Reichling, Peter; Schulze, Gordon - In: SSRN eLibrary (2018)
German savings banks play a key role in financing German SMEs. Accordingly, the analysis of their efficiency is of … as the Eurozone crisis (since the end of 2009) on the efficiency of German savings banks. Although the Malmquist index is … on average below one in our sample from 2003 to 2014, we conclude from our efficiency results that German savings banks …