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Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in … efficiency, and (iii) high competition is less conductive to efficiency than moderate or low competition. In terms of ownership …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic …
Persistent link: https://www.econbiz.de/10010510115
In recent years stock exchanges have been increasingly diversifying their operations into related business areas such as derivatives trading, post-trading services and software sales. This trend can be observed most notably among profit-oriented trading venues. While the pursuit for...
Persistent link: https://www.econbiz.de/10010263317
. For this purpose we calculate in a first step individual efficiency and productivity values via DEA. In a second step we … shed light on this topic by comparing the efficiency and productivity of exchanges with differing governance arrangements … order to determine efficiency and productivity differences between (1) mutuals (2) demutualized but customer-owned exchanges …
Persistent link: https://www.econbiz.de/10010265524
Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...
Persistent link: https://www.econbiz.de/10011448727
, risk and efficiency. Compensation analyses show strong variation in compensation schemes between banks and bank divisions …
Persistent link: https://www.econbiz.de/10011742813
We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …
Persistent link: https://www.econbiz.de/10012972324
We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using …
Persistent link: https://www.econbiz.de/10012972325
efficiency. This study also reveals that ownership concentration (blockholding) has adverse effects for the profit and cost … efficiency of banks …
Persistent link: https://www.econbiz.de/10013232623
Persistent link: https://www.econbiz.de/10009509841
2004 and 2011. Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) are used to estimate the efficiency …This paper evaluates the efficiency of the twenty-one largest Syndicates of Lloyd's of London. Members of Lloyd's of …, that the average annual efficiency estimates for all Syndicates are plausible and they follow three-year cycles. Secondly …
Persistent link: https://www.econbiz.de/10011300255