efficiency comparisons across different samples. We use a latent class stochastic frontier model to estimate simultaneously … specific cost parameters to measure competition with Lerner indices. Large, national universal banks and the smallest, most … specialized banks exhibit the lowest level of competition. In turn, medium sized universal banks are both efficient and exhibit …

development. In order to measure the quality of financial development we use profit efficiency derived from stochastic frontier … development is negligible. Also, our results suggest an additional channel through which better banking can spur growth: the …

analyze the dynamic relations between efficiency and performance in the German banking market. To this end we use panel data …Efficiency is considered a key factor when evaluating a bank's performance. Moreover, efficiency enhancement is an … explicit policy objective in the Single Market Directive of the European Commission. But efficiency improvements may come at …

We analyze the stability of efficiency rankings of German universal banks between 1993 and 2004. First, we estimate … traditional efficiency scores with stochastic cost and alternative profit frontier analysis. Then, we explicitly allow for … different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal …

To test if safety nets create moral hazard in the banking industry, we develop a simultaneous structural two … probabilities on risk taking using exclusion restrictions based on regional political, supervisor, and banking market traits. The … sample includes all observed capital preservation measures and distressed exits in the German banking industry during 1995 …

others. We exploit a unique sample to analyze how similarities and social ties affect career outcomes in banking based on age …

We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze the …

We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze the …