Kumbhakar, Subal C.; Lozano-Vivas, Ana; Lovell, C. A. Knox - Finance Department, Stern School of Business - 1999
This paper examines the impact of regulatory reform on the performance of Spanish savings banks. To this end it uses panel data for the period 1986-1995 and a flexible variable profit function that incorporates time-varying technical efficiency. The focus is whether increased competition brought...