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Application of the Maximum Score/Maximum Profit Bi-Objective Estimator to Stocks of the Banking Sector in the Athens Stock Exchange
Florios, Kostas - 2011
We are familiar with the maximum score estimator of (Manski, C.F., 1975, Journal of Econometrics 3, 205-228). A generalization of the maximum score estimator is the maximum profit estimator of (Skouras, S., 2003, Computational Statistics and Data Analysis 42, 349-361). The general case is the...
Persistent link: https://www.econbiz.de/10013131449
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Do Large Banks have Lower Costs? New Estimates of Returns to Scale for U.S. Banks
Wheelock, David C. - 2011
about the effects of consolidation and increasing bank size on market competition and on the number of banks that regulators …
Persistent link: https://www.econbiz.de/10013134261
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The Evolution of Scale Economies in U.S. Banking
Wheelock, David C. - 2019
Continued consolidation of the U.S. banking industry and a general increase in the size of banks has prompted some policymakers to consider policies that discourage banks from getting larger, including explicit caps on bank size. However, limits on the size of banks could entail economic costs...
Persistent link: https://www.econbiz.de/10012904022
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Regional and Ownership Drivers of Bank Efficiency
Zelenyuk, Natalya - 2017
analyse how various bank-specific factors (e.g., type of ownership, regional aspects, level of risk as per Basel Accords …
Persistent link: https://www.econbiz.de/10012972842
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The Informativeness of Stochastic Frontier and Programming Frontier Efficiency Scores : Cost Efficiency and Other Measures of Bank Holding Company Performance
Eisenbeis, Robert - 2015
frontier scores are more closely related to risk-taking behavior, managerial competence, and bank stock returns. Based on these …
Persistent link: https://www.econbiz.de/10013032677
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Off-balance sheet activities, inefficiency and market power of U.S. banks
Wheelock, David C.; Wilson, Paul W. - 2019
The Lerner index is widely used to assess firms' market power. However, estimation and interpretation present several challenges, especially for banks, which tend to produce multiple outputs and operate with considerable inefficiency. We estimate Lerner indices for U.S. banks for 2001-18 using...
Persistent link: https://www.econbiz.de/10011998070
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Robust Non-Parametric Quantile Estimation of Efficiency and Productivity Change in U.S. Commercial Banking, 1985-2004
Wheelock, David C.; Wilson, Paul W. - 2007
This paper describes a non-parametric, unconditional, hyperbolic quantile estimator that unlike traditional non-parametric frontier estimators is both robust to data outliers and has a root-n convergence rate. We use this estimator to examine changes in the efficiency and productivity of U.S....
Persistent link: https://www.econbiz.de/10014057323
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The Impacts of Risk-Taking Behaviour and Competition on Technical Efficiency : Evidence from the Chinese Banking Industry
Tan, Yong - 2017
This paper tests the impact of risk and competition on efficiency in the Chinese banking industry over the period 2003 … commercial banks are significantly and negatively affected by liquidity risk. They further show that greater competition precedes …-2013. Comprehensive types of risk-taking behaviour are considered including credit risk, liquidity risk, capital risk, and insolvency risk …
Persistent link: https://www.econbiz.de/10012958952
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Risk, Competition, and Efficiency in Chinese Banking : The Role of Interest Rate Liberalization
Tan, Yong - 2017
different types of risk under a three-stage least square estimator. The results show that competition leads to higher capital … contributes to banking literature by testing the inter-relationships between competition, different types of efficiencies and …, liquidity and credit risk, while higher revenue efficiency leads to lower risk. It is found that efficiency is significantly and …
Persistent link: https://www.econbiz.de/10012959070
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Does Competition Only Impact on Insolvency Risk? New Evidence from the Chinese Banking Industry
Tan, Yong - 2017
Purpose - This paper investigates the impact of competition on credit risk, liquidity risk, capital risk and insolvency … Generalized Method of Moments (GMM) system estimator to examine the impact of competition on risk. In particular, translog … specifications are used to measure the competition and insolvency risk. Findings - The results show that greater competition within …
Persistent link: https://www.econbiz.de/10012972849