ANALYZING BANKS’ PERFORMANCE DURING THE RECENT BREAKDOWNS. WHAT WERE THE MAIN DRIVERS?

Vincenzo Pacelli, Francesca Pampurini () and Anna Grazia Quaranta ()
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Vincenzo Pacelli: Ionian Department in “Legal and Economic Systems of the Mediterranean
Francesca Pampurini: ��Department of Economics and Business Management Sciences, Catholic University of the Sacred Heart of Milan, Largo Gemelli 1, 20123 Milan, Italy
Anna Grazia Quaranta: ��Department of Economics and Law, University of Macerata, Via Crescimbeni 14, 62100 Macerata, Italy

Journal of Financial Management, Markets and Institutions (JFMMI), 2023, vol. 11, issue 02, 1-16

Abstract: We observe the main efficiency drivers of European Banking Groups after the burst of the Global Financial Crisis. This analysis is a live issue within the studies in the field of intermediation. The observed period (2010–2021) is emblematic of the complexity of the financial market in the last two decades. The efficiency levels derive from a stochastic frontier approach; a k-means cluster analysis distinguishes the units into three homogeneous groups, so that the main determinants of the higher level of efficiency can be identified. They are linked to a particular business model, specific managerial choices, costs rationalization and liquidity optimization.

Keywords: Banking groups; stochastic frontier approach; cluster analysis; efficiency drivers; management (search for similar items in EconPapers)
JEL-codes: C23 C58 D24 F65 G21 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S2282717X23500081

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