We examine the relationship between cost efficiency of US banks and FED activity level. It turns out that FED actions have a positive effect on cost efficiencies of the US banks. In particular, as the number of Fed actions increases, the cost efficiencies of the US banks increases. This...

This study applies a panel data stochastic frontier analysis to country data towards examining the effect of gender equity in labor market opportunities upon efficiency in the production of GDP. It finds that aggregate technical efficiency is improved by a widening of women's labor market...

We examine how political corruption affects advertising spending. According to agency theory, managers of firms have a fiduciary duty to make sound investment decisions in the interest of shareholders. To fend off expropriation and extortion from public officials, managers may run up their...

We propose a spatial autoregressive stochastic frontier model, which allows for endogenous spillovers (i.e., the spatial weighting matrix is not independent of the two-sided error term). The parameters of the model are estimated via the maximum likelihood estimation method. Monte Carlo...

In technical analysis, price supports and resistances play an important role. In line with the stochastic frontier analysis, we present a formal model to estimate the bottom price support for a stock or cryptocurrency. As an example, we examine Bitcoin’s bottom price

This study introduces a novel Bayesian switching stochastic frontier model for predicting the direction of investment means, such as stocks, cryptocurrencies, and precious metals. The model considers three market states: bear, consolidation, and bull. We demonstrate the model's applicability...

This study applies a panel data stochastic frontier analysis to country data towards examining the effect of gender equity in labor market opportunities upon efficiency in the production of GDP. It finds that aggregate technical efficiency is improved by a widening of women's labor market...