The goal of the current study is to investigate changes in the way firms are financed and financial resources are allocated based on the characteristics of firms before and after the crisis. Using data on short-term and long-term loans of around 29,000 Greek firms in 7 sectors for the period...

Purpose - The aim of this study is to investigate profit efficiency in the banking industries of 11 Central and Eastern European (CEE) countries for the period 1998-2005. Design/methodology/approach -The authors employ a directional technology distance function approach to measure profit...

This paper investigates the speed of adjustment of cost efficiency to equilibrium level in the European banking industry. Our analysis provides for the first time insights into the process of convergence across European banking markets as measured by the speed of adjustment of cost efficiency....

Purpose: Common Agriculture Police in the EU, direct payments, solvency and income Design/methodology/approach: We employ agriculture data for all twenty-eight EU Member States. The data comes from the public Farm Accountancy Data Network (FADN) of the EU. In terms of methodology we employ...

This paper examines the underlying dynamics of selected euro-area sovereign bonds by employing a factor-augmenting vector autoregressive (FAVAR) model for the first time in the literature. This methodology allows for identifying the underlying transmission mechanisms of several factors; in...