The evolution of an industry: US thrifts in the 1990s

Journal of Banking and Finance

Volumn 21, Issue 10, 1997, Pages 1375-1394

  Stiroh, Kevin J ^a  

^a Economics Department ^*  (United States)

Author keywords

Banks and other depository institutions; Technical change

Indexed keywords

EID: 0031256508     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0378-4266(97)00023-X     Document Type: Article

References (20)

1. Barth, J.R., 1991. The Great Savings and Loan Debacle. AEI Press, Washington DC.
2. Baumol, W.J., Panzar, J.C., Willig, R.D., 1982. Contestable Markets and the Theory of Industry Structure. Harcourt, Brace Jovanovich, New York.
3. Berger, A.N., Hanweck, G.A., Humphrey, D.B., 1987. Competitive viability in banking: Scale, scope and product mix economies. Journal of Monetary Economics 20, 501-520.
4. Berger, A.N., Hunter, W.C., Timme, S.G., 1993. The efficiency of financial institutions: A review and preview of research past, present and future. Journal of Banking and Finance 17, 221-249.
5. Cebenoyan, A.S., Cooperman, E.S., Register, C.A., Hudgins, S.C., 1993. The relative efficiency of stock versus mutual S&Ls: A stochastic cost frontier approach. Journal of Financial Services Research 7 (2), 151-170.
6. Clark, J.A., 1996. Economic cost scale, efficiency, and competitive viability in banking. Journal of Money, Credit and Banking 28 (3), 342-364.
7. Dowling, W.A., Philippatos, G., 1990. Economies of scale in the US savings and loan industry. Applied Economics 22, 237-248.
8. Garbaccio, R.F., Hermalin, B.E., Wallace, N.E., 1994. A comparison of nonparametric methods to measure efficiency in the savings and loan industry. Journal of the American Real Estate and Urban Economics Association 22 (1), 169-193.
9. Goldstein, S.J., McNulty, J.E., Verbrugge, J., 1987. Scale economies in the savings and loan industry before diversification. Journal of Economics and Business 39, 199-207.
10. Humphrey, D.B., 1990. Why do estimates of bank scale economies differ? Economic Review 76, 38-50.
11. Kim, M., 1986. Banking technology and the existence of a consistent output aggregate. Journal of Monetary Economics 18, 181-195.
12. Mester, L.J., 1993. Efficiency in the savings and loan industry. Journal of Banking and Finance 17, 267-286.
13. Mester, L.J., 1987. A multiproduct cost study of savings and loans. The Journal of Finance XLIII (2), 423-445.
14. Miller, S.M., Noulas, A.G., 1996. The technical efficiency of large bank production. Journal of Banking and Finance 20, 495-509.
15. Mitchell, K., Onvural, N.M., 1996. Economies of scale and scope at large commercial banks: Evidence from the fourier flexible functional form. Journal of Money, Credit and Banking 28 (2), 178-199.
16. Office of Thrift Supervision, 1995. OTS New Release, 95-61.
17. Office of Thrift Supervision, 1996a. OTS New Release, 96-16.
18. Office of Thrift Supervision, 1996b. OTS New Release, 96-36.
19. Stiroh, K.J., 1997. Measuring firm behavior in a consolidating industry: Evidence from US thrifts (manuscript).
20. White, H., 1980. A heteroskedasticity - Consistent covariance matrix and a direct test for heteroskedasticity. Econometrica 48, 817-838.