Liu, Li-Gang; Hua, Changchun - eSocialSciences - 2010
z-score), then apply the stochastic frontier analysis (SFA) to obtain the risk-return efficiency score for each bank …, and finally conduct ordered logit regressions of bank ratings on estimated risks, risk-return efficiency, and the inverse … achieving risk-return efficiency. We first estimate the expected returns, risks, and financial distress risk proxy (the inverse …