메뉴 건너뛰기




Volumn 14, Issue 3, 2005, Pages 283-303

Cost frontier efficiency and risk-return analysis in an emerging market

Author keywords

Cost efficiency; Emerging market; Liquidity and capitalization risk; Risks returns; U.A.E. banks

Indexed keywords


EID: 20344368294     PISSN: 10575219     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.irfa.2004.10.006     Document Type: Article
Times cited : (47)

References (36)
  • 1
    • 49449120922 scopus 로고
    • Formulation and estimation of stochastic frontier production models
    • D. Aigner K. Lovell & P. Schmidt Formulation and estimation of stochastic frontier production models Journal of Econometrics 6 1977 21-38
    • (1977) Journal of Econometrics , vol.6 , pp. 21-38
    • Aigner, D.1    Lovell, K.2    Schmidt, P.3
  • 4
    • 10444224078 scopus 로고    scopus 로고
    • Consistency conditions for regulatory analysis of financial institutions: A comparison of frontier efficiency methods
    • Federal Reserve Financial Services, Working paper No. 02-97
    • Bauer, P.W., Berger, A.N., Ferrier, G.D., & Humphrey D.B. (1997). Consistency conditions for regulatory analysis of financial institutions: A comparison of frontier efficiency methods, Federal Reserve Financial Services, Working paper No. 02-97.
    • (1997)
    • Bauer, P.W.1    Berger, A.N.2    Ferrier, G.D.3    Humphrey, D.B.4
  • 6
    • 0001695429 scopus 로고
    • Malmquist indices of productivity growth during the deregulation of Norwegian banking 1980-89
    • S. Berg F. Førsund & E. Jansen Malmquist indices of productivity growth during the deregulation of Norwegian banking 1980-89 Scandinavian Journal of Economics 94 1992 211-228
    • (1992) Scandinavian Journal of Economics , vol.94 , pp. 211-228
    • Berg, S.1    Førsund, F.2    Jansen, E.3
  • 7
    • 0033074730 scopus 로고    scopus 로고
    • The consolidation of the financial services industry: Causes, consequences, and implications for the future
    • Allen N. Berger R.S. Demsetz & P.E. Strahan The consolidation of the financial services industry: Causes, consequences, and implications for the future Journal of Banking and Finance 23 1999 135-194
    • (1999) Journal of Banking and Finance , vol.23 , pp. 135-194
    • Berger, A.N.1    Demsetz, R.S.2    Strahan, P.E.3
  • 8
    • 0031161387 scopus 로고    scopus 로고
    • Problem loans and cost efficiency in commercial banks
    • Allen N. Berger & R. DeYoung Problem loans and cost efficiency in commercial banks Journal of Banking and Finance 21 1997 849-870
    • (1997) Journal of Banking and Finance , vol.21 , pp. 849-870
    • Berger, A.N.1    DeYoung, R.2
  • 9
    • 44949278174 scopus 로고
    • The dominance of inefficiencies over scale and product mix economies in banking
    • Allen N. Berger & D.B. Humphrey The dominance of inefficiencies over scale and product mix economies in banking Journal of Monetary Economics 28 1991 117-148
    • (1991) Journal of Monetary Economics , vol.28 , pp. 117-148
    • Berger, A.N.1    Humphrey, D.B.2
  • 10
    • 0000786043 scopus 로고    scopus 로고
    • Efficiency of financial institutions: International survey and directions for future research
    • Allen N. Berger & D.B. Humphrey Efficiency of financial institutions: International survey and directions for future research European Journal of Operational Research 1998 1997 175-212
    • (1997) European Journal of Operational Research , vol.1998 , pp. 175-212
    • Berger, A.N.1    Humphrey, D.B.2
  • 11
    • 0000572904 scopus 로고
    • The efficiency of financial institutions: A review and preview of research past, present, and future
    • Allen N. Berger Williams C. Hunter & Stephen G. Timme The efficiency of financial institutions: A review and preview of research past, present, and future Journal of Banking and Finance 17 1993 221-249
    • (1993) Journal of Banking and Finance , vol.17 , pp. 221-249
    • Berger, A.N.1    Hunter, W.C.2    Timme, S.G.3
  • 12
    • 0031185036 scopus 로고    scopus 로고
    • Inside the black box: What explains differences in the efficiencies of financial institutions
