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expectation of achieving cost efficiency gains. This article examines whether theoretical expectations of cost efficiency gains … parameter frontier model, cost efficiency gains are found, particularly with a payment per patient case system. Payment systems …
Persistent link: https://www.econbiz.de/10010316910
. However, the standard cost frontier model yields biased efficiency scores because it ignores technological heterogeneity … between hospitals. In this paper, efficiency scores are derived from a random intercept and an extended random parameter … efficiency according to the standard model gain up to 12 percentage points, serving to highlight the importance of heterogeneity …
Persistent link: https://www.econbiz.de/10010316845
This paper investigates both cross-sectional asymmetry (related to bank-speci.c characteristics like size and liquidity) and asymmetries over time (potentially related to the overall state of the economy) in Austrian bank lending reaction to monetary policy. The first type of asymmetry is...
Persistent link: https://www.econbiz.de/10013369973
economies are utilizing advances in technology. However, this measure is problematic on several different dimensions. First, the … idea that it is possible to separate out the relative contribution to economic output of labor, capital, and technology …
Persistent link: https://www.econbiz.de/10012818362
The US banking industry offers a unique, natural and fertile environment to study geography's effects on banks' behavior and performance. The literature on banks' operating performance, while extensive, says little about the influence of spatial interactions on banks' performance. We compute and...
Persistent link: https://www.econbiz.de/10010273644
We test the hypotheses that zombie firms are less productive and have lower employment growth and lower gross investment ratios than non-zombie firms in the same industry sector and that they are a source of contagion for the latter. Ever since Caballero et al. (2008), it has been taken for...
Persistent link: https://www.econbiz.de/10014374535
we find that misallocation is higher in services and for capital. Our estimates suggest that if Austrian efficiency was …
Persistent link: https://www.econbiz.de/10014374600
We extend the literature on the effects of managerial entrenchment to consider how safety-net subsidies and financial distress costs interact with managerial incentives to influence capital structure in U.S. commercial banking. Using cross-sectional data on publicly traded, highest-level U.S....
Persistent link: https://www.econbiz.de/10010263221
We extend the literature on the effects of managerial entrenchment on capital structure to consider how safety-net subsidies and financial distress costs interact with managerial incentives to influence capital structure in U.S. commercial banking. Using cross-sectional data on publicly traded,...
Persistent link: https://www.econbiz.de/10010318364
productivity growth (TFPG), technical change, and efficiency change for a panel of firms during the period 1991 to 2001 in 26 … efficiency change using a Tobit regression for each industry. The results reveal that TFPG declined for all the sectors during … the period. The most significant factor affecting efficiency change, technical change and productivity growth is RD …
Persistent link: https://www.econbiz.de/10011807695