欧洲新银行的早期发展:识别、业绩和风险性

IF 1.5 4区 经济学 Q3 BUSINESS, FINANCE
Alberto Citterio, Bernardo P. Marques, Alessandra Tanda
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引用次数: 0

摘要

本文识别了以数字业务模式诞生的银行("新银行"),并研究了它们相对于传统同业的表现和风险。我们基于手工收集的非财务数据,提出了一种识别新银行的新方法,并识别出 65 家在欧洲运营的新银行。我们的研究表明,新银行的业绩比传统银行差,但风险水平却与传统银行类似。也就是说,新银行的利息收入更高,减值费用更高,非员工支出也更高。进一步的分析表明,数字银行存在规模经济和范围经济。我们的研究结果不受内生性问题的影响,也不受基线规格变化的影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。

The Early Days of Neobanks in Europe: Identification, Performance, and Riskiness

The Early Days of Neobanks in Europe: Identification, Performance, and Riskiness

This paper identifies banks born with a digital business model (‘neobanks’) and examines their performance and riskiness vis-à-vis traditional peers. We propose a novel approach to identify neobanks, based on non-financial hand-collected data, and identify 65 neobanks operating in Europe. We show that neobanks perform worse than their traditional peers, while recording a similar level of risk. Namely, neobanks charge higher interest income, record higher impairment charges, and face higher non-staff expenses. Further analysis suggests the presence of economies of scale and scope in digital banking. Our findings are robust to endogeneity concerns and changes to our baseline specification.

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来源期刊
CiteScore
3.00
自引率
7.10%
发文量
22
期刊介绍: The Journal of Financial Services Research publishes high quality empirical and theoretical research on the demand, supply, regulation, and pricing of financial services. Financial services are broadly defined to include banking, risk management, capital markets, mutual funds, insurance, venture capital, consumer and corporate finance, and the technologies used to produce, distribute, and regulate these services. Macro-financial policy issues, including comparative financial systems, the globalization of financial services, and the impact of these phenomena on economic growth and financial stability, are also within the JFSR’s scope of interest. The Journal seeks to promote research that enriches the profession’s understanding of financial services industries, to elevate industry and product efficiencies, as well as to inform the debate and promote the formulation of sound public policies.   Officially cited as: J Financ Serv Res
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