Year: 2006
Type: article
Abstract: This study investigates whether the use of derivatives by banks in Latin America affect their efficiency. Overall, and in line with theory, the results indicate that the use of derivatives increases the efficiency of Latin American banks. Additionally, we find that as Latin American banks get larger their efficiency levels increases. Lastly, the results show that regulatory and institutional constraints negatively affect the efficiency of Latin American banks.
Authors: Andres Rivas, Teofilo Ozuna, Felice Policastro
Institutions: Texas A&M International University, Gardner–Webb University
Language: English
Subfield: Finance
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2115813012