Showing 1 - 10 of 24
The aim of this paper is to analyse the efficiency of the travel agencies operatingin Spain, and to examine the … determining factors of such efficiency, in terms of verticalintegration, market concentration, size and performance. The … methodology employed is based on different techniques for the measurement of the efficiency (stochastic frontier production …
Persistent link: https://www.econbiz.de/10005515859
The objective of this study is to analyze the macroeconomic performance of 16 Ibero- American countries over the period 1980- 199 1. Macroeconomic performance is defined as the ability of a country's macroeconomic managers to provide four welfare-enhancing economic services to their citizens: a...
Persistent link: https://www.econbiz.de/10005731123
the efficiency and credit risk. The first of this aspects is based on the incentive to the banks to reduce cost in order … analyzed the effects of competition on the efficiency of banking systems without considering these aspects. The few studies … that attempt to obtainrisk adjusted efficiency measures do not consider that part of the risk is due to exogenous …
Persistent link: https://www.econbiz.de/10005212537
Hypothesis testing and statistical precision in the context of nonparametric efficiency and productivity measurement … noticeable in the case of banking efficiency studies, where the literature is immense. In this paper, we explore productivity … growth and productive efficiency for Spanish savings banks over the (initial) post-deregulation period 1992?1998 using Data …
Persistent link: https://www.econbiz.de/10005212541
average technical efficiency of each country by means of a DEA model called "basic" model. This model includes only banking …In this paper we extend the efficiency cross-country comparisons to ten European countries in order to know how … variables. Finally, the non homogeneity of the country-samples, observed after performing an individual DEA analysis for each …
Persistent link: https://www.econbiz.de/10008550429
Traditional efficiency measures neglect bank risk and, even when risk is accounted for, do not differentiate between … environment (¿external¿). This paper proposes a new sequential DEA procedure which decomposes a major indicator of bank risk … affected banks¿ conduct in terms of efficiency and risk. Las medidas tradicionales de eficiencia no consideran el riesgo y …
Persistent link: https://www.econbiz.de/10005212530
In this paper we examine the performance of the target setting procedure employed by one of the largest savings banks in Spain, Caja de Ahorros del Mediterraneo, to evaluate the operating performance of its branch offices. We begin by evaluating the ability of the branch offices to meet the...
Persistent link: https://www.econbiz.de/10008602591
In a previous work, Forner and Marhuenda (2001) find that the contrarian strategy, thatis, the forming of a zero-investment portfolio that buys the stocks that have performed poorly inthe past (losers) and sells those that have performed well (winners), does not yield abnormallypositive returns...
Persistent link: https://www.econbiz.de/10005515799
versus efficiency, presenting as its main contribution the use of a direct measurement of efficiency. This measurement is … furthermore, the results allow us to reject in most cases the pure hypothesis of efficiency, as although efficiency does …
Persistent link: https://www.econbiz.de/10005515829
new markets. The aim of this paper is to analyse the efficiency and the credit risk of the banks of the most important … adjustments for risk are important in the case of profit efficiency but not in the case of cost efficiency. La implantación del …
Persistent link: https://www.econbiz.de/10005515839