Feng, Guohua; Zhang, Xiaohui - In: Journal of Banking & Finance 39 (2014) C, pp. 135-145
This paper investigates the returns to scale of large banks in the US over the period 1997–2010. This investigation is performed by estimating a random coefficient stochastic distance frontier model in the spirit of Tsionas (2002) and Greene (2005, 2008). The primary advantage of this model is...