Chen, Ku-Hsieh - In: Journal of Banking & Finance 36 (2012) 7, pp. 1911-1927
This study reappraises banks’ productivity by using 42 Taiwanese banks during 1999–2007 as observations. It introduces an input-oriented generalized metafrontier Malmquist productivity index (I-gMMPI), while considering the latent effect of risk-taking behavior in the analytic framework. We...