The aim of the present paper is to analyze the impacts of the upgrading policies adopted by Morocco for almost ten years. We apply the stochastic frontier approach initiated by Battese and Coelli (1995) to a panel of 282 firms from Morocco during the period [1998–2005]. Such parametric...

In the past two decades, both developed and developing countries have deregulated their banking and financial systems with the aim of improving the efficiency, productivity and profitability of the sectors and increasing international competitiveness. This study attempts to examine the effect of...

In this paper, we examine the influence of bank regulations, concentration, financial and institutional development on commercial bank margin and profitability across a broad menu of Middle East and North Africa (MENA) countries. We cover the 1989-2005 period and control for a wide array of...

In 1988, an agreement was reached in Basel to set common requirements of bank capital in order to promote the soundness and stability of the international banking system. In line with the agreement, banks were requir ed to hold capital in proportion to their perceived credit risks, which may...

In 1991, the Central Bank of Egypt increased the minimum capital requirements for the banking industry vis-à-vis risk-weighted assets to 8 percent, along the lines proposed by the Basel Committee on Banking Supervision. In this paper, we investigate the effects of capital regulations on cost of...

cet article, nous cherchons à estimer le degré de sous-évaluation des titres introduits sur le Nouveau Marché de la Bourse de Paris à partir d'une frontière stochastique. La mesure du degré de sous-évaluation des titres introduits repose sur l'estimation d'une frontière de prix...

Cet article a été consacré à l'étude du degré de sous-évaluation de 135 entreprises introduites sur le Nouveau Marché de la Bourse de Paris. Une analyse statistique préliminaire, à travers les coefficients d'aplatissement et d?asymétrie, indique la présence d'une politique de soutien...