Library

X
feed icon rss

Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
  • 1
    Electronic Resource
    Electronic Resource
    Efficiency Barriers to the Consolidation of the European Financial Services Industry (2001)
    Oxford, UK and Boston, USA : Blackwell Publishers Ltd
    European financial management 7 (2001), S. 0 
    Details
    ISSN: 1468-036X
    Source: Blackwell Publishing Journal Backfiles 1879-2005
    Topics: Economics
    Notes: Cross-border consolidation of financial institutions within Europe has been relatively limited, possibly reflecting efficiency barriers to operating across borders, including distance; differences in language, culture, currency, and regulatory/supervisory structures; and explicit or implicit rules against foreign competitors. EU policies such as the Single Market Programme and European Monetary Union attenuate some but not all of these barriers. The evidence is consistent with the hypothesis that these barriers offset most of any potential efficiency gains from cross-border consolidation. Banks headquartered in other EU nations have slightly lower average measured efficiency than domestic banks and non-EU-based foreign banks.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1111/1468-036X.00147
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Paper (German National Licenses)
    Fulltext
  • 2
    Electronic Resource
    Electronic Resource
    “Distribution-free” estimates of efficiency in the U.S. banking industry and tests of the standard distributional assumptions (1993)
    Springer
    Journal of productivity analysis 4 (1993), S. 261-292 
    Details
    ISSN: 1573-0441
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Studies of efficiency in banking and elsewhere often impose arbitrary assumptions on the distributions of efficiency and random error in order to separate one from the other. In this study, we impose much less structure on these distributions and only assume that efficiencies are stable over time while random error tends to average out. We are able to do so by estimating firm-specific effects on costs using panel data sets of over 28,000 observations on U.S. banks from 1980 to 1989. We find results similar to the literature—X-efficiencies or managerial differences in efficiency are important in banking, while scale-efficiency differences are not. However, we also find that the distributional assumptions usually imposed in the literature are not very consistent with these data.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01073413
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Paper (German National Licenses)
    Fulltext
  • 3
    Electronic Resource
    Electronic Resource
    The Effects of Megamergers on Efficiency and Prices: Evidence from a Bank Profit Function (1997)
    Springer
    Review of industrial organization 12 (1997), S. 95-139 
    Details
    ISSN: 1573-7160
    Keywords: Bank ; merger ; efficiency ; profit ; price ; antitrust
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper examines the efficiency and price effects of mergers by applying a frontier profit function to data on bank ‘megamergers’. We find that merged banks experience a statistically significant 16 percentage point average increase in profit efficiency rank relative to other large banks. Most of the improvement is from increasing revenues, including a shift in outputs from securities to loans, a higher-valued product. Improvements were greatest for the banks with the lowest efficiencies prior to merging, who therefore had the greatest capacity for improvement. By comparison, the effects on profits from merger-related changes in prices were found to be very small.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1007760924829
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Paper (German National Licenses)
    Fulltext
  • 4
    Electronic Resource
    Electronic Resource
    Interstate banking and the payments system (1988)
    Springer
    Journal of financial services research 1 (1988), S. 131-145 
    Details
    ISSN: 1573-0735
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Interstate banking will improve the efficiency of the payments system. This will occur because the number of handlings for multiple-bank payments (transit items) will fall and because some multiple-bank payments will be transformed into single-bank payments (on-us items). These effects are simulated using data on the current cross-section relationship between banking structure and check clearing patterns in a multinomial logit model. The Federal Reserve, which currently processes almost one-third of all checks, is predicted to lose 43 to 60 percent of its market share. The annual impact is expected to be gradual, however, since interstate banking will be phased in and because of offsetting growth in the total check clearing market.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00116384
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Paper (German National Licenses)
    Fulltext
  • 5
    Electronic Resource
    Electronic Resource
    The Information Content of Bank Examinations (1998)
    Springer
    Journal of financial services research 14 (1998), S. 117-144 
    Details
    ISSN: 1573-0735
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract We identify three types of information from bank examinations—“auditing information” from verifying the honesty and accuracy of the bank's books, “regulatory discipline information” about the treatment of the bank by regulators, and “private information” about bank condition. We estimate these information effects by comparing the cumulative abnormal market returns associated with examinations in which the CAMEL rating remained unchanged, improved, and worsened. All three information effects are found to be greater for banks entering the examination process with unsatisfactory ratings from prior examinations. The only consistently strong effect found is that examination downgrades appear to reveal unfavorable private information about bank condition. The evidence also suggests that the information may reach the market in part through loan quality data released in quarterly financial statements.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1023/A:1008011312729
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
    Paper (German National Licenses)
    Fulltext
Close ⊗
This website uses cookies and the analysis tool Matomo. More information can be found here...