We assess the effects of geographic expansion on bank efficiency using cost and profit efficiency for over 7,000 U.S. banks, 1993-1998. We find that parent organizations exercise some control over the efficiency of their affiliates, although this control tends to dissipate with distance to the...

We test whether the gains from hiring an outside manager exceed the principal-agent costs of owner-manager separation at 266 small, closely held U.S. commercial banks. Our results suggest that hiring an outside manager can improve a bank's profit efficiency, but that these gains depend on...

After controlling for loan quality, liquidity, capitalization, and output mix, per unit bank operating costs are found to vary significantly across Asian countries and over time. Further analysis reveals that the country rankings of per unit labor and physical capital costs are highly...

Increasing membership attrition has stimulated research into the costs and benefits of Federal Reserve System membership compared to the nonmembership alternative. Recent research has contributed to our understanding of the membership question in two important ways.

A comparison of alternative methods for estimating inefficiency and productivity growth in banking, showing that inefficiencies are sufficiently large to dominate scale economies and that measured technological progress has been small, or even negative, as a result of institutional events that...

Profitability change can be decomposed into the product of a total factor productivity (TFP) index and an index measuring changes in relative prices. Many TFP indexes can be further decomposed into measures of technical change, technical efficiency change, scale efficiency change and mix...

Es scheint seit einiger Zeit kaum ein Tag zu vergehen, an dem nicht über einen Zusammenschluss von Banken - wie im übrigen auch anderer Unternehmen - berichtet wird.

Abstract: A detailed report for food policy makers and economists reviews the concepts and existing research findings on establishing economy of scale adjustments in order to assess whether such adjustments would be justifiable for the US Food Stamp Program (FSP). Following an evaluation of...