University of Essex

Academic Staff

Professor Claudia Girardone

Position in departmentDirector of the Essex Finance Centre

Associate Research Director

Personal Tutor
Staff position
Professor of Banking and Finance

Emailcgirard@essex.ac.uk
Telephone01206 874156
RoomEBS 3.18 (Colchester Campus)
Office hoursSummer 2016

By appointment only.

Check this page regularly for updates and changes.
Qualifications

BA (Genoa, Italy); MA; PhD (Bangor, Wales)

Research interests

  • Modelling efficiency and productivity of financial institutions
  • Integration in banking and financial markets
  • SMEs finance
  • Structure and performance in European and Latin American Banking
  • Competition issues in banking
  • Bank corporate governance

Teaching responsibilities
  • BE300 Quantitative Methods and Finance
  • BE632 International Banking
  • BE650 Modern Banking

Publications

BOOKS

Introduction to Banking (2015), FT Prentice Hall, Pearson Education, 2nd Edition, Harlow, England (with B. Casu and P. Molyneux) (1st edition 2006).

Contemporary Issues in Financial Institutions and Markets (2014), Volume 2, Routledge (with J.O.S. Wilson and P. Hamill, eds). 

 

FORTHCOMING

"Integration, Productivity and Technological Spillovers: Evidence for Eurozone Banking Industries" European Journal of Operational Research (with B. Casu, A. Ferrari and J.O.S. Wilson).

"Banking in Italy", in Beck T. and B. Casu (eds) Handbook of European Banking. Palgrave MacMillan (with E. Beccalli).

 

PUBLISHED PAPERS

"Double Bootstrap Confidence Intervals in the Two Stage DEA Approach" (2015) Journal of Times Series Analysis, Vol. 36, No. 5, pp.653-662 (with D.K. Chronopoulos and J.C. Nankervis).

"Diversification, Multimarket Contacts and Profits in the Leasing Industry" (2014) Journal of International Financial Markets, Institutions and Money, Vol. 31, pp. 231-252 (with M. Degl'Innocenti and G. Torluccio).

"Contemporary Issues in Financial Markets and Institutions" (2013) Editorial, The European Journal of Finance, Vol. 19, No. 9, pp. 811-814 (with J.O.S. Wilson and P. Hamill).

"How Do Stock Markets in the US and Europe Price Efficiency Gains from Bank M&As?" (2013) Journal of Financial Services Research, Vol. 43, No. 3, pp. 243-263 (with D.K. Chronopoulous and J.C. Nankervis).

"Financial Freedom and Bank Efficiency: Evidence from Europe" (2013) Journal of Banking and Finance, Vol. 37, No. 4, pp. 1223-1231 (with G.E. Chortareas and A. Ventouri). 

"Competition, Efficiency and Interest Rate Margins in Latin American Banking" (2012) International Review of Financial Analysis, Vol. 24, pp. 93-103 (with G.E. Chortareas and J.G. Garza-Garcia).

“Is There a Conflict Between Competition and Financial Stability?” (2012)  in J.R. Barth, C. Lin and C. Wihlborg (Eds), International Research Handbook on Banking and Governance, Edward Elgar Publishing, Inc. (with B. Casu and P. Molyneux). Book chapter.

"Bank Supervision, Regulation, and Efficiency: Evidence from the European Union" (2012) Journal of Financial Stability, Vol. 8, No. 4, pp. 292-302 (with G.E. Chortareas and A. Ventouri)

"Ownership Structures and Cost Advantages: Evidence from the Italian Leasing Industry" (2012) Journal of International Financial Markets Institutions and Money, Vol. 22, No. 4, pp. 879-896 (with M. Degl'Innocenti).

"Efficiency and Risk-Taking in Pre-Crisis Investment Banks" (2012) Journal of Financial Services Research, Vol. 41, No. 1-2, pp. 81-101 (with N. Radic and F. Fiordelisi).

