Cost efficiency of the banking industry in the South Eastern European region
This paper analyses cost efficiency in the banking sector of six South Eastern European countries over the period 1998-2003. A stochastic frontier approach, incorporating firm-specific and country-related variables, indicates a generally low level of cost efficiency, with significant inefficiency differences among countries. Foreign banks and banks with higher foreign bank ownership involvement are associated with lower inefficiency. Furthermore, we observe a negative correlation of cost inefficiency with bank capitalization and firm market share, and a positive one with the fraction of loans in the asset portfolio.
Year of publication: |
2008
|
---|---|
Authors: | Staikouras, Christos ; Mamatzakis, Emmanuel ; Koutsomanoli-Filippaki, Anastasia |
Published in: |
Journal of International Financial Markets, Institutions and Money. - Elsevier, ISSN 1042-4431. - Vol. 18.2008, 5, p. 483-497
|
Publisher: |
Elsevier |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Banking inefficiency in Central and Eastern European countries under a quadratic loss function
Koutsomanoli-Filippaki, Anastasia, (2009)
-
Structural reforms and banking efficiency in the new EU States
Koutsomanoli-Filippaki, Anastasia, (2009)
-
Bank efficiency in the new European Union member states: Is there convergence?
Mamatzakis, Emmanuel, (2008)
- More ...