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This study examines the productivity growth of the nationwide banks of China and a sample of city commercial, banks for … the eleven years to 2007. Estimates of total factor productivity growth are constructed with appropriate confidence … alternative sets of outputs. The productivity growth of the state-owned commercial banks (SOCBs) is compared with the joint …
Persistent link: https://www.econbiz.de/10010288751
This paper proposes one measure for the productivity of banks and studies how it affects the sensitivity of a client … firm's capital investment with respect to investment opportunity. As a direct measure for the productivity of banks, we … employ the risk-adjusted profit of an individual bank, which is considered as output in a modified version of the FISIM …
Persistent link: https://www.econbiz.de/10009154055
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 …
Persistent link: https://www.econbiz.de/10008938606
service value added, and it follows from a unified model of bank operation that integrates risk and the measurement of bank … dispersion in productivity levels across BHCs. This implies that one potential benefit of bank mergers is the acquisition by more …This paper uses a new measure of bank service output to estimate various specifications of production and cost …
Persistent link: https://www.econbiz.de/10014067566
the traditional accounting ratios and the sophisticated DEA methodology in the measurement of bank efficiency. GLS random …The recent literature on measuring bank performance indicates a preference for sophisticated techniques over simple … accounting ratios. We explore the results and relationships between bank efficiency estimates using accounting ratios and Data …
Persistent link: https://www.econbiz.de/10003898782
systemic risk lingered. Implications to bank regulatory policy and credit risk measurement are discussed …
Persistent link: https://www.econbiz.de/10013031932
We propose a methodology for measuring the market-implied capital of banks by subtracting from the market value of equity (market capitalization) a credit spread-based correction for the value of shareholders’ default option. We show that without such a correction, the estimated impact of a...
Persistent link: https://www.econbiz.de/10013306392
This study examines the productivity growth of the nationwide banks of China over the ten years to 2006. Using a … bootstrap method for the Malmquist index estimates of productivity growth are constructed with appropriate confidence intervals … for the robustness of the results by examining alternative sets of outputs. The productivity growth of the state …
Persistent link: https://www.econbiz.de/10010288855
This study examines the productivity growth of the nationwide banks of China over the ten years to 2006. Using a …-Stock banks was markedly higher. -- Bank Efficiency ; Productivity ; Malmquist index ; Bootstrapping … bootstrap method for the Malmquist index estimates of productivity growth are constructed with appropriate confidence intervals …
Persistent link: https://www.econbiz.de/10008700142
This study examines the productivity growth of the nationwide banks of China and a sample of city commercial, banks for … the eleven years to 2007. Estimates of total factor productivity growth are constructed with appropriate confidence … alternative sets of outputs. The productivity growth of the state-owned commercial banks (SOCBs) is compared with the joint …
Persistent link: https://www.econbiz.de/10013156609