Autori
Calcagnini, Giorgio
Hester, Donald D.
De Bonis, Riccardo

Titolo
Competition through innovation : ATMs in Italian banks
Periodico
Rivista italiana degli economisti
Anno: 2001 - Volume: 6 - Fascicolo: 3 - Pagina iniziale: 359 - Pagina finale: 381

This paper reports results from a study of location, ownership, and acquisitions of automated teller machines (ATMs) by a sample of large Italian banks between 1991 and 1995. The sample banks had 85% of Italian banking assets. Data are collected at the provincial level for each bank. The underlying model is recursive; a bank is presumed to make branching decisions (analyzed in a separate paper) and then, conditional on branching decisions, decisions about ATMs. Several sets of cross-sectional data are studied using OLS and Tobit models yielding the following results: 1) The logarithm of ATMs in a province is related positively to the logarithms of interest-bearing deposits and GDP and negatively to the logarithm of population, as was predicted from a variation of Baumol's transactions demand for cash model; 2) The number of a bank's ATMs in a province is related positively to the numbers of its branches and deposit accounts, a province's per capita GDP, the bank's deposits, and the bank's number of employees per branch in the province and negatively to the bank's share of a province's branches; 3) Changes in a bank's ATMs in a province are positively related to changes in the number of its branches and those of competitors; and 4) Concentration indices of ATMs, branches, deposits, and loans decreased at the provincial level between 1991 and 1995.



SICI: 1593-8662(2001)6:3<359:CTI:AI>2.0.ZU;2-T
Testo completo: http://www.mulino.it/ws/rwDirectDownload.php?doi=10.1427/3699
Testo completo alternativo: http://www.mulino.it/rivisteweb/scheda_articolo.php?id_articolo=3699

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