This paper surveys 130 studies that apply frontier efficiency analysis to financial institutions
in 21 countries. The primary goals are to summarize and critically review empirical estimates …

There is a current debate in the banking literature regarding the effect of competition on the
stability of banks. Under the traditional “competition-fragility” view, more bank competition …

Although the modern theory of financial intermediation portrays liquidity creation as an
essential role of banks, comprehensive measures of bank liquidity creation do not exist. We …

This paper models the inner workings of relationship lending, the implications for bank
organisational structure, and the effects of shocks to the economic environment on the availability …

This paper empirically examines how capital affects a bank’s performance (survival and market
share) and how this effect varies across banking crises, market crises, and normal times …

MERGERS AND ACQUISITIONS among very large financial institutions are becoming more
frequent in markets around the world, attracting the attention of policymakers, researchers, …

This paper examines the efficiency and price effects of mergers by applying a frontier profit
function to data on bank 'megamergers'. We find that merged banks experience a statistically …

Theories based on incomplete contracting suggest that small organizations have a
comparative advantage in activities that make extensive use of “soft” information. We provide …

This study analyzes the cost efficiency implications of megamergers in the US banking
industry-mergers and acquisitions in which both organizations exceed $1 billion in assets. Such …

This article examines the economics of financing small business in private equity and debt
markets. Firms are viewed through a financial growth cycle paradigm in which different capital …