Bonin, John P.; Hasan, Iftekhar; Wachtel, Paul - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2004
Using data from 1996 to 2000, we investigate the effects of ownership, especially by a strategic foreign owner, on bank efficiency for eleven transition countries in an unbalanced panel consisting of 225 banks and 856 observations. Applying stochastic frontier estimation procedures, we compute...