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- Title
SOCIAL CAPITAL AND BANK PERFORMANCE: AN INTERNATIONAL COMPARISON FOR OECD COUNTRIES.
- Authors
PASTOR, JOSÉ MANUEL; TORTOSA-AUSINA, EMILI
- Abstract
Over the last few years the literature on social capital and bank efficiency analysis has expanded rapidly. We merge them by analysing how social capital affects bank efficiency in OECD countries. We use activity analysis techniques to measure efficiency, and social capital, which is related to the concept of generalized trust, is considered an environmental variable. Results suggest that the effect of social capital is more relevant for those financial institutions operating in low-social-capital environments. In these cases, inefficiencies are biased upwards, and controlling for social capital enables these banks to move up in the efficiency rankings.
- Subjects
OECD countries; INFRASTRUCTURE (Economics); BANKING industry; PERFORMANCE; FINANCIAL services industry; BANK mergers; FINANCIAL institutions; INDUSTRIAL efficiency
- Publication
Manchester School (1463-6786), 2008, Vol 76, Issue 2, p223
- ISSN
1463-6786
- Publication type
Article
- DOI
10.1111/j.1467-9957.2007.01058.x