EconStor >
Deutsche Bundesbank, Forschungszentrum >
Discussion Paper Series 2: Banking and Financial Studies, Bundesbank >

Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen:

http://hdl.handle.net/10419/27686
  
Titel:The effects of privatization and consolidation on bank productivity: comparative evidence from Italy and Germany PDF Logo
Autoren:Fiorentino, Elisabetta
Vincenzo, Alessio De
Heid, Frank
Karmann, Alexander
Koetter, Michael
Datum:2009
Reihe/Nr.:Discussion Paper Series 2: Banking and financial studies 2009,03
Zusammenfassung:The Italian and German banking systems shared similar characteristics early in the 1990s but have evolved in different directions since then: Italy privatized its publicly-owned banks while Germany has maintained a large share of state-owned savings banks. Contemporaneously, banks in both markets engaged heavily in mergers and acquisitions. We analyze how these activities have affected banks' productivity in the period 1994-2004, differentiating between technical change, efficiency change and scale economies. We find that privatized banks experienced a significant increase in productivity, especially if they subsequently merged with other banks. German banks were still able to increase their productivity through consolidation.
Schlagwörter:Banking market integration
deregulation
total factor productivity
Italy
Germany
JEL:D24
G21
G28
L33
ISBN:978-3-86558-494-6
Erscheint in der Sammlung:Discussion Paper Series 2: Banking and Financial Studies, Bundesbank

Datei(en):
Datei Beschreibung GrößeFormat
593856112.PDF636,5 kBAdobe PDF
Anz. Downloads:
letzter Monat letzte 3 Monate insgesamt
Vollständigen Metadatensatz anzeigen
Diese Publikation empfehlen

Publikationen in EconStor sind urheberrechtlich geschützt.