This paper examines the impact of bank concentration on bank financial distress using a balanced panel of commercial banks belonging to EU 25 over the sample period running from 2003 to 2007. Financial distress is proxied by the observations falling below a given threshold of the empirical distribution of a risk adjusted indicator of bank performance: the Shareholder Value ratio. We employ a panel probit regression estimated by GMM in order to obtain consistent and efficient estimates following the suggestion of Bertschek and Lechner (1998). Our findings suggest, after controlling for a number of enviroment variables, a positive effect of bank concentration on financial distress.

Cipollini, A. e F., Fiordelisi. "The impact of bank concentration on financial distress: them case of the European banking system" Working paper, CEFIN WORKING PAPERS, Dipartimento di Economia Marco Biagi - Università di Modena e Reggio Emilia, 2009. https://doi.org/10.25431/11380_1197324

The impact of bank concentration on financial distress: them case of the European banking system

Cipollini, A.;
2009

Abstract

This paper examines the impact of bank concentration on bank financial distress using a balanced panel of commercial banks belonging to EU 25 over the sample period running from 2003 to 2007. Financial distress is proxied by the observations falling below a given threshold of the empirical distribution of a risk adjusted indicator of bank performance: the Shareholder Value ratio. We employ a panel probit regression estimated by GMM in order to obtain consistent and efficient estimates following the suggestion of Bertschek and Lechner (1998). Our findings suggest, after controlling for a number of enviroment variables, a positive effect of bank concentration on financial distress.
2009
Febbraio
Cipollini, A.; Fiordelisi, F.
Cipollini, A. e F., Fiordelisi. "The impact of bank concentration on financial distress: them case of the European banking system" Working paper, CEFIN WORKING PAPERS, Dipartimento di Economia Marco Biagi - Università di Modena e Reggio Emilia, 2009. https://doi.org/10.25431/11380_1197324
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11380/1197324
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