evidence to conclude that bank efficiencies are different either between the US and Canada, or between large and small banks in …

The paper examines efficiency, productivity and scale economies in the U.S. property-liability insurance industry …. Productivity change is analyzed using Malmquist indices, and efficiency is estimated using data envelopment analysis (DEA). The … results indicate that the majority of firms below median size in the industry are operating with increasing returns to scale …

evidence of significant scale economies across the entire bank size distribution. Returns to scale are persistent over time …, decrease with bank size, and contribute significantly to TFP growth. Our results indicate that almost all small and medium size …

-- an inherent characteristic of the bank's production due to its exposure to credit risk. Specifically, we model … nonperforming loans as an undesirable output in the bank's production process. Since the stochastic DTDF describing banking … consisting of the DTDF and the first-order conditions from the bank's cost minimization problem. The first-order conditions also …

in the efficiency and productivity of U.S. banks between 1985 and 2004. We find that larger banks experienced larger … efficiency and productivity gains than small banks, consistent with the presumption that recent changes in regulation and …

We examine the relationship between lax monetary policy, access to high-yield bond markets and productivity in the US … higher risk profile. Since the relationship between credit ratings and firm-level productivity is U-shaped, the aggregate … effect on productivity is a priori unclear. Turning to the real economy, we thus analyse whether this additional access to …

model, the state-wide total factor productivity growth (TFPG) indices of US commercial banks for each state for the 1971 …-1995 period. We observe that the productivity growth of commercial banks in state i depends strongly, positively, and … contemporaneously on the productivity growth of commercial banks located in state i's contiguous states. Further, "regulatory space …

model, the state-wide total factor productivity growth (TFPG) indices of US commercial banks for each state for the 1971 …-1995 period. We observe that the productivity growth of commercial banks in state i depends strongly, positively, and … contemporaneously on the productivity growth of commercial banks located in state i's contiguous states. Further, regulatory space …

We examine empirically cross-fertilization in the productivity growth of banks between a state and its neighboring and …) deregulations, upon which, cross-border bank M&As, mainly among neighboring states, could enhance cross-fertilization by injecting … new blood and awakening the market for corporate control. Results show that cross-fertilization in bank performance …