Löchel, Horst; Li, Helena Xiang - 2011
. However, the low efficiency in Chinese banks is still persistent, as evident in many empirical studies (e.g. Feyzioğlu, (2009 …)). The contradiction of high profitability and low efficiency causes great confusion in understanding banking in China. Our … pattern with peer banks from Asia, Europe and North America. We first test the hypothesis that the average asset return of the …