We analyze the stability of efficiency rankings of German universal banks between 1993 and 2004. First, we estimate …

We analyze the stability of efficiency rankings of German universal banks between 1993 and 2004. First, we estimate …

estimate CE and PE of German banks between 1993 and 2003. Our main findings are threefold. First, after accounting for … systematic differences across banks, mean CE is sensitive to alternative input prices. Second, distortions of mean PE due to … traditional input prices are small. Third, across CE models small cooperative banks located in large western states are identified …

estimate CE and PE of German banks between 1993 and 2003. Our main findings are threefold. First, after accounting for … systematic differences across banks, mean CE is sensitive to alternative input prices. Second, distortions of mean PE due to … traditional input prices are small. Third, across CE models small cooperative banks located in large western states are identified …

We analyze the stability of efficiency rankings of German universal banks between …

banks and analyze whether efficiency measures yield consistent results according to five criteria between 1993 and 2004 …. Furthermore, our results show that accounting for systematic differences among commercial, cooperative and savings banks is …

Banks continue to differ in many ways, for instance with respect to business models, growth strategies, or financial … multiple technology regimes and group membership probabilities. The latter are conditioned on six bank traits of German banks … and we identify four signifficantly different technology regimes. Only small, retail focused banks exhibit cost …

compensation spurred average turnover rates driven by CEOs at poorly performing banks. Other than that, banks' responses to raise … fixed compensation sufficed to retain the vast majority of non-CEO executives and those at well performing banks. We fail to … find evidence that banks with executives that are more affected by the bonus cap became less risky. In fact, numerous …

banks and analyze whether efficiency measures yield consistent results according to five criteria between 1993 and 2004 …. Furthermore, our results show that accounting for systematic differences among commercial, cooperative and savings banks is …