@misc{10481/31462, year = {2005}, url = {http://hdl.handle.net/10481/31462}, abstract = {Financial innovation and technology affect bank cost, revenue and profits. Most of the previous empirical studies have not found significant cost, profit or revenue scope economies or output pair complementarities either between traditional and non-traditional banking products or between traditional activities themselves. We study scope economies and output pair complementarities in a ‘broad banking’ environment: the Spanish banking sector. The results indicate that after including off-balance sheet business in the output mix, cost and profit scope economies rise and are statistically significant. Besides, consumer valuation of financial services is only detected when the off-balance sheet business is added to the output definition.}, organization = {Financial support from MCYT and FEDER, SEC2002-00348 are acknowledged and appreciated. Santiago Carbó also acknowledges financial support from the “Ayudas a la Investigación en las áreas de Economía, la Demografía y Estudios de Población y los Estudios Europeos” of the Fundación BBVA in the project “Integración, competencia y eficiencia en los mercados financieros europeos”.}, publisher = {Universidad de Granada. Departamento de Teoría e Historia Económica}, keywords = {Banking}, keywords = {Scope economies}, keywords = {Off-balance sheet}, title = {New evidence of scope economies among lending, deposit-taking, loan commitments and mutual fund activities}, author = {Carbó Valverde, Santiago and Rodríguez Fernández, Francisco}, }