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MULTILEVEL EMPIRICS FOR SMALL BANKS IN LOCAL MARKETS

Francesco Aiello () and Graziella Bonanno

No 201611, Working Papers from Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF

Abstract: Small banks are embedded in narrow markets and hence benefit from proximity to their customers. By referring to multilevel approach, this article evaluates how much the performance of Italian mutual cooperative banks is determined by geographical and individual characteristics. The effect of local markets explains 28.27% of bank heterogeneity in the empty multilevel model and 33% in the most extended model. Moreover, it is found that efficiency increases with market concentration and demand density but decreases with branching in local markets.

Keywords: Multilevel model; Small banks; Local markets; Cost efficiency (search for similar items in EconPapers)
JEL-codes: C13 D22 G21 R19 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2016-10
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http://www.ecostat.unical.it/RePEc/WorkingPapers/WP11_2016.pdf First version, 2016-10 (application/pdf)
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Related works:
Journal Article: Multilevel empirics for small banks in local markets (2018) Downloads
Working Paper: MULTILEVEL EMPIRICS FOR SMALL BANKS IN LOCAL MARKETS (2015) Downloads
Working Paper: Multilevel empirics for small banks in local markets (2015) Downloads
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