European banking groups efficiency in a decade: an empirical investigation on the determinants

Francesca Pampurini, 27257, DI ECONOMIA E GIURISPRUDENZA FACOLTA', - Dipartimento di Scienze economiche e sociali - DISES PIACENZA, Anna Grazia Quaranta, DI ECONOMIA E GIURISPRUDENZA FACOLTA', DI ECONOMIA E GIURISPRUDENZA FACOLTA'

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

Abstract

After analysing the determinants of the best efficiency levels achieved by the Euro-Area banking groups, this paper suggests some managerial and policy recommendations. We employ a stochastic frontier model to measure the efficiency levels of the banking groups in the period 2009–2018. Then, with a cluster analysis, we identify the most relevant efficiency determinants of the best practice units. The results reveal that the main causes of the high level of efficiency are linked to the business model and to specific managerial choices. These research findings have great micro and macro implications in the light of the structural changes that are transforming the physiognomy of the banking system. Few studies focused on such a particular topic after the 2008 Global Financial Crisis; another strength of this study is that the analysis involves a period able to represent the complexity of the banking and financial markets in the last decade.
Lingua originaleEnglish
pagine (da-a)110-126
Numero di pagine17
RivistaInternational Journal of Productivity and Quality Management
Volume36
DOI
Stato di pubblicazionePubblicato - 2021

Keywords

  • banking groups
  • cluster analysis
  • efficiency
  • stochastic frontiers
  • strategic choices

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