    • Allen N. Berger & Loretta J. Mester Inside the black box: What explains differences in the efficiencies of financial institutions Journal of Banking and Finance 21 1997 895-947
    • (1997) Journal of Banking and Finance , vol.21 , pp. 895-947
    • Berger, A.N.1    Mester, L.J.2
  • 13
    • 0011704179 scopus 로고    scopus 로고
    • What explains the dramatic changes in cost and profit performance of the U.S. banking industry?
    • Finance and Economic Discussion Series, Federal Reserve Board, Washington D.C., 1999
    • Berger, Allen N., & Mester, Loretta J. (1999). What explains the dramatic changes in cost and profit performance of the U.S. banking industry? Finance and Economic Discussion Series, Federal Reserve Board, Washington D.C., 1999.
    • (1999)
    • Berger, A.N.1    Mester, L.J.2
  • 14
    • 0009165281 scopus 로고    scopus 로고
    • The consolidation of the financial services industry: Causes, consequences, and the implications for the future
    • Working Paper, Federal Reserve Bank of New York
    • Berger, Allen N., & Strahan, P.E., (1998). The consolidation of the financial services industry: Causes, consequences, and the implications for the future, Working Paper, Federal Reserve Bank of New York.
    • (1998)
    • Berger, A.N.1    Strahan, P.E.2
  • 15
    • 0003629868 scopus 로고    scopus 로고
    • Bank-based and market-based financial systems: Cross-country comparisons
    • Working paper, World Bank
    • Demirguc-Kunt, A., & Levine, R., (1999). Bank-based and market-based financial systems: Cross-country comparisons, Working paper, World Bank.
    • (1999)
    • Demirguc-Kunt, A.1    Levine, R.2
  • 16
    • 20344381880 scopus 로고    scopus 로고
    • Integration and banking performance in the European Union: Productivity, technical efficiency, scale efficiency, cost efficiency, and profit efficiency
    • Université Robert Schuman, Strasbourg (mimeo)
    • Dietsch, M., Ferrier, G., & Weill., L. (1998). Integration and banking performance in the European Union: Productivity, technical efficiency, scale efficiency, cost efficiency, and profit efficiency, Université Robert Schuman, Strasbourg (mimeo).
    • (1998)
    • Dietsch, M.1    Ferrier, G.2    Weill, L.3
  • 17
    • 0001968889 scopus 로고
    • On the bias in flexible function forms and an essentially unbiased form: The Fourier flexible form
    • A. Ronald Gallant On the bias in flexible function forms and an essentially unbiased form: The Fourier flexible form Journal of Econometrics 15 1981 211-245
    • (1981) Journal of Econometrics , vol.15 , pp. 211-245
    • Gallant, A.R.1
  • 18
    • 0003250284 scopus 로고    scopus 로고
    • Cost efficiency of the farmers' credit unions in Taiwan
    • T.-T. Fu C.J. Huang & C.A. Knox Lovell (Eds.), Edward Elgar Publishing Northampton, MA
    • C.J. Huang T.-T. Fu & M.Y. Huang Cost efficiency of the farmers' credit unions in Taiwan In T.-T. Fu C.J. Huang & C.A. Knox Lovell (Eds.), Economic Efficiency and Productivity Growth in the Asia-Pacific Region 1999 Edward Elgar Publishing Northampton, MA
    • (1999) Economic Efficiency and Productivity Growth in the Asia-Pacific Region
    • Huang, C.J.1    Fu, T.-T.2    Huang, M.Y.3
  • 19
    • 0000394178 scopus 로고
    • A quality and risk-adjusted cost function for banks: Evidence on the "too-big-to-fail" doctrine
    • J.P. Hughes & L.J. Mester A quality and risk-adjusted cost function for banks: Evidence on the "too-big-to-fail" doctrine Journal of Productivity Analysis 4 1993 293-315
    • (1993) Journal of Productivity Analysis , vol.4 , pp. 293-315
    • Hughes, J.P.1    Mester, L.J.2
  • 20
    • 20344371294 scopus 로고    scopus 로고
    • International Monetary Fund (IMF). Country Report No. 03/67, March 2003
    • International Monetary Fund (IMF)., 2003. Country Report No. 03/67, March 2003.
    • (2003)
  • 21
    • 49049139741 scopus 로고
    • On estimation of technical inefficiency in the stochastic frontier production function model
