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

Marco Frigerio and Daniela Vandone ()
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Daniela Vandone: University of Milan

Chapter Chapter 9 in Contemporary Issues in Banking, 2018, pp 197-219 from Palgrave Macmillan

Abstract: 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.

Keywords: Bank ownership; Development banks; Europe; Commercial banks; Private banks (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-319-90294-4_9

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DOI: 10.1007/978-3-319-90294-4_9

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