| Reference : Determinants of bank efficiency: Evidence from a semi-parametric mathodology |
| Scientific journals : Article | |||
| Business & economic sciences : Finance | |||
| http://hdl.handle.net/10993/5697 | |||
| Determinants of bank efficiency: Evidence from a semi-parametric mathodology | |
| English | |
Papanikolaou, Nikolaos  [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Luxembourg School of Finance (LSF)] | |
| Delis, Manthos [> >] | |
| 2009 | |
| Managerial Finance | |
| Emerald | |
| 35 | |
| 3 | |
| Efficiency of financial institutions - part II | |
| 260-275 | |
| Yes | |
| International | |
| 0307-4358 | |
| [en] Banks ; Cost effectiveness ; Modelling | |
| [en] Purpose – This paper aims to analyze bank efficiency into a number of bank-specific, industryspecific and macroeconomic determinants.
Design/methodology/approach – The authors follow a semi-parametric two-stage methodology, where productive efficiency is derived via a non-parametric technique in the first stage and then the scores obtained are linked to a series of determinants of bank efficiency, using a double bootstrapping procedure. Findings – Overall, it is found that the banking sectors of almost all the sample countries show a gradual improvement in their efficiency levels. The model used shows that a number of determinants like bank size, industry concentration and the investment environment have a positive impact on bank efficiency, which is not the case when standard Tobit models are employed. Research limitations/implications – The findings have important implications for the relevance of well-known hypotheses that refer to the performance of the banking sectors, like the structure conduct-performance and the efficient structure hypotheses. These implications are not necessarily verified when past conventional econometric methodologies are used. Practical implications – The paper offers new insights to policy makers, bank managers and practitioners on the relevance of a number of driving factors of bank efficiency that might help them to improve the performance of the banking system and enhance the quality of services provided. Originality/value – This is the first paper in the bank efficiency literature that employs a semiparametric two-stage model, which relaxes several deficiencies of previous two-stage empirical approaches thus, offering a solution to the many problematic features of standard censored regressions. | |
| Researchers ; Professionals ; Students | |
| http://hdl.handle.net/10993/5697 | |
| http://www.emeraldinsight.com/journals.htm?articleid=1770515&show=pdf |
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