Showing 1 - 10 of 264
This paper estimates commercial banks’ efficiency in three relatively homogenous groups of countries with different … European integration and economic situation are visible also in banking efficiency. Thus we test the hypothesis that the higher … degree of European economic integration and economic development goes hand in hand with higher baking efficiency. Employing …
Persistent link: https://www.econbiz.de/10005413069
The literature on corporate credit risk modeling for privately-held firms is scarce. Although firms with unlisted equity or debt represent a significant fraction of the corporate sector worldwide, research in this area has been hampered by the unavailability of public data. This study is an...
Persistent link: https://www.econbiz.de/10005413176
This paper is the first attempt to estimate commercial banks’ efficiency in the Visegrad region before joining the EU … and also to consider differences in efficiency across the countries. Employing Data Envelopment Analysis, we analyze which … efficiency since 1999. Incorporating censored Tobit regression analysis we try to detect whether the cross-country differences …
Persistent link: https://www.econbiz.de/10005561576
The efficiency of speculative markets, as represented by Fama's 1970 fair game model, is tested on weekly price index … efficiency of nervous systems. In particular, the stationarity and independence of the price innovations are tested over ten … stock market efficiency is: Singapore, Thailand, Indonesia, Malaysia, Hong Kong and Taiwan. Singapore's stock market pricing …
Persistent link: https://www.econbiz.de/10005076962
Markov chain Monte Carlo (MCMC) methods have become a ubiquitous tool in Bayesian analysis. This paper implements MCMC methods for Bayesian analysis of stochastic frontier models using the WinBUGS package, a freely available software. General code for cross-sectional and panel data are presented...
Persistent link: https://www.econbiz.de/10005062542
This paper focuses on Stochastic Dominance (SD) efficiency in a finite empirical panel data. We analytically …. Using these insights, we develop simple Linear Programming and 0-1 Mixed Integer Linear Programming tests of SD efficiency …. The advantage to the earlier efficiency tests is that the proposed approach explicitly accounts for diversification …
Persistent link: https://www.econbiz.de/10005561692
This paper investigates efficiency using data envelopment analysis (DEA) and productivity growth using Malmquist index … compared to managerial efficiency. In general, smaller banks are less efficient and highly DEA-efficient banks have a high … and loans and other earning assets as output in the DEA analysis we observe no significant growth in productivity during …
Persistent link: https://www.econbiz.de/10005561554
Do Islamic banks perform efficiently? Although the phenomenon of Islamic banking and finance has developed … performance of 18 Islamic banks over the period 1997-2000. Unlike previous studies, this paper is based on efficiency measurement … slight inefficiencies during the global crisis 1998-9. Efficiency differences across the sample data appear to be mainly …
Persistent link: https://www.econbiz.de/10005134802
Listing of stocks on the stock exchange offers business firms several advantages such as diversification, liquidity, establishing a value for the firm etc. The present paper analyses stocks of six commercial banks (viz., Dubai Commercial Bank, Emirates Bank International, National Bank of Dubai,...
Persistent link: https://www.econbiz.de/10005413135
, subsidies and efficiency the of animal farming. To this end we first have to identify the production frontier and relative … efficiency level for each animal oriented type of farm in the sample. The production frontier and efficiency index for each type … of farm (assuming no specific production functions) are identified using DEA techniques. We then address the relationship …
Persistent link: https://www.econbiz.de/10005124877