The impact of Brexit on bank efficiency : evidence from UK and Ireland
Ver/ Abrir
Registro completo
Mostrar el registro completo DCFecha
2020Derechos
© 2020 This manuscript version is made available under the CC-BY-NC-ND 4.0 license
Publicado en
Finance Research Letters, Volume 36, October 2020, 101338
Editorial
Elsevier
Enlace a la publicación
Palabras clave
Brexit
Bank efficiency
SFA
UK
Ireland
Resumen/Abstract
ABSTRACT: The withdrawal of the United Kingdom (UK) from the European Union (EU) opens an unprecedented scenario for the UK and EU economy. One of the sensitive points concerns the banking sector. This paper considers the impact of the Brexit referendum on the bank efficiency. Using stochastic frontier analysis (SFA) methods, an input-oriented distance function was estimated for 56 British and Ireland leading banks over the 2007 to 2016 period. Results suggest that the uncertainty created by the 2016 referendum has negatively influenced the banking sector. The loss of efficiency is estimated in 5.6% for UK banks and 3.7% for Ireland banks.
Colecciones a las que pertenece
- D10 Artículos [583]