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Bank Ownership and Firm-Level Performance: An Empirical Assessment of State-Owned Development Banks

In: Contemporary Issues in Banking

Author

Listed:
  • Marco Frigerio

    (University of Milan)

  • Daniela Vandone

    (University of Milan)

Abstract

The goal of this chapter is to investigate state-owned development banks and to analyse their performance vis-à-vis to other state-owned and private-owned banks. We use firm-level evidences from Europe to analyse the performance of state-owned development banks and the difference compared to state-owned commercial banks and private banks. Analysing the performance of development banks is a relevant issue. First: assessing development banks’ performance is important to determine their financial sustainability. Second: extant empirical literature on bank ownership and performance has always considered state-owned banks as belonging to the same type, whereas they do not. Our results point to clear differences between development and commercial state-owned banks, with the former performing better than the latter in terms of efficiency. They recognize that state-owned banks are not a monolith and that development banks have specific features and operate in a way not completely examined in the extant literature.

Suggested Citation

  • Marco Frigerio & Daniela Vandone, 2018. "Bank Ownership and Firm-Level Performance: An Empirical Assessment of State-Owned Development Banks," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Myriam García-Olalla & Judith Clifton (ed.), Contemporary Issues in Banking, chapter 0, pages 197-219, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-319-90294-4_9
    DOI: 10.1007/978-3-319-90294-4_9
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