“Are there Any Cost and Profit Efficiency Gains in Financial Conglomeration? Evidence from Accession Countries" (2011) The European Journal of Finance, Vol. 17, No. 8, pp. 603-621 (with D.K. Chronopoulos and J.C. Nankervis).

"Project Finance Loan Spreads and Disaggregated Political Risk" (2011) Applied Financial Economics, Vol. 21, No. 23. pp. 1725-1734 (with S. Snaith).

“Financial Deepening and Bank Productivity in Latin America” (2011) The European Journal of Finance, Vol. 17, No. 9-10. pp. 811-827 (with G.E. Chortareas and J.G. Garza-Garcia).

“Financial Frictions, Efficiency and Risk: Evidence from the Euro Zone” (2011) Journal of Business, Finance and Accounting,  Vol. 38, No. 1-2. pp. 259-287 (with G.E. Chortareas and A. Ventouri).

“Banking Sector Performance in Latin America: Market Power versus Efficiency” (2011) Review of Development Economics, Vol. 15, No. 2, pp. 307-325 (with G.E. Chortareas and J.G. Garza-Garcia).

"Emerging Themes in Banking: Recent Literature and Directions for Future Research" (2010) British Accounting Review, Vol. 42, No.3, pp. 153-169 (with J.O.S. Wilson, B. Casu and P. Molyneux).

“Integration and Efficiency Convergence in EU Banking Markets" (2010) Omega, The International Journal of Management Science, Vol. 38, No. 5-6, pp. 260-267 (with B. Casu).

“Testing the Relationship Between Competition and Efficiency in Banking: A Panel Data Analysis” (2009) Economics Letters, Vol. 105, No. 1, pp. 134-137 (with B. Casu).

“Efficiency and Productivity of Greek Banks in the EMU Era” (2009) Applied Financial Economics, Vol. 19, No. 16, pp. 1317-1328 (with G.E. Chortareas and A. Ventouri).

“Competition Issues in European Banking” (2009) Journal of Financial Regulation and Compliance, Vol. 17, No. 2, pp. 119-133 (with B. Casu).

“Efficiency Ownership and Financial Structures in EU Banking: A Cross-Country Comparison” (2009) Managerial Finance, Vol 35, No. 3, pp. 227-245 (with E.F. Velentza and J.C. Nankervis).

“Market Structure, Profits and Spreads in the Mexican Banking Industry" (2009) Banks and Bank Systems, Vol. 4, No. 3, pp. 43-52 (with G.E. Chortareas and J.G. Garza-Garcia).

“Efficiency Across Alternative Financial Structures, Bank Types and Size Classes: A Comparison of OECD Countries (2008) International Journal of Banking, Accounting and Finance, Vol. 1, No. 2, pp. 168-188 (with E.F. Velentza and J.C. Nankervis).

“Bank Competition, Concentration and Efficiency in the Single European Market” (2006) The Manchester School, Vol. 74, No. 4, pp. 441-468 (with B. Casu).

“Efficiency and Stock Performance in European Banking” (2006) Journal of Business, Finance and Accounting, Vol. 33, No. 1-2, pp. 245-262 (with E. Beccalli and B. Casu).

“An Analysis of the Relevance of OBS Items in Explaining Productivity Change in European Banking” (2005) Applied Financial Economics, Vol. 15, No. 15, pp. 1053-1061 (with B. Casu).

“Multinationality Matters in Innovation: The Case of the UK Financial Services” (2005) Industry and Innovation, Vol. 12, No. 28, pp. 65-92 (with M. Frenz and G. Ietto-Gillies)

“Productivity Change in Banking: A Comparison of Parametric and Non-Parametric Approaches” (2004) Journal of Banking and Finance, Vol. 28, No. 10, pp. 2521-2540 (with B. Casu and P. Molyneux).

“Analysing the Determinants of Bank Efficiency: The Case of Italian Banks” (2004) Applied Economics, Vol. 36, No. 3, pp. 215-227 (with P. Molyneux and E.P.M. Gardener).

