Competition versus Efficiency: What drives franchise values in European banking?
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- De Jonghe, Olivier & Vennet, Rudi Vander, 2008. "Competition versus efficiency: What drives franchise values in European banking?," Journal of Banking & Finance, Elsevier, vol. 32(9), pages 1820-1835, September.
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More about this item
Keywords
charter value; market power; efficiency; Tobin’s Q; stochastic frontier;All these keywords.
JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2008-02-02 (Banking)
- NEP-COM-2008-02-02 (Industrial Competition)
- NEP-EEC-2008-02-02 (European Economics)
- NEP-EFF-2008-02-02 (Efficiency and Productivity)
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