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How do banks react to increased competition? Recent banking theory offers conflicting predictions about the impact of … competition on bank orientation - i.e., the choice of relationship based versus transactional banking. We empirically investigate … the impact of interbank competition on bank branch orientation. We employ a unique data set containing detailed …
Persistent link: https://www.econbiz.de/10014055846
The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of firms in the markets. We empirically test this aspect of...
Persistent link: https://www.econbiz.de/10011481190
channel through which bank competition policy is optimally designed …
Persistent link: https://www.econbiz.de/10013492682
This study aims to investigate the significance of adequately accounting for heterogeneity in banking efficiency. It compares different specifications of stochastic cost frontier models which attempt to account for bank heterogeneity in various ways. This study compares the estimated parameters...
Persistent link: https://www.econbiz.de/10013023711
This paper analyses structural and cyclical determinants of banking profitability in 16 Western European countries. We find that financial structure matters, particularly through the beneficial effect of the capital market orientation in the respective national financial system. Furthermore,...
Persistent link: https://www.econbiz.de/10012989284
This paper examines the causal effect of mergers and acquisitions (M&A) on bank productivity (Q) in 23 European Union countries and the short- and long-term relationship among fixed assets (k1), liquid assets (k2), and labour (L) over the period 1990–2013 for a sample of 156 commercial banks,...
Persistent link: https://www.econbiz.de/10012147020
The aim of this study is to provide an empirical methodology for the estimation of market power of individual banks. The new method employs the well-known model of Panzar and Rosse (1987) and proposes its estimation using the local regression technique. Thus, a number of restrictive assumptions...
Persistent link: https://www.econbiz.de/10013404332
function cannot be used to infer the degree of competition. Only an unscaled revenue equation yields a valid measure for … findings are confirmed by an empirical analysis of competition in the banking industry, based on a sample covering more than …
Persistent link: https://www.econbiz.de/10013039358
Persistent link: https://www.econbiz.de/10001466887
Persistent link: https://www.econbiz.de/10001811598