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Bank Holding Companies (BHCs) have been diversifying their businesses increasingly among banking, securities and … formation of financial holding companies after the Gramm–Leach–Bliley Act (GLBA, 1999). This study examines whether BHC … diversification is associated with improvement or detriment in its production efficiency. We apply the Data Envelopment Analysis (DEA …
Persistent link: https://www.econbiz.de/10013006304
The vast majority of the efficiency and productivity measurement literature has been based on the static viewpoint of … Factor Productivity growth has predominantly been based on static efficiency specifications. This di... … the firm. Few studies have developed the dynamic analog of static efficiency measurement, introducing the notions of long …
Persistent link: https://www.econbiz.de/10012504611
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We use the concept of coarsened posteriors to provide robust Bayesian inference via coarsening in order to robustify posteriors arising from stochastic frontier models. These posteriors arise from tempered versions of the likelihood when at most a pre-specified amount of data is used, and are...
Persistent link: https://www.econbiz.de/10012171282
This paper applies a data envelopment analysis (DEA) to study the efficiency and productivity changes in the Swiss … cantonal bank sector in the period 2006-2014. The efficiency analysis is conducted by applying the production input … stage of the efficiency analysis, the environmental factors influencing the productivity growth are analysed by conducting a …
Persistent link: https://www.econbiz.de/10012844654
The purpose of this paper is to examine whether the stock performance of EU listed banks is related to their efficiency … analysis to estimate the cost and profit efficiency of banks, while controlling for environmental factors. Then, we investigate … if changes in profit and cost efficiency are reflected in changes in stock prices. Our results indicate that the change …
Persistent link: https://www.econbiz.de/10013147796
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We develop a general equilibrium model to study the historical contribution of TFP news to the U.S. business cycle. Hiring frictions provide incentives for firms to start hiring ahead of an anticipated improvement in technology. For plausibly calibrated hiring costs, employment gradually rises...
Persistent link: https://www.econbiz.de/10011822212
Most often, the competition authorities approve combinations based on the tradeoff between the expected efficiency … efficiency gains are actually achieved by the firms entering into consolidation in India, which experienced large number of … efficiency of the firms involved in mergers and acquisitions, separately for cross-border and domestic deals. …
Persistent link: https://www.econbiz.de/10010529467