Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank’s own implicit input price … when estimating efficient frontiers. But the theoretical foundation of most studies is a cost minimisation and/ or profit … substantial measurement error. In this paper, we examine the magnitude and direction of this error in cost and profit efficiency …

Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank's own implicit input price … when estimating efficient frontiers. But the theoretical foundation of most studies is a cost minimisation and/ or profit … substantial measurement error. In this paper, we examine the magnitude and direction of this error in cost and profit efficiency …

Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank's own implicit input price … when estimating efficient frontiers. But the theoretical foundation of most studies is a cost minimisation and/ or profit … substantial measurement error. In this paper, we examine the magnitude and direction of this error in cost and profit efficiency …

institutions and have the highest deposit insurance in the world. And last but not least, German banks are numerous, perform poorly …

The inability of most bank merger studies to control for hidden bailouts may lead to biased results. In this study, we … employ a unique data set of approximately 1,000 mergers to analyze the determinants of bank mergers. We use data on the …

German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous …

different banks as being best or worst performers. Our main conclusion is that efficiency studies in general and bank efficiency …