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The role of counterparty risk and asymmetric information in the interbank market
Cappelletti, Giuseppe; Guazzarotti, Giovanni - 2017
We study the effect of counterparty risk on the ability of Italian banks to access the foreign unsecured interbank market during the sovereign debt crisis in the second half of 2011. With the onset of the crisis, interest rates in the Italian interbank market soared and foreign lending decreased...
Persistent link: https://www.econbiz.de/10011637418
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Why Do (or Did?) Banks Securitize Their Loans? Evidence from Italy
Affinito, Massimiliano; Tagliaferri, Edoardo - 2010
This paper investigates the ex-ante determinants of bank loan securitization by using different econometric methods on Italian individual bank data from 2000 to 2006. Our results show that bank loan securitization is a composite decision. Banks that are less capitalized, less profitable, less...
Persistent link: https://www.econbiz.de/10014195403
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European Banks’ Profitability and Sentimental Cycle
Anastasiou, Dimitrios; Giannoulakis, Stelios; … - 2022
Utilizing bank-level data and a Mixed Frequency VAR approach, this study examines the effects of a shock at the economic sentiment on European banks’ profitability during the 1995–2019 period. We find that a greater shock in economic sentiment leads to a persistent and gradually amplified...
Persistent link: https://www.econbiz.de/10014238975
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E-Commerce, Southern Europe and Company Profitability
Georgiou, Miltiades N. - 2015
In the present paper author attempts to point out that in EU selling through internet increases firm profitability, especially in the southern regions. Our sample covers many EU member states, and the software package of Eviews is used for the panel data analysis. Data are taken from Eurostat
Persistent link: https://www.econbiz.de/10013013734
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A Long-Term Approach to Italian Banks’ Profitability : Paradise Lost?
Lusignani, Giuseppe - 2012
The paper examines the long-term profitability of the Italian banking system (1965-2011), which has three interesting features: it has always been oriented to traditional intermediation; it underwent a significant process of privatization, consolidation and modernization; it proved to be very...
Persistent link: https://www.econbiz.de/10013098399
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An Inquiry into the Determinants of the Profitability of Italian Banks
Albertazzi, Ugo - 2017
of bank income, dynamics of operating costs and dividend policy) on profits, regulatory capital and bad debt. Our …
Persistent link: https://www.econbiz.de/10012962982
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Multichannel Banking in Italy : Financial, Technological and Organizational Innovation (La Multicanalità Bancaria in Italia Tra Innovazione Finanziaria, Tecnologica e Organizzativa...
Scannella, Enzo - 2012
The paper examines the diffusion of information technology in the economics of Italian banks. The wide spread of information and communication technology is improving banking and financial services delivery to customers. Particularly, the paper adopts a knowledge management perspective to...
Persistent link: https://www.econbiz.de/10013112503
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The transient and persistent efficiency of Italian and German universities : a stochastic frontier analysis
Agasisti, Tommaso; Gralka, Sabine - 2017
efficiency of universities in a fundamental way. Choosing Italy and Germany as two important illustrative examples we can take … recent literature exposes variations in their efficiencies. To gain insights into these differences we split the efficiency … method to measure efficiency, we separate short-term (transient) and long-term (persistent) efficiency, while controlling for …
Persistent link: https://www.econbiz.de/10011729394
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Is Joint Audit Bad or Good? Efficiency Perspective Evidence from Three European Countries
Lesage, Cédric; Ratzinger-Sakel, Nicole V.S; Kettunen, … - 2013
providing evidence based on the new institutional economics criteria of efficiency (i.e. cost or quality) that is relevant to … audit within the same institutional setting. We test the impact of joint audit on both audit costs proxied by audit fees or … impact of a mandatory joint audit. France is characterized by a long tradition of joint audit while Germany has always …
Persistent link: https://www.econbiz.de/10014174252
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Do Interbank Customer Relationships Exist? And How Did They Function Over the Crisis? Learning from Italy
Affinito, Massimiliano - 2011
Using 11 years of monthly Italian bank-by-bank data, this paper matches the bilateral amounts and the identity of each interbank borrower and lender with a large list of explanatory variables. My outcomes show that interbank customer relationships, namely stable and strong relationships between...
Persistent link: https://www.econbiz.de/10013129898