Les banques coopératives et mutualistes: histoire d'une transformation forcée mais efficace en banques universelles
In: Etude / Natixis, 2007-01
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In: Etude / Natixis, 2007-01
World Affairs Online
In: Journal of economics and business, Band 63, Heft 5, S. 441-455
ISSN: 0148-6195
In: Research in economics: Ricerche economiche, Band 62, Heft 2, S. 101-119
ISSN: 1090-9451
In: Journal of economics, Band 85, Heft 1, S. 1-38
ISSN: 1617-7134
In: Journal of policy modeling: JPMOD ; a social science forum of world issues, Band 39, Heft 2, S. 272-289
ISSN: 0161-8938
In: Journal of policy modeling: JPMOD ; a social science forum of world issues
ISSN: 0161-8938
In: Research in economics: Ricerche economiche, Band 59, Heft 1, S. 41-57
ISSN: 1090-9451
In: Research in economics: Ricerche economiche, Band 56, Heft 4, S. 381-397
ISSN: 1090-9451
In: Economic notes, Band 37, Heft 2, S. 155-179
ISSN: 1468-0300
In this paper, we seek to empirically assess which determinants of the capability and incentives of banks to screen and monitor firms are significant in explaining credit rationing to Italian SMEs. After testing for the presence of non‐random selection bias and the potential endogeneity of some determinants of interest, the probit model results we obtain suggest that the average banking size and the multiple banking relationship phenomenon are statistically significant factors affecting credit rationing, presumably through their impact on the aforementioned banks' capability and incentives. Other potential determinants of banks' incentives to monitor and screen, such as local banking competition and firm' capacity to collateralize, are never significant. However, when we split the sample according to the level of competition in credit markets, we find that the estimated marginal effects of all significant determinants of interest are larger in absolute value than those obtained when using the whole sample.
We use a unique and unexplored dataset to investigate the determinants and effects of mafia firms in Italy. Mafia may use several tools to expand its firms. However, in this paper, we show that they prefer political corruption to violence to expand mafia firms. In particular, they use the latter more to build up their reputation in new established regions. Mafia firms hamper entrepreneurial activity but they can have beneficial effects on unemployment if mafia firms add to not substitute current economic activities. Policy makers should take account of this twofold effects of mafia firms.
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We use a unique and unexplored dataset to investigate the determinants and effects of mafia firms in Italy. Mafia may use several tools to expand its firms. However, in this paper, we show that they prefer political corruption to violence to expand mafia firms. In particular, they use the latter more to build up their reputation in new established regions. Mafia firms hamper entrepreneurial activity but they can have beneficial effects on unemployment if mafia firms add to not substitute current economic activities. Policy makers should take account of this twofold effects of mafia firms.
BASE
In: Minimally invasive neurosurgery, Band 25, Heft 5, S. 165-169
ISSN: 1439-2291