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Multilevel Empirics For Small Banks In Local Markets

Author

Listed:
  • Francesco Aiello
  • Graziella Bonanno

    (Dipartimento di Economia, Statistica e Finanza, Università della Calabria)

Abstract
Small banks are embedded in narrow markets and hence benefit from proximity to their customers. By referring to multilevel approach, this article evaluates how much the performance of Italian mutual cooperative banks is determined by geographical and individual characteristics. The effect of local markets explains 28.27% of bank heterogeneity in the empty multilevel model and 33% in the most extended model. Moreover, it is found that efficiency increases with market concentration and demand density but decreases with branching in local markets.

Suggested Citation

  • Francesco Aiello & Graziella Bonanno, 2016. "Multilevel Empirics For Small Banks In Local Markets," Working Papers 201611, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    • Handle: RePEc:clb:wpaper:201611
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    More about this item

    Keywords

    Multilevel model; Small banks; Local markets; Cost efficiency;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • R19 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Other

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