Frei, Frances X.; Harker, Patrick T.; Hunter, Larry W. - Financial Institutions Center, Wharton School of Business - 1998
A decade of econometric research has shown that X-efficiency dominates scale and scope as the drivers of inefficiency … in the U.S. banking industry. However, this research falls short in explaining the causes of the high degree of X-efficiency … industry, give insight into the drivers of X-efficiency. The paper provides a comprehensive framework for the analysis of X-efficiency …