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Scope Economies and Competition Beyond the Balance Sheet: a ‘broad banking’ Experience

Santiago Carbo Valverde () and Francisco Rodríguez Fernández ()

No E2004/13, Economic Working Papers at Centro de Estudios Andaluces from Centro de Estudios Andaluces

Abstract: There is a recent trend in banking research aiming to assess how financial innovation and technology are affecting bank cost, revenue and profits. Most of the studies have not found significant cost, profit or revenue complementarities either between traditional and non-traditional banking products or between traditional activities themselves. We study complementarities in a ‘broad banking’ environment: the Spanish banking sector. The results indicate that after including off-balance sheet business in the output mix, cost and profit scope economies increase significantly. Besides, consumer valuation of financial services is only detected when the off-balance sheet business is added to the output definition.

Keywords: banking; cost; profit; scope economies; off-balance sheet. (search for similar items in EconPapers)
JEL-codes: G21 L11 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2004
New Economics Papers: this item is included in nep-acc, nep-eec and nep-eff
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