the efficiency and credit risk. The first of this aspects is based on the incentive to the banks to reduce cost in order … analyzed the effects of competition on the efficiency of banking systems without considering these aspects. The few studies … that attempt to obtainrisk adjusted efficiency measures do not consider that part of the risk is due to exogenous …

Hypothesis testing and statistical precision in the context of nonparametric efficiency and productivity measurement … noticeable in the case of banking efficiency studies, where the literature is immense. In this paper, we explore productivity … growth and productive efficiency for Spanish savings banks over the (initial) post-deregulation period 1992?1998 using Data …

This study analyzes the links between efficiency and the decentralization of competencies among Spanish local … municipalities were conferred on more competencies. In addition, the likely efficiency gains from enhanceddecentralization increase …

Over the last decade, the Spanish banking sector has undergone a radical structural change. The old bank statu quo has … data panel and with the aim of checking on the possibility that each firm has a particular level of efficiency -captured by …

. Three different stochastic measures of efficiency are used (based on three alternative distributional assumptions for …" hypothesis since, even though efficiency is the main determinant of profitability, market power (as reflected in a market share … variable), also affects profitability. The results obtained also show that market share is an inadequate proxy for efficiency …