Bank Performance, Financial Stability and Market Concentration: Evidence from Cooperative and Non‐Cooperative Banks
In: Annals of Public and Cooperative Economics, Band 90, Heft 1, S. 103-139
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In: Annals of Public and Cooperative Economics, Band 90, Heft 1, S. 103-139
SSRN
In: Socio-economic planning sciences: the international journal of public sector decision-making, Band 71, S. 100749
ISSN: 0038-0121
In: Annals of public and cooperative economics, Band 90, Heft 1, S. 103-139
ISSN: 1467-8292
ABSTRACTRelying upon highly territorially disaggregated data taken at labour market areas, the paper explores the relationship between bank performances and financial stability of the banking system taking into account the role of market concentration. The z‐score is used as financial stability indicator, while the performance of financial intermediaries is measured using a parametric method recently developed (Kumbhakar et al. 2014). The empirical evidence shows a positive relationship between bank performance and financial stability and supports the 'concentration–stability' view for non‐cooperative banks only when concentration is measured on the whole sample of banks. Differences in the performance–stability nexus seem to depend more on the type of banks rather than different levels of market concentration. Higher market concentration of cooperative banks affects systemic stability by reducing the z‐scores of non‐cooperative banks, supporting the hypothesis that the presence of non‐profit‐maximizing entities can pull down stability of other financial institutions.
In: Annals of Public and Cooperative Economics, Band 87, Heft 2, S. 145-173
SSRN
In: Annals of public and cooperative economics, Band 87, Heft 2, S. 145-173
ISSN: 1467-8292
ABSTRACTThis paper applies a data envelopment analysis (DEA) method to assess technical efficiency of both private and public universities in Italy. A directional distance function approach has been applied in order to handle both desirable (i.e. number of graduates) and undesirable (i.e. number of dropouts) outputs. The findings based on a panel from academic year 2003/2004 to 2007/2008 reveal the presence of interesting geographical (both by macro areas and regions) and ownership (private, public) effects. Several quality and quantity proxies have also been used in order to check whether the estimates depend on the output specification. Finally, the possible evidence of variation in the universities' performances by subject of study has been taken into account in order to check whether the results are still consistent comparing universities within subject rather than across subjects.
In: Journal of Regional Science, Band 59, Heft 5, S. 819-849
SSRN
In: Socio-economic planning sciences: the international journal of public sector decision-making, Band 62, S. 104-120
ISSN: 0038-0121
In: Socio-economic planning sciences: the international journal of public sector decision-making, Band 55, S. 47-58
ISSN: 0038-0121
In: CESifo Working Paper No. 9276
SSRN
In: Regional studies: official journal of the Regional Studies Association, Band 53, Heft 7, S. 1058-1069
ISSN: 1360-0591
In: Socio-economic planning sciences: the international journal of public sector decision-making, Band 73, S. 101008
ISSN: 0038-0121
In: IZA Discussion Paper No. 14749
SSRN