Judicial Reform and Banks Credit Risk Exposure*

IF 1.5 3区 经济学 Q2 ECONOMICS
Giulia Canzian, Antonella Rita Ferrara
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引用次数: 0

Abstract

The aim of this paper is to examine the impact of the Judicial System Reform, which was introduced in Italy in 2012, on the efficiency of the judicial system and the exposure of banks to credit risk in terms of Non-performing loans. To this end, we apply a difference-in-differences approach, using a dataset that covers annual judicial proceedings from 2010 to 2017, supplemented by bank balance sheet data. Our findings indicate that the reform had a detrimental effect on both judicial efficiency and the NPL ratio. The negative impact is especially pronounced in courts that were previously more efficient, suggesting that the court mergers may have resulted in diseconomies of scale.

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来源期刊
Oxford Bulletin of Economics and Statistics
Oxford Bulletin of Economics and Statistics 管理科学-统计学与概率论
CiteScore
5.10
自引率
0.00%
发文量
54
审稿时长
>12 weeks
期刊介绍: Whilst the Oxford Bulletin of Economics and Statistics publishes papers in all areas of applied economics, emphasis is placed on the practical importance, theoretical interest and policy-relevance of their substantive results, as well as on the methodology and technical competence of the research. Contributions on the topical issues of economic policy and the testing of currently controversial economic theories are encouraged, as well as more empirical research on both developed and developing countries.
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