 The Driving Forces of Credit Brokers’ Diffusion in Italy: An Empirical AnalysisFederica Poli and Teodora Uberti () Chapter 9 in New Issues in Financial and Credit Markets, 2010, pp 123-132 from Palgrave Macmillan Abstract: Abstract In the last decade, there has been a tremendous growth in the number of credit brokers (CB) in Italy. Some estimates maintain that about a quarter of residential mortgage loans are intermediated by CB (Europe Economics, 2009); their market shares of some leasing and consumer credit products are also significant. Despite the importance of credit brokerage services, little empirical research has been devoted to investigating its origins. In this paper we undertake an analysis of CB diffusion in Italian provinces (NUTS3 level) based on spatial panel data model that aims to estimate the relevance of spatial effects. Two models are developed in order to identify the determinants of this phenomenon. The results emphasize that CB diffusion is to some extent influenced by the socioeconomic and banking features of the area, but estimates reveal also the emergence of a ‘herding effect’ whose occurrence is probably due to the fact that access to the brokerage profession is not hindered by heavy regulatory requirements. Keywords: Credit Market; Mortgage Market; Bank Branch; Brokerage Service; Italian Province (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30218-1_10 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.