This paper examines changes in the organization structure and profitability of a group of six privatized large Italian banks. After privatization, there was a high rate of turnover of managers. Relative to other Italian banks, a variety of measures of profitability rose rapidly after...

This paper reports results from a study of location, ownership, and acquisitions of automated teller machines (ATMs) by a sample of large Italian banks between 1991 and 1995. The sample banks had 85% of Italian banking assets. Data are collected at the provincial level for each bank. The...