L’impatto della crisi sull’efficienza dei gruppi bancari: prevalgono i vantaggi della diversificazione o gli oneri della complessità?

Translated title of the contribution: [Autom. eng. transl.] The impact of the crisis on the efficiency of banking groups: do the advantages of diversification prevail or the burdens of complexity?

Francesca Pampurini, Vincenzo Pacelli

Research output: Contribution to journalArticlepeer-review

Abstract

Our work compares the relative efficiency of the most important European banking groups over the period 2005-2013 by employing a parametric approach (Stochastic Frontier Analysis) to determine the effects of the recent financial crisis on efficiency. Our analysis focuses also on scale economies in order to understand if the most important banking groups are able to make the most of their size or, on the contrary, they suffer a problem of scale diseconomies due to the high level of complexity . Unlike most literature that usually considers individual banks (even if they belong to the same financial conglomerate) our units are banking groups. This methodological choice should reduce the distortions caused by intercompany accounting policies
Translated title of the contribution[Autom. eng. transl.] The impact of the crisis on the efficiency of banking groups: do the advantages of diversification prevail or the burdens of complexity?
Original languageItalian
Pages (from-to)26-52
Number of pages27
JournalBANCARIA
Volume2016
Publication statusPublished - 2016

Keywords

  • BANCHE
  • BANKING
  • BANKING GROUPS
  • EFFICIENCY
  • EFFICIENZA
  • GRUPPI BANCARI

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