tailieunhanh - Market structure, efficiency and profitability in the Italian banking sector

In this paper we investigate the relationship between market structure and profitability for the Italian banking industry over the period 1999-2016, taking into account also banks’ efficiency. Our empirical results provide support to the ‘efficient-structure’ hypothesis, while market structure variables – and the related noticeable concentration process of the last decades – seem not to have affected banks’ returns. | Market structure, efficiency and profitability in the Italian banking sector

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