Mohanty, Sunil K.; Lin, Winston T.; Lin, Hong-Jen - In: Journal of International Financial Markets, … 26 (2013) C, pp. 77-90
We measure cost efficiency of commercial banks in Taiwan using annual data for the 1996–2011 period. Following Caudill et al. (1995), and Caudill and Ford (1993), we develop a generalized dynamic model that accounts for heteroskedasticity in the cost inefficiency component of the error term in...
