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DC Field | Value | Language |
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dc.contributor.author | Chortareas, GE | - |
dc.contributor.author | Girardone, C | - |
dc.contributor.author | Ventouri, A | - |
dc.date.accessioned | 2014-09-02T15:55:04Z | - |
dc.date.available | 2014-09-02T15:55:04Z | - |
dc.date.issued | 2011 | - |
dc.identifier.citation | Journal of Business Finance and Accounting, 38(1-2), 259 - 287, 2011 | en_US |
dc.identifier.issn | 0306-686X | - |
dc.identifier.uri | http://onlinelibrary.wiley.com/doi/10.1111/j.1468-5957.2010.02226.x/abstract | en |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/8992 | - |
dc.description | This is the author's accepted manuscript. The final published article is available from the link below. Copyright @ 2011 Blackwell Publishing Ltd. | en_US |
dc.description.abstract | This paper employs a simultaneous equations approach to investigate the dynamics between financial frictions, efficiency and risk for eurozone's commercial banks. We consider two related channels through which financial frictions may arise: informational and market structure imperfections, and allow for a possible reverse causation from efficiency to banks’ asset quality. The findings validate the presence of both channels of financial frictions and are consistent with the efficiency-lending quality hypothesis that low efficiency signals poor asset quality loans. Finally, our findings suggest that policies aimed at constraining banks’ degree of openness may ultimately direct management choices towards riskier investments. | en_US |
dc.language | English | - |
dc.language.iso | en | en_US |
dc.publisher | Wiley-Blackwell | en_US |
dc.subject | Financial Frictions | en_US |
dc.subject | Efficiency | en_US |
dc.subject | Risk | en_US |
dc.subject | Asset Quality | en_US |
dc.subject | Eurozone Banks | en_US |
dc.subject | Simultaneous Equations Models | en_US |
dc.title | Financial frictions, bank efficiency and risk: Evidence from the Eurozone | en_US |
dc.type | Article | en_US |
dc.identifier.doi | http://dx.doi.org/10.1111/j.1468-5957.2010.02226.x | - |
pubs.organisational-data | /Brunel | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance/Economics and Finance | - |
pubs.organisational-data | /Brunel/Group Publication Pages | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups/Centre for Research into Entrepreneurship, International Business and Innovation in Emerging Markets | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute for Ageing Studies | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute of Cancer Genetics and Pharmacogenomics | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Centre for Systems and Synthetic Biology | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups/Multidisclipary Assessment of Technology Centre for Healthcare (MATCH) | - |
Appears in Collections: | Economics and Finance Dept of Economics and Finance Research Papers |
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Fulltext.pdf | 260.33 kB | Adobe PDF | View/Open |
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