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Dynamic technical and allocative efficiencies in European banking

Tsionas, Efthymios G.; Assaf, A. George; Matousek, Roman - In: Journal of Banking & Finance 52 (2015) C, pp. 130-139

This paper examines the performance of European banks during the pre-crisis and post-crisis periods, both in terms of technical and allocative efficiencies. We use an innovative Bayesian dynamic frontier model that: (1) distinguishes between short-run and long-run performance; and (2) provides...

Persistent link: https://www.econbiz.de/10011209869

GMM estimation of stochastic frontier model with endogenous regressors

Tran, Kien C.; Tsionas, Efthymios G. - In: Economics Letters 118 (2013) 1, pp. 233-236

A convenient and simple GMM procedure for estimating stochastic frontier models in the presence of endogenous regressors is proposed. Monte Carlo simulations show that the proposed estimator works very well in finite samples. We apply the proposed method to panel data of Norwegian dairy farms to...

Persistent link: https://www.econbiz.de/10010603148

Understanding relative efficiency among airports: A general dynamic model for distinguishing technical and allocative efficiency

Assaf, A. George; Gillen, David; Tsionas, Efthymios G. - In: Transportation Research Part B: Methodological 70 (2014) C, pp. 18-34

The paper introduces a new dynamic frontier model that is used to analyze the impact of both ownership and regulation on airport technical and allocative efficiencies. We differentiate between the short and long-term effects. Based on a large sample of international airports, we find in the...

Persistent link: https://www.econbiz.de/10011077946

Efficiency in European railways: Not as inefficient as one might think

Christopoulos, Dimitris; Loizides, John; Tsionas, … - In: Journal of Applied Economics IV (2001) May, pp. 63-88

The paper studies technical inefficiency in the railway systems of ten countries of the European Union. A new approach is used which permits the disaggregation of inefficiency by factor of production to result in estimates of input-specific technical inefficiency. The cost structure is...

Persistent link: https://www.econbiz.de/10005624095

The Impact of Organizational Structure and Lending Technology on Banking Competition

Degryse, Hans; Laeven, Luc; Ongena, Steven - C.E.P.R. Discussion Papers - 2007

. We investigate theoretically and empirically how bank organization shapes banking competition. Our theoretical model …Recent theoretical models argue that a bank’s organizational structure reflects its lending technology. A … hierarchically organized bank will employ mainly hard information, whereas a decentralized bank will rely more on soft information …

Persistent link: https://www.econbiz.de/10005136523

Borrower Poaching and Information Display in Credit Markets

Degryse, Hans; Bouckaert, J.M.C. - Tilburg University, Center for Economic Research - 2001

The Riegle-Neal Act in the US and the Economic and Monetary Union in Europe are recent initiatives to stimulate financial integration.These initiatives allow new entrants to "poach" the incumbents' clients by offering them attractive loan offers.We show that these deregulations may be...

Persistent link: https://www.econbiz.de/10011092891

The Impact of Organizational Structure and Lending Technology on Banking Competition

Degryse, Hans; Laeven, L.; Ongena, S. - Tilburg University, Tilburg Law and Economic Center - 2007

Persistent link: https://www.econbiz.de/10011093210

The Impact of Competition on Bank Orientation and Specialization

Degryse, Hans; Ongena, S. - Tilburg University, Center for Economic Research - 2003

impact of competition on bank orientation í L H WKH choice of relationship based versus transactional banking í DQG EDQN … LQGXVWU\ specialization.We empirically investigate the impact of interbank competition on bank branch orientation and ….We find that bank branches facing stiff local competition engage relatively more in relationship-based lending but specialize …

Persistent link: https://www.econbiz.de/10011090384

The Impact of Organizational Structure and Lending Technology on Banking Competition

Degryse, Hans; Laeven, L.; Ongena, S. - Tilburg University, Center for Economic Research - 2006

.We investigate theoretically and empirically how bank organization shapes banking competition.Our theoretical model illustrates how a …Recent theoretical models argue that a bank's organizational structure reflects its lending technology.A hierarchically … organized bank will employ mainly hard information, whereas a decentralized bank will rely more on soft information …

Persistent link: https://www.econbiz.de/10011090754

Softening Competition by Enhancing entry : An Example from the Banking Industry

Degryse, Hans; Bouckaert, J.M.C. - Tilburg University, Center for Economic Research - 2002

We show that competing firms relax overall competition by lowering future barriers to entry.We illustrate our findings …-period profits.This dampens competition for serving the first-period market. …

Persistent link: https://www.econbiz.de/10011091557