Bonin, John; Wachtel, Paul; Hasan, Iftekhar - 2007
efficiency for eleven transition countries in an unbalanced panel consisting of 225 banks and 856 observations. Applying … stochastic frontier estimation procedures, we compute profit and cost efficiency scores taking account of both time and country … effects directly. In second-stage regressions, we take these efficiency measures along with return on assets as dependent …
