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The impact of bank concentration on financial distress: the case of the European banking system

  • Andrea Cipollini

    ()

  • Franco Fiordelisi

    ()

This paper examines the impact of bank concentration on bank financial distress using a balanced panel of commercial banks belonging to EU 25 over the sample period running from 2003 to 2007. Financial distress is proxied by the observations falling below a given threshold of the empirical distribution of a risk adjusted indicator of bank performance: the Shareholder Value ratio. We employ a panel probit regression estimated by GMM in order to obtain consistent and efficient estimates following the suggestion of Bertschek and Lechner (1998). Our findings suggest, after controlling for a number of enviroment variables, a positive effect of bank concentration on financial distress.

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File URL: http://www.cefin.unimore.it/sites/default/files/Cipollini%20Fiordelisi.pdf
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Paper provided by Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi" in its series Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) with number 09021.

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Length: pages 23
Date of creation: Feb 2009
Date of revision:
Handle: RePEc:mod:wcefin:09021
Contact details of provider: Web page: http://www.economia.unimore.it

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