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EnglishFollowing a common wisdom in banking, revenue diversification is likely to produce a “portfolio-effect” in bank income statement, enhancing the creation of greater and more stable profits. We test this hypothesis on a sample of 110 large commercial, saving and cooperative banks headquartered in 8 EMU countries for the period 2005-2013. Results indicate that diversification strategies have had a role in determining banks profitability only for selected subsamples (and in particular for commercial and saving banks); on the contrary, efficiency and credit portfolio quality have been the main drivers of profits in the period under examination. We contribute to previous literature using a cross-country balanced dataset that covers both the pre-crisis and the following economically troubled periods. Topics underlying this work – and empirical results – have relevant policy implications from a managerial and regulatory point of view.
Borroni, M., Rossi, S., Does revenue diversification still matter in banking? Evidence from some European Countries, <<Does revenue diversification still matter in banking? Evidence from some European Countries>>, 2017; (123): 1-32 [http://hdl.handle.net/10807/98650]
| Autori: | ||
| Titolo: | Does revenue diversification still matter in banking? Evidence from some European Countries | |
| Data di pubblicazione: | 2017 | |
| Abstract: | Following a common wisdom in banking, revenue diversification is likely to produce a “portfolio-effect” in bank income statement, enhancing the creation of greater and more stable profits. We test this hypothesis on a sample of 110 large commercial, saving and cooperative banks headquartered in 8 EMU countries for the period 2005-2013. Results indicate that diversification strategies have had a role in determining banks profitability only for selected subsamples (and in particular for commercial and saving banks); on the contrary, efficiency and credit portfolio quality have been the main drivers of profits in the period under examination. We contribute to previous literature using a cross-country balanced dataset that covers both the pre-crisis and the following economically troubled periods. Topics underlying this work – and empirical results – have relevant policy implications from a managerial and regulatory point of view. | |
| Lingua: | Inglese | |
| Editore: | Vita e Pensiero | |
| Titolo del libro: | Does revenue diversification still matter in banking? Evidence from some European Countries | |
| ISBN: | 978-88-343-3374-7 | |
| Citazione: | Borroni, M., Rossi, S., Does revenue diversification still matter in banking? Evidence from some European Countries, <<Does revenue diversification still matter in banking? Evidence from some European Countries>>, 2017; (123): 1-32 [http://hdl.handle.net/10807/98650] | |
| Appare nelle tipologie: | Quaderno, Working paper, Paper (di dipartimento / istituto / progetti) |
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