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dc.contributor.authorTziogkidis, Panagiotis
dc.contributor.authorPhilippas, D
dc.contributor.authorTsionas, MG
dc.date.accessioned2020-04-06T08:40:34Z
dc.date.available2020-04-06T08:40:34Z
dc.date.issued2020-05
dc.identifier.issn0167-2681
dc.identifier.issn1879-1751
dc.identifier.urihttp://hdl.handle.net/10026.1/15496
dc.description.abstract

The paper examines the behavioural patterns arising from the analysis of productivity and convergence in European banking, using a sample of commercial banks regulated by the Single Supervisory Mechanism, during 2011 to 2017. Productivity change and its decompositions is measured for each input and output dimension separately, using a variant of the multidirectional productivity analysis framework. We introduce a novel approach for testing for β-convergence in productivity, efficiency and technology, as well as in each dimension considered. We find strong evidence of absolute convergence during the period of study, suggesting that bank operations move towards a common frontier rather than local equilibria. Prior to the creation of the Single Supervisory Mechanism in 2013, conditional convergence is confirmed in many instances with respect to liquidity and capital adequacy, although few cases remain significant in the subsequent period. We conclude that regulatory controls have facilitated integration, though there are important implications arising that policymakers need to consider when designing policies.

dc.format.extent88-106
dc.languageen
dc.language.isoen
dc.publisherElsevier BV
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectMulti-directional productivity change
dc.subjectBeta convergence
dc.subjectEuropean banking
dc.subjectRegulation
dc.titleMultidirectional conditional convergence in European banking
dc.typejournal-article
dc.typeJournal Article
plymouth.author-urlhttps://www.webofscience.com/api/gateway?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000534065100005&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=11bb513d99f797142bcfeffcc58ea008
plymouth.volume173
plymouth.publication-statusPublished
plymouth.journalJournal of Economic Behavior & Organization
dc.identifier.doi10.1016/j.jebo.2020.03.013
plymouth.organisational-group/Plymouth
plymouth.organisational-group/Plymouth/Faculty of Arts, Humanities and Business
plymouth.organisational-group/Plymouth/Faculty of Science and Engineering
plymouth.organisational-group/Plymouth/Faculty of Science and Engineering/School of Engineering, Computing and Mathematics
plymouth.organisational-group/Plymouth/REF 2021 Researchers by UoA
plymouth.organisational-group/Plymouth/REF 2021 Researchers by UoA/UoA12 Engineering
plymouth.organisational-group/Plymouth/Users by role
plymouth.organisational-group/Plymouth/Users by role/Academics
dcterms.dateAccepted2020-03-11
dc.rights.embargodate2021-10-4
dc.identifier.eissn1879-1751
dc.rights.embargoperiodNot known
rioxxterms.versionofrecord10.1016/j.jebo.2020.03.013
rioxxterms.licenseref.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/
rioxxterms.licenseref.startdate2020-05
rioxxterms.typeJournal Article/Review


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