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dc.contributor.authorMatousek, Roman
dc.contributor.authorRughoo, Aarti
dc.contributor.authorSarantis, Nicholas
dc.contributor.authorAssaf, A.George
dc.date.accessioned2015-03-25T11:33:40Z
dc.date.available2015-03-25T11:33:40Z
dc.date.issued2015-03-01
dc.identifier.citationMatousek , R , Rughoo , A , Sarantis , N & Assaf , A G 2015 , ' Bank performance and convergence during the financial crisis : Evidence from the ‘old’ European Union and Eurozone ' , Journal of Banking and Finance , vol. 52 , pp. 208-216 . https://doi.org/10.1016/j.jbankfin.2014.08.012
dc.identifier.issn0378-4266
dc.identifier.otherPURE: 8258009
dc.identifier.otherPURE UUID: d81c86f1-a174-4f76-8371-3122be194877
dc.identifier.otherScopus: 85028131502
dc.identifier.urihttp://hdl.handle.net/2299/15716
dc.descriptionThis is the accepted manuscript version of the following article: Roman Matousek, Aarti Rughoo, Nicholas Sarantis, and A. George Assaf, ‘Bank performance and convergence during the financial crisis: Evidence from the ‘old’ European Union and Eurozone’, Journal of Banking and Finance, Vol 52, pp 208-216, first published online August 27, 2014. The version of record is available online via doi: http://dx.doi.org/10.1016/j.jbankfin.2014.08.012 Published by Elsevier. Copyright © 2014 Elsevier B.V. All rights reserved.
dc.description.abstractThis paper investigates the process of banking integration in the EU15 countries and the Eurozone by testing for convergence in bank efficiency among commercial banks. We use a two-step approach: First we estimate efficiency by applying an innovative methodological approach that treats banks’ non-performing loans as an undesirable output. Second, we apply the Phillips and Sul (2007) panel convergence methodology to assess the convergence process in European banking. Our results indicate an overall decline in efficiency and no evidence of group convergence following the financial crisis. However, we find the presence of club formation with typically weak convergence. The heterogeneity displayed by the transition parameters for the individual countries and the notable decrease in competition levels post 2008 highlight the impact of the financial crisis on the integration process.en
dc.language.isoeng
dc.relation.ispartofJournal of Banking and Finance
dc.subjectBanking efficiency
dc.subjectconvergence
dc.titleBank performance and convergence during the financial crisis : Evidence from the ‘old’ European Union and Eurozoneen
dc.contributor.institutionHertfordshire Business School
dc.contributor.institutionSocial Sciences, Arts & Humanities Research Institute
dc.contributor.institutionDepartment of Accounting, Finance and Economics
dc.description.statusPeer reviewed
dc.date.embargoedUntil2016-02-27
rioxxterms.versionAM
rioxxterms.versionofrecordhttps://doi.org/10.1016/j.jbankfin.2014.08.012
rioxxterms.typeJournal Article/Review
herts.preservation.rarelyaccessedtrue


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