Le Banche Locali E Il Finanziamento Dei Territori: Evidenze Per LLItalia (2007-2014) (When Local Banks Lend to Local Communities: Evidence from Italy (2007-2014))

Stefani, Maria Lucia; Vacca, Valerio; Coin, Daniele; Prete, Silvia Del; Demma, Cristina; Galardo, Maddalena; Garrì, Iconio; Mocetti, Sauro; Pellegrino, Dario

doi:10.2139/ssrn.2772534

Cited by 11 publications

(8 citation statements)

References 10 publications

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“…Our study is contrary to the findings of Siyanbola (2013) who indicated that recapitalisation increases new bank branches openings and creates millionaires in developing markets like Nigeria. Notwithstanding, the results support existing literature that recapitalisation reduces banks’ credit concentration (Coccorese and Ferri, 2020; Stefani et al , 2016) and increase banks’ long-term credit supply (Beccalli et al , 2018). One interviewee commented:…”

Section: Results and Findingssupporting

confidence: 87%

“…Furthermore, Claessens et al (2010) indicated that bank recapitalisation results in loss of market confidence, systematic risk and an upsurge in interrelatedness among banks (Beccalli et al , 2018, p. 309). However, an increase in banks’ capital requirements stimulates banks’ long-term loans (Beccalli et al , 2018); reduces the credit concentration of banks (Coccorese and Ferri, 2020; Stefani et al , 2016); and enhances efficiency, competition, profitability, bank internationalisation and economic growth (Ametei and Quagraine, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

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Is recapitalisation regulation a disrupter? Survival and sustainability of indigenous Ghanaian banks

Takyi

Naidoo

2022

QRFM

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Purpose This study aims to explore how the implementation of the recapitalisation by the Bank of Ghana disrupted the indigenous banks’ sources of accessing capital to raise the required amount within the mandatory stipulated time/deadline. Design/methodology/approach This study used purposive sampling techniques to interview key role players and senior members involved in the bank’s recapitalisation process and/or have in-depth information on the 2017–2018 recapitalisation period. Findings This study revealed that government directives significantly shape banks regulations and strategy; accordingly, any state-directed policies must be communicated cautiously, well explained and implemented to reduce any negative consequences. Originality/value This study makes a significant contribution to knowledge by exploring how directives (arbitrary) of regulatory bodies can influence the business as well as its other stakeholders (such as the depositors, public, among others). Secondly, the study highlights how the delays in government support may not derive the benefits expected by the regulator.

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Section: Results and Findingssupporting

confidence: 87%

Section: Literature Reviewmentioning

confidence: 99%

Is recapitalisation regulation a disrupter? Survival and sustainability of indigenous Ghanaian banks

Takyi

Naidoo

2022

QRFM

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“…It is widely acknowledged that mutual banks belong to a specific category of banks. As a consequence, it seems reasonable to check whether they mostly suffered competition from other mutual banks (See, among others, Angelini, Di Salvo, and Ferri, 1998; Cannari and Signorini, 1997; Demma, 2015; Draghi, 2009; Stefani et al 2016). To this aim, we re‐estimate the model after having replaced the distance from all competitors with that from other mutual banks.…”

Section: Resultsmentioning

confidence: 99%

The geography of banking: Evidence from branch closings

Galardo¹,

Garrì

Mistrulli

et al. 2020

Economic Notes

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In the aftermath of the Great Recession, the number of bank branches declined in most developed countries. In this paper, we investigate how banks have downsized their branch networks in Italy, by comparing the pre‐ and post‐crisis spatial distribution of branches. By using a detailed data set that includes a wide set of controls for the characteristics of each bank branch, we estimate the probability of a branch being closed as a function of its distance from both proprietary and competitors' branches. We find that banks are more prone to close branches in those areas where other proprietary branches are closer and where competitors' branches are closer. This indicates that, since the start of the crisis, banks have closed branches especially in those areas where their proprietary network was relatively more populated and the competition was fiercer.

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“…We also estimate the model by controlling for other additional banking sector characteristics that could influence firms' capacity to access credit. Between 2007 and 2013 (the two reference years taken into account in our analysis), firms' credit growth rates were higher for local banks, which are mainly represented by mutual banks (Stefani et al, 2016). The more favorable credit dynamics for these kinds of banks could be associated to their business model, more oriented to relationship lending that, during the double deep recession hitting Italy in that period, led banks to provide a steadier flow of credit to those firms they established a closer relation with (Gobbi & Sette, 2012).…”

Section: Robustnessmentioning

confidence: 99%

Urbanization and firm access to credit

Carmignani

Blasio

Demma

et al. 2021

Journal of Regional Science

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The paper investigates whether firms have better access to bank credit in territories characterized by a larger degree of urbanization. It uses Italian bank-firm data drawn from the Credit Register to devise an indicator of easiness of access to credit. The paper proposes an instrumental variable strategy that exploits as instruments past population density and urbanization driven by political economy considerations. The results show that urbanization positively affects access to credit for construction firms, whose collateral greatly benefits from thicker real estate markets.No impact is found for service and manufacturing firms.

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Le Banche Locali E Il Finanziamento Dei Territori: Evidenze Per LLItalia (2007-2014) (When Local Banks Lend to Local Communities: Evidence from Italy (2007-2014))

Cited by 11 publications

References 10 publications

Is recapitalisation regulation a disrupter? Survival and sustainability of indigenous Ghanaian banks

Is recapitalisation regulation a disrupter? Survival and sustainability of indigenous Ghanaian banks

The geography of banking: Evidence from branch closings

Urbanization and firm access to credit

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