Fiordelisi, Franco; Marques-Ibanez, David; Molyneux, Phil - In: Journal of Banking & Finance 35 (2011) 5, pp. 1315-1326
We assess the inter-temporal relationship between bank efficiency, capital and risk in a sample of European commercial banks employing several definitions of efficiency, risk and capital and using the Granger-causality methodology in a panel data framework. Our results suggest that lower bank...