The DOI matches its Crossref record; 34 of the 34 references it cites were found in a registry or an index.
Ownership structure, risk and performance in the European banking industry
Abstract
We compare the performance and risk of a sample of 181 large banks from 15 European countries over the 1999-2004 period and evaluate the impact of alternative ownership models, together with the degree of ownership concentration, on their profitability, cost efficiency and risk. Three main results emerge. First, after controlling for bank characteristics, country and time effects, mutual banks and government-owned banks exhibit a lower profitability than privately owned banks, in spite of their lower costs. Second, public sector banks have poorer loan quality and higher insolvency risk than other types of banks while mutual banks have better loan quality and lower asset risk than both private and public sector banks. Finally, while ownership concentration does not significantly affect a bank's profitability, a higher ownership concentration is associated with better loan quality, lower asset risk and lower insolvency risk. These differences, along with differences in asset composition and funding mix, indicate a different financial intermediation model for the different ownership forms.
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Cites
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Tan, Y. (2016) · Journal of International Financial Markets, Institutions and Money · doi:10.1016/j.intfin.2015.09.003 · Cited by 455
The impact of bank capital on profitability and risk in Asian banking
Lee, C.-C., & Hsieh, M.-F. (2013) · Journal of International Money and Finance · doi:10.1016/j.jimonfin.2012.04.013 · Cited by 451
Ownership structure and risk in publicly held and privately owned banks
Barry, T. A., Lepetit, L., & Tarazi, A. (2011) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2010.10.004 · Cited by 426
Abdullah, S. N., Ismail, K. N. I. K., & Nachum, L. (2016) · Strategic Management Journal · doi:10.1002/smj.2352 · Cited by 367
Competition and financial stability in European cooperative banks
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Metadata
- Authors
- Iannotta, G., Nocera, G., & Sironi, A.
- Venue
- Journal of Banking & Finance
- Publisher
- Elsevier BV
- Published
- 2007-07
- Volume
- 31
- Issue
- 7
- Pages
- 2127-2149
- ISSN
- 0378-4266 (ISSN-L)
- OpenAlex
- W3123092007
- Cited by
- 984
- References
- 34
- FWCI
- 51.96
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