“Financial Conglomerates: Strategic Drive and Impact on Bank Efficiency and Productivity” (2004), Applied Financial Economics, Vol. 14, No. 10, pp. 687-696 (with B. Casu).

“Large Banks’ Efficiency in the Single European Market” (2004) The Services Industries Journal, Vol.24, No.6, pp. 129-142 (with B. Casu).

“A Comparative Study of the Cost Efficiency of Italian Bank Conglomerates” (2002) Managerial Finance, Vol. 28, No. 9, pp. 3-23 (with B. Casu).

 

Conferences/presentations

2015

• Annual Conference of the European Association of University Professors in Banking and Finance ('Wolpertinger’ conference) University of Granada, Spain, September 3-6.

• British Accounting and Finance Association (BAFA), The University of Manchester, 23-25 March.

• Seminars (Invited)  "Bank Capital and Profitability: An International Perspective", King's College, 5 March; University of Kent, 10 March; University of Glasgow, 11 March.

2014

• 4th Emerging Scholars in Banking and Finance Conference 2014, Cass Business School, 8-9 December (member of scientific committee and session chair).
• “Bank Leverage: the Policy Issues” MMF conference, London Queen Mary, 7 November (Invited). 
• “Vulnerability, Crisis and Reform: Trends and Challenges in UK Banking”, Bite-sized lecture, 50th Anniversary of the University of Essex, 10 September.
• Annual Conference of the European Association of University Professors in Banking and Finance ('Wolpertinger’ conference) Catholic University of Milan, September 3-6.

• British Accounting and Finance Association (BAFA), London School of Economics, 13-15 April.

• Seminar "Pay for No Performance? Executive Pay and Performance in EU banks", University College Dublin, 20 March (Invited); ICMA centre, University of Reading, 5 March (Invited).

2013

• XXII International Conference on Money, Banking and Finance, Luiss Guido Carli, Rome 12-13 December.

• "Is Banking a Phoenix?" International workshop of the Financial Intermediation Network of European Studies (FINEST), Associazione Bancaria Italiana and University of Rome III, 11 December.

• Seminar "Market Conditions and Soundness: Islamic and Conventional Banks in the Middle East and North Africa", University of Sussex, 26 November (Invited).

• Annual Conference of the European Association of University Professors in Banking and Finance ('Wolpertinger’ conference) Gothenburg, September.

• International Conference on the Global Financial Crisis, University of Southampton, 25-26 April.

• Seminar "Multimarket Contacts, Profits and Market Power: Evidence from Leasing", Catholic University of Milan, 12 April (Invited).

 

Additional information


EDITORIAL BOARDS

Journal of Banking and Finance (2013-)

The European Journal of Finance (2011-)

Journal of Financial Economic Policy (2011-)

International Journal of Banking, Accounting and Finance (2007-)

Journal of Money, Investment and Banking (2007-)


REFEREEING FOR JOURNALS 

Applied Financial Economics; Banca, Impresa e Societa’; Borsa Istanbul Review; Ekonomia; Emerging Markets, Finance and Trade; European Economic Review; European Journal of Finance; European Journal of Operational Research; Financial Markets, Institutions and Instruments; Frontiers in Finance and Economics; International Journal of Banking, Finance and Accounting; International Journal of Business and Economics; International Transactions in Operational Research; Journal of Applied Economics; Journal of Asian Economics; Journal of Business, Finance and Accounting; Journal of Economic Studies; Journal of Economics and Business; Journal of Financial Stability; Journal of Industry, Competition and Trade; Journal of Islamic Accounting and Business Research; Journal of Money Credit and Banking; Journal of Multinational Financial Management; Journal of Productivity Analysis; Quantitative Finance; Omega, The International Journal of Management Science; Pacific-Basin Finance Journal; Research in Accounting in Emerging Economies; Review of International Economics; World Journal of Financial Management.

I have acted as project evaluator for the ESRC (once) and Leverhulme (once).


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