A survival analysis of de novo co-operative credit banks

被引：13

作者：

Maggiolini, P

Mistrulli, PE

机构：

[1] Fondo Garanzia Depositanti Credito Cooper, I-00184 Rome, Italy

[2] Banca Italia Dept Res, I-00184 Rome, Italy

来源：

EMPIRICAL ECONOMICS | 2005年 / 30卷 / 02期

关键词：

survival analysis; split-population model; bank failure; co-operative banks;

D O I：

10.1007/s00181-005-0237-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper studies the features of de novo Co-operative Credit Banks (CCBs) established in Italy during the 1990s. It shows that de novo CCBs in the start-up period are endowed with a higher default risk than long-run incumbent CCBs. Split-population duration models distiguish the determinants of duration and probability of default. The focus is on those determinants related to market structure. We find that duration is positively related to the market share of large banks. Conversely, duration is higher when there are no incumbent CCBs in the same market. Survival probability is directly related to the local level of GDP.

引用

页码：359 / 378

页数：20

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