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association started with a voluntary benchmarking aimed to increase the efficiency and effectiveness of the sector. Secondly … efficiency of these two evolutions. In particular, we adapt Free Disposal Hull (FDH) to estimate robust and conditional non …-oriented efficiency estimates. Parametric COLS (Fourier) tests show the robustness of the model with respect to the specification and its …
Persistent link: https://www.econbiz.de/10011373828
We study spillover effects within co-offending networks by leveraging deaths of co-offenders for causal identification …
Persistent link: https://www.econbiz.de/10014580742
Almost Ideal Demand System. In addition, we suggest a more general way of measuring efficiency that can incorporate a concern …
Persistent link: https://www.econbiz.de/10011576770
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 … profit and cost efficiency. Moreover, given the development level of a country’s corporate bond market, a greater share of …
Persistent link: https://www.econbiz.de/10012181894
16 departments. The study illustrates how the recent developments in efficiency analysis and statistical inference can be …
Persistent link: https://www.econbiz.de/10011524091
Persistent link: https://www.econbiz.de/10010473440
The study of firms' default has attracted wide interest among both practitioners and scholars. However, attention has often been limited to a relatively small set of financial variables. In this work, we try to increase the scope of analysis extending the investigation to other possible...
Persistent link: https://www.econbiz.de/10003744957
measure inputs. Contrasting two alternative econometric strategies to identify technical efficiency yields relatively stable … results. Furthermore, the paper addresses the problem of unobserved heterogeneity by relating the obtained efficiency rankings …. The results suggest that technical efficiency rankings can be obtained in a relatively simple econometric setting …
Persistent link: https://www.econbiz.de/10008906651
Earlier studies found little evidence of scale economies at large banks; later studies using data from the 1990s uncovered such evidence, providing a rationale for very large banks seen worldwide. Using more recent data, we estimate scale economies using two production models. The standard...
Persistent link: https://www.econbiz.de/10009238625
Using panel data from German establishments, this study finds that performance pay is associated with increased productivity only when it is coupled with a high-wage policy. This holds for individual-based performance pay, group-based performance pay and profit sharing.
Persistent link: https://www.econbiz.de/10010512084