Optimal level of state ownership in banks: prevention measure versus emergency action—evidence from the new millennia,Annals of Operations Research

当前位置： X-MOL 学术 › Ann. Oper. Res. › 论文详情

Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)

Optimal level of state ownership in banks: prevention measure versus emergency action—evidence from the new millennia
Annals of Operations Research ( IF 4.4 ) Pub Date : 2021-05-26 , DOI: 10.1007/s10479-021-04085-1
Emilios Galariotis , Iordanis Kalaitzoglou , Jacek Niklewski , Constantin Zopounidis

Previous literature is rather inconclusive concerning the impact of state ownership on banks. We report that its overall impact is not monotonic as it has so far been implicitly assumed, and that it depends on a contemporaneous conflicting impact on risk and financial performance. This suggests the existence of an optimal level, which we investigate by comparing the relative “overall performance” and efficiency of the institutions. We show that a minimal presence, as opposed to no state ownership can improve performance and efficiency, reduce the likelihood of a bailout, while it is less costly compared to capital injections.

更新日期：2021-05-26

点击分享查看原文

点击收藏

阅读更多本刊最新论文本刊介绍/投稿指南11