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Stochastic Frontier Approach (SFA) is applied to a panel of 700 Italian Banks. The analysis is based on the joint estimation of a … that the cost efficiency of cooperative banks (CCB) is always higher than that observed for joint-stock companies (LTD) and … Popolari banks. Third, the study suggests that cost efficiency tends to decrease as bank size increases. Finally, as regards …
Persistent link: https://www.econbiz.de/10010968847
applying the Stochastic Frontier Approach (SFA) to a panel of 700 banks, the analysis is based on the joint estimation of a … indicates that the cost efficiency of cooperative banks (BCC) is always higher than that observed for other banks (SPA and … role of the determinants of banks efficiency ("what makes a bank efficient"), it also shows the presence of simultaneity …
Persistent link: https://www.econbiz.de/10011259215
The aim of this paper is to investigate the impact of banks’ sovereign debt exposures on the financial development of … Turkey. Results of the bounds test reveal a long-run and negative equilibrium relationship between banks’ domestic claims on …
Persistent link: https://www.econbiz.de/10010900405
Persistent link: https://www.econbiz.de/10008480678
Cost inefficiency of banks in many countries is quite high. Financial sector reforms in India are also aimed at … improving efficiency, productivity and profitability of banks via increased competitiveness. An assessment based on a fairly … general framework in the Indian context has found that cost inefficiency of domestic banks in the post-reforms period is not …
Persistent link: https://www.econbiz.de/10010772795
This paper considers cost and profit efficiency for Australian banks between 1995 and 2002. Data Envelopment Analysis … (DEA) is used to construct an efficient frontier for ten banks listed on the Australian Stock Exchange. Empirical results … indicate the major banks have improved their cost and profit efficiency, while the regional banks have experienced little …
Persistent link: https://www.econbiz.de/10005392566
A two-stage estimation procedure is employed to evaluate non-bank financial institution efficiency. In the first stage, maximum-likelihood estimates of an econometric cost function are obtained for a cross-section of one hundred and fifty Australian credit unions. The results indicate that a...
Persistent link: https://www.econbiz.de/10009437442
With an increasingly open economic condition in Thailand, insurance firms exposed to competition should improve efficiency to ensure their survival. This paper examines the cost efficiency and its relationship with profitability of life insurance firms: Cobb-Douglas stochastic cost frontier...
Persistent link: https://www.econbiz.de/10009441662
This paper re-examines the evidence on how the listing of options impacts on underlying stock’s volatility by taking into consideration the possible presence of a learning effect, along with the impact of the very endogenous nature of the options listing decision itself. Our analyses are...
Persistent link: https://www.econbiz.de/10009441663
This paper examines a simple model of strategic interactions among firms that face at least some of the same rivals in two related markets (for goods 1 and 2). It shows that when firms compete in quantity, market prices increase as the degree of multi-market contact increases. However, the...
Persistent link: https://www.econbiz.de/10009448073