The purpose of this paper is to examine whether the stock performance of EU listed banks is related to their efficiency … analysis to estimate the cost and profit efficiency of banks, while controlling for environmental factors. Then, we investigate … if changes in profit and cost efficiency are reflected in changes in stock prices. Our results indicate that the change …

The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …

The main purpose of this study is to investigate whether there is a relationship between bank efficiency and stock …. However, the results suggest that profit efficiency is more informative than cost efficiency as the former explains, to a …-2009) appears to have a negative influence on both banking efficiency and stock performance …