    • James Jondrow C.A. Knox Lovell I.S. Materov & Peter Schmidt On estimation of technical inefficiency in the stochastic frontier production function model Journal of Econometrics 19 1982 233-238
    • (1982) Journal of Econometrics , vol.19 , pp. 233-238
    • Jondrow, J.1    Knox Lovell, C.A.2    Materov, I.S.3    Schmidt, P.4
  • 22
    • 0001774609 scopus 로고    scopus 로고
    • The Achilles' heel of Thailand's financial market
    • T.-T. Fu C.J. Huang & C.A. Knox Lovell (Eds.) Edward Elgar Publishing Northampton, MA
    • J.E. Leightner The Achilles' heel of Thailand's financial market In T.-T. Fu C.J. Huang & C.A. Knox Lovell (Eds.) Economic Efficiency and Productivity Growth in the Asia-Pacific Region 1999 Edward Elgar Publishing Northampton, MA
    • (1999) Economic Efficiency and Productivity Growth in the Asia-Pacific Region
    • Leightner, J.E.1
  • 24
  • 25
    • 0346613552 scopus 로고    scopus 로고
    • Stock markets, banks and economic growth
    • R. Levine & S. Zervos Stock markets, banks and economic growth American Economic Review 88 1998 537-558
    • (1998) American Economic Review , vol.88 , pp. 537-558
    • Levine, R.1    Zervos, S.2
  • 26
    • 0002216857 scopus 로고
    • Production frontiers and productive efficiency
    • H.O. Fried C.A.K. Lovell & S.S. Schmidt (Eds.) Oxford University Press New York
    • C.A.K. Lovell Production frontiers and productive efficiency In H.O. Fried C.A.K. Lovell & S.S. Schmidt (Eds.) The Measurement of Productive Efficiency: Techniques and Applications 1993 Oxford University Press New York 3-67
    • (1993) The Measurement of Productive Efficiency: Techniques and Applications , pp. 3-67
    • Lovell, C.A.K.1
  • 28
    • 0030194370 scopus 로고    scopus 로고
    • A study of bank efficiency taking in to account risk preferences
    • L.J. Mester A study of bank efficiency taking in to account risk preferences Journal of Banking and Finance 20 1996 1024-1045
    • (1996) Journal of Banking and Finance , vol.20 , pp. 1024-1045
    • Mester, L.J.1
  • 29
    • 0001260667 scopus 로고    scopus 로고
    • Economies of scale and scope at large commercial banks: Evidence from the Fourier flexible functional form
    • May
    • Karlyn Mitchell & Nur M. Onvural Economies of scale and scope at large commercial banks: Evidence from the Fourier flexible functional form Journal of Money, Credit, and Banking 28 2 1996, May
    • (1996) Journal of Money, Credit, and Banking , vol.28 , Issue.2
    • Mitchell, K.1    Onvural, N.M.2
  • 31
    • 0013110541 scopus 로고    scopus 로고
    • The production technology of Philippine domestic banks in the pre-Asian crisis period: Estimation of the cost functions in the 1990-96 period
    • Working paper, Hitotsubashi University
    • Okuda, H., 2000. The production technology of Philippine domestic banks in the pre-Asian crisis period: Estimation of the cost functions in the 1990-96 period. Working paper, Hitotsubashi University.
    • (2000)
    • Okuda, H.1
  • 33
    • 0008624852 scopus 로고    scopus 로고
    • Cost efficiencies and interest margins in a unified European banking market
    • D. Ruthenberg & R. Elias Cost efficiencies and interest margins in a unified European banking market Journal of Economics and Business 48 1996 231-249
    • (1996) Journal of Economics and Business , vol.48 , pp. 231-249
    • Ruthenberg, D.1    Elias, R.2
  • 34
    • 20344385102 scopus 로고    scopus 로고
    • Costs, competitiveness and the changing structure of European banking
    • Working Paper Foundation Bank de France Pour la Recherche
    • Sheldon, G. (1999). Costs, competitiveness and the changing structure of European banking, Working Paper, Foundation Bank de France Pour la Recherche.
    • (1999)
    • Sheldon, G.1
  • 35
    • 0002776770 scopus 로고    scopus 로고
    • Cost and profit dynamics in financial conglomerates and universal banking in Europe
    • University of Ghent (mimeo)
    • Vander Vennet, R. (1999). Cost and profit dynamics in financial conglomerates and universal banking in Europe. University of Ghent (mimeo).
    • (1999)
    • Vander Vennet, R.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.