bank/firm data, we find that public guarantees reduce allocative efficiency. With guarantees in place, poorly performing … lawsuit, to identify the real effects of these guarantees on the allocation of credit (“allocative efficiency”). Using matched …

find that publicly traded bank holding companies (BHCs) are less efficient in their internal capital allocation than non …

bank. This reflects a higher margin/profitability. However, it also shows less efficiency of the intermediation mechanism …. Therefore, there is no difference between banking profitability and efficiency of the intermediation.Novelty - With the same … implications noted between the micro objective of banks (advantage as a business entity) and the efficiency of intermediation as …

We use a natural experiment and matched bank/firm data to identify the effects of bank guarantees on allocative … efficiency. We find that with guarantees in place unproductive firms invest more and maintain higher rates of sales growth …

culture, and the risk appetite of the bank …

investment and effort decisions, therefore affect overall efficiency. We find that when the financial leverage is in an … intermediate range, overall efficiency may decrease in information quality, because higher information quality discourages the … entrepreneur from working hard when the prior project prospect is low. We also find that overall efficiency is very sensitive to …

decreases overall efficiency. Our analysis highlights the importance of considering the role of information quality in the … overall efficiency …

decreases overall efficiency. Our analysis highlights the importance of considering the role of information quality in the … overall efficiency …

controls, the risk culture, and the risk appetite of the bank …