This paper presents an optimal business model configuration for public financial intermediaries (PFIs). Using nonparametric techniques on Italian public financial corporations, the most efficient business models combined asset diversification and income specialization. These business models were unaffected by external financial turmoil, due to weak connections between PFIs and the traditional financial circuit; and public–private ownership is more efficient than purely public ownership, regardless of the business model adopted.

Business models in the search for efficiency: the case of public financial intermediaries

Santandrea, Martina;Agasisti, Tommaso;Giorgino, Marco;Patrucco, Andrea S.
2018

Abstract

This paper presents an optimal business model configuration for public financial intermediaries (PFIs). Using nonparametric techniques on Italian public financial corporations, the most efficient business models combined asset diversification and income specialization. These business models were unaffected by external financial turmoil, due to weak connections between PFIs and the traditional financial circuit; and public–private ownership is more efficient than purely public ownership, regardless of the business model adopted.
Business model; public financial corporation; technical efficiency; Business, Management and Accounting (all); Sociology and Political Science; Public Administration
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11311/1040820
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