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Anderloni Luisa (Università degli Studi di Milano, Italy), Vandone Daniela (Università degli Studi di Milano, Italy)
Consumer credit companies in Europe : an empirical analysis of their profitability
Journal of Management and Financial Sciences, 2010, vol. 3, nr 4, s. 110-134, tab., bibliogr. 48 poz.
Słowa kluczowe
Kredyt konsumpcyjny, Instytucje kredytowe
Consumer credit, Credit institution
summ., aneks
This paper focuses on the profitability of the consumer credit industry in Europe. Using consumer credit companies' financial statement data, we investigate the effect of firm-specific and market-specific factors on the profitability of a sample of French, German, Italian and Spanish consumer credit companies over the period 2005-07. Results highlight that, among firm-level determinants, diversification of products and services within lending to households is the most influential driver of profit. With regards to market-specific factors, the profitability of consumer credit companies is positively affected by the size of the market, and negatively determined by the level of household debt burden. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Katowicach
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Biblioteka Główna Uniwersytetu Ekonomicznego we Wrocławiu
Pełny tekst
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