Publicação
The early days of neobanks in Europe: identification, performance, and riskiness
| dc.contributor.author | Citterio, Alberto | |
| dc.contributor.author | Marques, Bernardo P. | |
| dc.contributor.author | Tanda, Alessandra | |
| dc.date.accessioned | 2024-07-15T16:08:20Z | |
| dc.date.available | 2024-07-15T16:08:20Z | |
| dc.date.issued | 2025-10-01 | |
| dc.description.abstract | This paper identifies banks born with a digital business model (‘neobanks’) and examines their performance and riskiness vis-à-vis traditional peers. We propose a novel approach to identify neobanks, based on non-financial hand-collected data, and identify 65 neobanks operating in Europe. We show that neobanks perform worse than their traditional peers, while recording a similar level of risk. Namely, neobanks charge higher interest income, record higher impairment charges, and face higher non-staff expenses. Further analysis suggests the presence of economies of scale and scope in digital banking. Our findings are robust to endogeneity concerns and changes to our baseline specification. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.doi | 10.1007/s10693-024-00433-x | pt_PT |
| dc.identifier.eid | 85197522661 | |
| dc.identifier.issn | 0920-8550 | |
| dc.identifier.uri | http://hdl.handle.net/10400.14/45776 | |
| dc.identifier.wos | 001262199200001 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | pt_PT |
| dc.subject | Bank performance | pt_PT |
| dc.subject | Business models | pt_PT |
| dc.subject | Digital banks | pt_PT |
| dc.subject | Neobanks | pt_PT |
| dc.title | The early days of neobanks in Europe: identification, performance, and riskiness | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 199 | |
| oaire.citation.issue | 2 | |
| oaire.citation.startPage | 153 | |
| oaire.citation.title | Journal of Financial Services Research | pt_PT |
| oaire.citation.volume | 68 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |