Purpose – This paper examines whether earnings and its components are relevant and sufficient to bridge the gap between banks' market and book values, and also considers if bank efficiency is “value relevant” for banks valuation. Design/methodology/approach – This paper follows the value...

Purpose – The purpose of this paper is to explore the factors that affect differences in measured efficiency of foreign‐owned banks operating in Australia. The relevance of both comparative advantage theory and new trade theory to multinational banking in Australia will be tested....

Purpose – This paper aims to compare the cost efficiencies across bank‐and market‐based EU countries for the different groups of commercial, savings and co‐operative banks; and between listed and non‐listed banking institutions. In addition, it attempts to determine any potential...

Purpose – The paper attempts to analyze vertical product differentiation as a strategy pursued by European banks seeking greater market power and higher reputation for quality, and to examine whether this entails losses in banking efficiency. Design/methodology/approach – First, the...

Purpose – The aim of this study is to investigate profit efficiency in the banking industries of 11 Central and Eastern European (CEE) countries for the period 1998‐2005. Design/methodology/approach – The authors employ a directional technology distance function approach to measure profit...

Purpose – The purpose of this study is to examine the association between inward foreign direct investment (FDI) and bank level productivity changes. Design/methodology/approach – The paper uses an international sample of 566 publicly quoted commercial banks operating in 75 countries,...