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 … significant gains in total factor productivity, and there is an upward trend in scale and allocative efficiency. More diversified …

would be wrong and (ii) how revenue and cost efficiencies contribute to profit efficiency. Using data from U.S. commercial ….5% is due to revenue inefficiency and 4.7% to cost inefficiency. Cost efficiency weighs more than revenue efficiency in … estimated profit efficiency. However, compared with cost inefficiency, revenue inefficiency affects more overall profitability …

industries create differences in efficiencies. Since efficiency is a valuable measurement to indicate the ability of an … cost efficiencies in order to find new evidence given the mixed results in previous literature. Profit efficiency is also … compared with cost efficiency based on a parametric approach. The results regarding cost and profit efficiency conforms to …

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 …

, for determining efficiency in the presence of radial and nonradial inputs or outputs. Further extension of the scheme … occurred to address nonseparable desirable and undesirable outputs. Applying the model to measure the overall efficiency of U … overall management and environmental efficiency between 1996 and 2000 …

for convergent clusters in banking efficiency. Findings - Our main findings show that the bank efficiency of the US is …Purpose - This paper investigates the development of efficiency and the progress of banking integration in the European … bootstrap DEA method, which absorbs the effects of possible integration barriers in the measurement of efficiency. Afterwards …

document dramatic distortions in banks' efficiency, productivity growth and scale elasticity estimates when the endogeneity of … -- 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 …

gains in technology and productivity, there was a decrease in overall efficiency for both large and small banks in 2003 …A non-parametric approach is used to examine the effects of globalization and deregulation on the efficiency and … productivity growth of small and large banks in the U.S. between 1990 and 2003. Using a representative sample of commercial banks …