| Autor: |
Helen Louri, Yiannis Dendramis, Ioanna Avgeri |
| Rok vydání: |
2021 |
| Předmět: |
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| Zdroj: |
Journal of International Financial Markets, Institutions and Money. 74:101382 |
| ISSN: |
1042-4431 |
| DOI: |
10.1016/j.intfin.2021.101382 |
| Popis: |
One of the main problems of European banks is their low profitability, often attributed to burdensome new regulation. In this paper we investigate whether the establishment of the Single Supervisory Mechanism (SSM) influenced the profitability of European banks using the returns on assets and equity as alternative indicators and applying the difference-in-differences methodology combined with matching techniques. Our main findings indicate a statistically significant and positive effect on profitability for the directly supervised banks, and especially banks located in the euro area periphery. Institutional improvements introduced by the SSM have been beneficial for improving performance and enhancing integration of the banking sector. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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