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

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

Research output: Contribution to journalArticle

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.

Original languageEnglish (US)
Pages (from-to)234-243
Number of pages10
JournalPublic Money and Management
Volume38
Issue number3
DOIs
StatePublished - Apr 16 2018

All Science Journal Classification (ASJC) codes

  • Business, Management and Accounting(all)
  • Sociology and Political Science
  • Public Administration

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