Narrow search
Showing 1 - 10 of 135
Cover Image
Measuring agency costs and the value of investment opportunities of U.S. bank holding companies with stochastic frontier estimation
Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-Geol - 2016
By eliminating the influence of statistical noise, stochastic frontier techniques permit the estimation of the best-practice value of a firm´s investment opportunities and the magnitude of a firm´s systematic failure to achieve its best-practice market value - a gauge of the magnitude of...
Persistent link: https://www.econbiz.de/10011687921
Cover Image
Measuring agency costs and the value of investment opportunities of U.S. bank holding companies with stochastic frontier estimation
Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-geol - 2016
By eliminating the influence of statistical noise, stochastic frontier techniques permit the estimation of the best-practice value of a firmś investment opportunities and the magnitude of a firmś systematic failure to achieve its best-practice market value - a gauge of the magnitude of agency...
Persistent link: https://www.econbiz.de/10011490908
Cover Image
The future of large, internationally active banks : does scale define the winners?
Hughes, Joseph P.; Mester, Loretta J. - 2015
Our research as well as that by other authors has found scale economies at all sizes of banks and the largest scale economies at the largest banks – that is, larger banks are able to provide products at lower average cost than smaller banks. While the earlier literature found that scale...
Persistent link: https://www.econbiz.de/10011416928
Cover Image
The future of large, internationally active banks: Does scale define the winners?
Hughes, Joseph P.; Mester, Loretta J. - 2015
Our research as well as that by other authors has found scale economies at all sizes of banks and the largest scale economies at the largest banks - that is, larger banks are able to provide products at lower average cost than smaller banks. While the earlier literature found that scale...
Persistent link: https://www.econbiz.de/10011687916
Cover Image
Market discipline working for and against financial stability: The two faces of equity capital in U.S. commercial banking
Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-geol - 2016
The second Basel Capital Accord points to market discipline as a tool to reinforce capital standards and supervision in promoting bank safety and soundness. The Bank for International Settlements contends that market discipline imposes strong incentives on banks to operate in a safe and...
Persistent link: https://www.econbiz.de/10011687927
Cover Image
Recovering Risky Technologies Using The Almost Ideal Demand System: An Application To U.S. Banking
Hughes, Joseph P.; Mester, Loretta J.; Lang, William; … - Department of Economics, Rutgers University-New Brunswick - 2000
Almost Ideal Demand System. In addition, we suggest a more general way of measuring efficiency that can incorporate a concern … between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature …
Persistent link: https://www.econbiz.de/10005800381
Cover Image
Recovering Risky Technologies Using The Almost Ideal Demand System: An Application To U.S. Banking
Hughes, Joseph P.; Mester, Loretta J.; Lang, William; … - 2000
Almost Ideal Demand System. In addition, we suggest a more general way of measuring efficiency that can incorporate a concern … between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature …
Persistent link: https://www.econbiz.de/10010334306
Cover Image
Recovering risky technologies using the almost ideal demand system : an application to U.S. banking
Hughes, Joseph P.; Lang, William W.; Mester, Loretta J.; … - 2000 - This draft: September 2000
Almost Ideal Demand System. In addition, we suggest a more general way of measuring efficiency that can incorporate a concern … between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature …
Persistent link: https://www.econbiz.de/10011576770
Cover Image
Market discipline working for and against financial stability : the two faces of equity capital in U.S. commercial banking
Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-geol - 2016
The second Basel Capital Accord points to market discipline as a tool to reinforce capital standards and supervision in promoting bank safety and soundness. The Bank for International Settlements contends that market discipline imposes strong incentives on banks to operate in a safe and...
Persistent link: https://www.econbiz.de/10011582019
Cover Image
Efficiency in banking : theory, practice, and evidence
Hughes, Joseph P. (contributor);  … - 2008
theories to analyze the particular environment of banking. In recent years, the empirical modeling of bank technology and the … reflect the unique nature and role of banking in modern economies. This chapter gives an overview of two general empirical …. -- Bank; X-efficiency; risk; profit; agency costs …
Persistent link: https://www.econbiz.de/10003710476