household lending, and some on fee-earning activities. Increasingly, however, most banks are diversifying into fee-earning activities. Such diversification is either justified (by the bank) or welcomed...

The paper examines the relationship between the UK companies' first day returns from Initial Public Offerings (IPO) that took place on London Stock Exchange during the period January 1997 - May 2002 and the media exposure they received prior to their listing. Our results indicate that there is a...

The paper examines the relationship between the UK companies' first day returns from IPOs (Initial Public Offerings) that took place on London Stock Exchange during the period January 1997 - May 2002 and the media exposure they received prior to their listing. Also, it takes into consideration...

Banking markets across the world are evolving rapidly, under the impact of financial innovation, globalization, and information technology. Within Europe these changes are especially fast and far-reaching, accelerated by both the completion of the single market in financial services and the...

The aim of this study is to examine the profitability behaviour of bank-specific, industry-related and macroeconomic determinants, using an unbalanced panel dataset of South Eastern European (SEE) credit institutions over the period 1998-2002. The estimation results indicate that, with the...