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دسته بندی:
بانکداری - Banking
سال انتشار:
2017
عنوان انگلیسی مقاله:
Bank efficiency and industry growth during financial crises
ترجمه فارسی عنوان مقاله:
بهره وری بانک و رشد صنعت در طی بحران های مالی
منبع:
Sciencedirect - Elsevier - Economic Modelling,Corrected proof,doi:10.1016/j.econmod.2017.03.011
نویسنده:
Boubacar Diallo
چکیده انگلیسی:
Financial crises pose many problems for growth, and in this time of increasing financial instability it is
important to fully understand why this happens. Many papers have analyzed the relationship between growth
and a countrys level of financial development using private credit, which leads to several unexpected problems.
However, very few have used bank efficiency to gauge the development of the financial sector. The aim of this
paper is to analyze the effect of bank efficiency on value-added growth of industries that were most dependent
on external financing during the financial crisis. Specifically, it uses the data envelopment analysis (DEA)
method to measure the efficiency of the banking sector across countries, according to the empirical strategy
offered by Rajan and Zingales (1998). Our main result shows that bank efficiency relaxed credit constraints and
increased the growth rate for financially dependent industries during the crisis. This finding shows the great but
overlooked importance of bank efficiency in mitigating the negative effects of financial crises on growth for
industries that are most dependent on external financing.
Keywords: Bank efficiency | Financial dependence | Growth | Financial friction | Banking crises
قیمت: رایگان
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