areas of activities in company which can lead to improving the quality and reducing costs by using the PAF cost model. The … highest quality for the best price. This can be achieved by setting optimal quality costs. …

relationship to size requires untangling cost and profit from decisions about risk versus expected-return because both cost and … episodes of financial distress and they also have an incentive to increase risk to exploit the cost-of-funds subsidy of … profit are functions of endogenous risk-taking. This chapter gives an overview of two general empirical approaches to …

substantial measurement error. In this paper, we examine the magnitude and direction of this error in cost and profit efficiency …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 …