Showing 11 - 20 of 211
We investigate the consistency of efficiency scores derived with two competing frontier …
Persistent link: https://www.econbiz.de/10012989303
We analyze the stability of efficiency rankings of German universal banks between …
Persistent link: https://www.econbiz.de/10012989305
Persistent link: https://www.econbiz.de/10012989318
This paper investigates the forces driving output growth, namely technological, efficiency, and input changes, in 80 … efficiency levels, technological change, and the development of capital and labor elasticities. However, a consistent finding …
Persistent link: https://www.econbiz.de/10012714412
Efficiency is considered a key factor when evaluating a bank's performance. Moreover, efficiency enhancement is an … explicit policy objective in the Single Market Directive of the European Commission. But efficiency improvements may come at … of performance in response to efficiency improvements remain often unclear on both theoretical and empirical grounds. We …
Persistent link: https://www.econbiz.de/10005082751
We analyze the stability of efficiency rankings of German universal banks between 1993 and 2004. First, we estimate … traditional efficiency scores with stochastic cost and alternative profit frontier analysis. Then, we explicitly allow for … different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal …
Persistent link: https://www.econbiz.de/10005082781
efficiency comparisons across different samples. We use a latent class stochastic frontier model to estimate simultaneously …
Persistent link: https://www.econbiz.de/10005082783
We test if unconventional monetary policy instruments influence the competitive conduct of banks. Between q2:2010 and q1:2012, the ECB absorbed €218 billion worth of government securities from five EMU countries under the Securities Markets Programme (SMP). Using detailed security holdings...
Persistent link: https://www.econbiz.de/10012963132
This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking. Political indicators reveal bailout expectations after 2009, manifested as beliefs about the predicted probability of receiving equity support relative to failing during the TARP...
Persistent link: https://www.econbiz.de/10013007774
This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking. Political indicators reveal bailout expectations after 2009, manifested as beliefs about the predicted probability of receiving equity support relative to failing during the TARP...
Persistent link: https://www.econbiz.de/10013020652