This paper examines the relationship between bank efficiency change and stock price returns. We first estimate the cost and profit efficiency of a sample of Asian and Latin American listed banks over the period 2000-2006 while controlling for cross-country differences such as regulations and the...

This paper discusses the effects of small banks on local economic growth. We first theoretically show that small banks operating at a regional level can spur local economic growth; the effect is stronger in regions with lower initial endowments. We then test the model predictions using a sample...

This paper investigates whether there has been an improvement and convergence of productive efficiency across European banking markets since the creation of the Single Internal Market. Using efficiency measures derived from DEA estimation we also evaluate the determinants of European bank...

This paper explores a wide range of corporate restructurings, all available deals from wire services, in the banking and insurance sectors that led to bancassurance ventures. An event study methodology is employed to calculate excess returns on and around the deals' announcement date. Using both...

This study investigates the main determinants of Italian banks' cost efficiency over the period 1993-1996, by employing a Fourier-flexible stochastic cost frontier in order to measure X-efficiencies and economies of scale. Quality and riskiness of bank outputs are explicitly accounted for in the...

This paper examines the main structural and performance features of European banking. It demonstrates that while banking markets have become increasingly concentrated and bank numbers have fallen, competition appears to have intensified. Given the large number of banks and branches in many...

This paper models the diffusion pattern of financial innovations. Our model distinguishes between two factors, internal and external influence, that determine banks' decision to adopt an innovation. Internal influence refers to competitive, strategic, and informational factors that are related...

[fre] Cet article traite de la volonté affichée au cours de ces dix dernières années par les principales institutions bancaires de la planète de développer des activités de banques d’affaires à l’échelle mondiale. Cette industrie a de fait connu des phénomènes de concentration et...