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New evidence of scope economies among lending,deposit-taking, loan commitments and mutual fund activities

Santiago Carbo Valverde () and Francisco Rodríguez Fernández ()

No 05/01, ThE Papers from Department of Economic Theory and Economic History of the University of Granada.

Abstract: Financial innovation and technology affect bank cost, revenue and profits. Most of the previous empirical studies have not found significant cost, profit or revenue scope economies or output pair complementarities either between traditional and non-traditional banking products or between traditional activities themselves. We study scope economies and output pair 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 rise and are statistically significant. Besides, consumer valuation of financial services is only detected when the off-balance sheet business is added to the output definition.

Keywords: banking; scope economies; off-balance sheet. (search for similar items in EconPapers)
JEL-codes: G21 L11 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2005-01-10
New Economics Papers: this item is included in nep-eff and nep-fin
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