Die Investitionen japanischer Unternehmen in Ostdeutschland waren bis 1994, trotz ursprünglich großem Interesse, enttäuschend niedrig. Das ifo Institut befragte japanische Unternehmen des verarbeitenden Gewerbes, des Handels und der Banken. Investitionsmotive waren Marktnähe, Brückenkopf zu...

According to a frequently cited finding by Berger et al (1993), X-inefficiency contributes 20% to cost-inefficiency in western banks. Empirical studies of Chinese banks tend to place cost-inefficiency in the region of 50%. Such estimates would suggest that Chinese banks suffer from gross cost...

Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank's own implicit input price when estimating efficient frontiers. But the theoretical foundation of most studies is a cost minimisation and/ or profit maximisation problem assuming perfect input markets. At...

This article provides an empirical insight on the heterogeneity in the estimates of banking efficiency produced by the stochastic frontier approach. Using data from five countries of Central and Eastern Europe, we study the sensitivity of the efficiency score and the efficiency ranking to a...