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different banks as being best or worst performers. Our main conclusion is that efficiency studies in general and bank efficiency … affect estimated efficiency levels and rankings. We find that the level of efficiency scores is affected in the case of both … studies in particular should account for heterogeneity across sample firms. Especially when efficiency measures are employed …
Persistent link: https://www.econbiz.de/10010295908
bank profitability. We evaluate a broad field of research by introducing a general framework for a profit maximizing bank … suggest ways to more clearly distinguish between market power and efficiency, and explain why we need time-dependent models …
Persistent link: https://www.econbiz.de/10011689919
technologies because of the very high external financing costs they face. Our point of departure is that the efficiency of the … processing bank loan applications might obstruct investments in high-tech projects and favour, instead, low-return, self …
Persistent link: https://www.econbiz.de/10010279338
In this paper, a new approach to disclose the impact of politics on economic growth is presented: we use data derived from content analysis of party manifestos as measures of party preferences. In a panel of 23 OECD countries, we detect a positive impact of party support for various...
Persistent link: https://www.econbiz.de/10010303002
This study examines the productivity growth of the nationwide banks of China over the ten years to 2006. Using a …
Persistent link: https://www.econbiz.de/10010322767
This study demarcates cost-inefficiency in Chinese banks into X-inefficiency and rent-seeking-inefficiency. A protected banking market not only encourages weak management and X-inefficiency but also public ownership and state directed lending encourages moral hazard and bureaucratic rent...
Persistent link: https://www.econbiz.de/10010322770
The existing Chinese banking system was born out of a state-planning framework focussed on the funding of state-owned enterprises. Despite the development of a modern banking system, numerous studies of Chinese banking point to its high level of average inefficiency. Much of this inefficiency...
Persistent link: https://www.econbiz.de/10010322785
This study demarcates cost-inefficiency in Chinese banks into X-inefficiency and rent-seeking-inefficiency. A protected banking market not only encourages weak management and X-inefficiency but also public ownership and state directed lending encourages moral hazard and bureaucratic rent...
Persistent link: https://www.econbiz.de/10010288813
This paper aims to estimate bank efficiency differences across member states of the European Union and tries to explain … their causes. We show on an empirical basis that the level and spread of bank efficiency in the EU and their changes are … between the old and new member states, irrespective of the specifications of the model. With respect to profit efficiency …
Persistent link: https://www.econbiz.de/10010322483
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 …
Persistent link: https://www.econbiz.de/10010295902