Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5069624 | Finance Research Letters | 2016 | 18 Pages |
Abstract
Using a directional DEA model we analyse the impact of the 2008 financial crisis in a sample of Italian local banks. We rely on a novel data-set, where the banks' economic environment is measured at a territorially very disaggregated level. The efficiency of cooperative banks deteriorates in the crisis relatively to the other banks, unless we include indicators of territorial diversification and local economic performance in the banks' production set. This evidence is in line with the bad luck hypothesis, and implies that strict branching regulations had a harmful impact on bank efficiency.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Cristian Barra, Sergio Destefanis, Giuseppe Lubrano Lavadera,