different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …

We analyze the stability of efficiency rankings of German universal banks between …

different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …

the inter-temporal relationships among bank efficiency, capital and bank risk-taking in the EU-26 commercial banking …The recent period of crisis in credit markets has highlighted the crucial role of bank risk taking. Our paper assesses …, our paper provides evidence that higher performance (enhanced efficiency) has been not related to higher managerial skills …

Efforts to control bank risk address the wrong problem in the wrong way. They presume that the financial crisis was … caused by CEOs who failed to supervise risk-taking employees. The responses focus on executive pay, believing that executives … will bring non-executives into line — using incentives to manage risk-taking — once their own pay is regulated. What they …

Within the prospect theory the paper examines production and hedging decisions of a competitive firm under price …,sigma)-preference. In contrast to the literature our findings show that the production under uncertainty can be larger than in the certainty …