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The impact of bank market competition and stability on bank total factor productivity changes : evidence from a panel of European Union banks
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Autores
Orientador(es)
Resumo(s)
This paper contributes to the literature using first a Data Envelopment Analysis (DEA) approach to
measure bank efficiency and the results provided by the Malmquist indices to analyse the evolution of
the technical, technological, and scale efficiency changes,
in a panel including 784 relevant banks of all the 27 European Union (EU) countries, between 2006 and
2021. In the second stage, the study uses panel dynamic Generalised Method of Moments (GMM)
estimations to analyse the impact on the total productivity changes of bank market competition (measured
with the estimated Boone indicator) and bank stability (proxied with the estimated Z-score), while
controlling for some relevant bank activities, economic growth and the influence of the relevant crises
that affected the EU banking sector during the considered period. The main findings reveal that while
bank market competition looks like promoting the banks’ total factor productivity change, bank loans,
bank deposits and short-term funding, as well as bank market stability and economic growth do not
contribute to the banks’ total factor productivity changes.
Descrição
Palavras-chave
European Union banking sector Malmquist indices bank total factor productivity changes Z-score Boone indicator
Contexto Educativo
Citação
Ferreira, Cândida (2024). "The impact of bank market competition and stability on bank total factor productivity changes : evidence from a panel of European Union banks". REM Working paper series, nº 0315/2024
Editora
ISEG – REM (Research in Economics and Mathematics)