This study examines the impact of bond markets on both bank profit and cost efficiency. By employing the stochastic … efficiency. The development of bond markets generally has a positive (negative) effect on bank profit (cost) efficiency. Given … local currency corporate bonds is significantly and positively related to both bank profit and cost efficiency. In addition …

financial intermediation and the supremacy of banks' efficiency. This study examines the concurrent effects of bank risk … intermediation, bank risk, and efficiency and validated the nonlinear relationship considering size and market competition effect. …, efficiency and cost of financial intermediation of Bangladeshi commercial banks. The Two-Step System GMM (2GMM) estimators of …

function with a timevariable stochastic efficiency term we show that positive scale and scope effects from a merger arise only … taken over by others are less efficient than the average bank in the same size class, but exhibit on average the same … efficiency as the acquiring firms. For the post-merger phase, our empirical results provide no evidence for efficiency gains from …