Efficient or Fortunate? The Impact of Environmental Economic Conditions on Co-Operative Banks

IF 2.2 3区 经济学 Q2 BUSINESS, FINANCE European Journal of Finance Pub Date : 2008-12-01 DOI:10.2139/ssrn.1376217
Franco Fiordelisi, Vincenzo Farina, Battaglia Francesca, Ornella Ricci
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引用次数: 1

Abstract

This paper analyses the cost and profit efficiency of Italian co-operative banks. These small financial institutions have homogeneous business model and their performance is strongly influenced by the economic conditions of their local markets. As recognised by various recent studies (Bos et al., 2008), the efficiency measurement has to account for the heterogeneity of environmental conditions. By using a sample of 2683 year observations collected between 2000 and 2005, we estimated cost and profit efficiency using the Stochastic Frontier Analysis and including various environmental variables accounting for disparities among Italian regions. Our results provide evidence that banks in the North-East of Italy are more cost efficient, taking advantage of a favourable environment, while banks in the South of Italy display a higher profit efficiency, probably due to lower competitive pressures.
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高效还是幸运?环境经济条件对合作银行的影响
本文分析了意大利合作银行的成本效率和利润效率。这些小型金融机构具有同质化的经营模式,其业绩受到当地市场经济状况的强烈影响。正如最近各种研究(Bos et al., 2008)所认识到的那样,效率测量必须考虑到环境条件的异质性。通过使用2000年至2005年间收集的2683年的观察样本,我们使用随机前沿分析估计了成本和利润效率,并考虑了意大利地区之间差异的各种环境变量。我们的结果提供了证据,表明意大利东北部的银行更具成本效益,利用了有利的环境,而意大利南部的银行表现出更高的利润效率,可能是由于竞争压力较低。
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来源期刊
European Journal of Finance
European Journal of Finance BUSINESS, FINANCE-
CiteScore
5.40
自引率
8.00%
发文量
72
期刊介绍: The European Journal of Finance publishes a full range of research into theoretical and empirical topics in finance. The emphasis is on issues that reflect European interests and concerns. The journal aims to publish work that is motivated by significant issues in the theory or practice of finance. The journal promotes communication between finance academics and practitioners by providing a vehicle for the publication of research into European issues, stimulating research in finance within Europe, encouraging the international exchange of ideas, theories and the practical application of methodologies and playing a positive role in the development of the infrastructure for finance research.
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