Efficiency and scale economies in transition economies: Evidence from Poland and the Czech Republic

Emerging Markets Finance and Trade

Volumn 41, Issue 2, 2005, Pages 60-81

  Asman, Adnan ^a  

^a DOKUZ EYLUL UNIVERSITY   (Turkey)

Author keywords

Cost inefficiency; Economies of scale; Transition economies

Indexed keywords

EID: 20744433048     PISSN: 1540496X     EISSN: None     Source Type: Journal    
DOI: 10.1080/1540496x.2005.11052605     Document Type: Article

References (28)

1. Aigner, D.J.; C.A. Lovell; and P. Schmidt. 1977. "Formulation and Estimation of Stochastic Frontier Production Function Models." Journal of Econometrics 6, no. 1: 23-37.
2. Allen, L., and A. Rai. 1996 "Operational Efficiency in Banking: An International Comparison." Journal of Banking and Finance 20, no. 4: 655-672.
3. Altunbas, Y.; M.H. Liu; P. Molyneux; and R. Seth. 2000. "Efficiency and Risk in Japanese Banking." Journal of Banking and Finance 24, no. 10: 1605-1628.
4. Anderson, R., and C. Kegels. 1998. Transition Banking: Financial Development of Central and Eastern Europe. Oxford: Clarendon Press.
5. Berg S.; F. Førsung; L. Hjalmarsson; and M. Suominen. 1993. "Banking Efficiency in the Nordic Countries." Journal of Banking and Finance 17, no. 2: 371-388.
6. Berger, A.N., and D.B. Humphrey. 1997. "Efficiency of Financial Institutions: International Survey and Directions for Future Research." European Journal of Operational Research 98, no. 2: 175-212.
7. Berger, A.N.; G.A. Hanweck; D.B. Humphrey. 1987. "Competitive Viability in Banking: Scale, Scope, and Reassessment." Journal of Money, Credit and Banking 14, no. 4: 435-456.
8. Cavallo, L., and P.S. Rossi. 2001. "Scale and Scope Economies in the European Banking Systems." Journal of Multinational Financial Management 11, no. 4: 515-531.
9. Dietsch, M., and L. Lozano-Vivas. 2000. "How the Environment Determines Banking Efficiency: A Comparison Between French and Spanish Industries." Journal of Banking and Finance 24, no. 6: 985-1004.
10. Fecher, F., and P. Pestieau. 1993. "Efficiency and Competition in OECD Financial Services." In The Measurement of Productive Efficiency: Techniques and Applications, ed. H.O. Fried, C.A.K. Lovell, and S.S. Schmidt, pp. 374-385. Oxford: Oxford University Press.
11. Hasan, I., and K. Marton. 2003. "Development and Efficiency of the Banking Sector in a Transitional Economy: Hungarian Experience." Journal of Banking and Finance 27, no. 12: 2249-2271.
12. Hughes, J.P.; W. Lang; L.J. Mester; and C. Moon. 1996. "Efficient Banking Under Interstate Branching." Journal of Money, Credit and Banking 28, no. 4: 1045-1071.
13. Jondrow, J.; C.A. Lovell; I.S. Materov; and P. Schmidt. 1982. "On the Estimation of Technical Inefficiency in the Stochastic Frontier Production Model." Journal of Econometrics 19, no. 2: 233-238.
14. Konopielko, L. 1997. "A Note on Polish Bank Consolidation." Journal of Comparative Economics 25, no. 3: 441-447.
15. Kraft, E., and D. Tirtiroglu. 1998. "Bank Efficiency in Croatia: A Stochastic-Frontier Analysis." Journal of Comparative Economics 26, no. 2: 282-300.
16. Maudos, J.; J. Pastor; F. Perez; and J. Quesada. 2002. "Cost and Profit Efficiency in European Banks." Journal of International Financial Markets, Institutions and Money 12, no. 1:33-58.
17. Meeusen, W., and J. van den Broek. 1977. "Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error." International Economic Review 18, no. 2: 435-444.
18. Opiela, T. 2000. "Assessing the Evaluation of Polish Commercial Banks." Paper no. 18, National Bank of Poland, Warsaw.
19. Pastor, J.M.; F. Perez; and J. Quesada. 1997. "Efficiency Analysis in Banking Firms: An International Comparison." European Journal of Operational Research 98, no. 2: 395-407.
20. Perotti, E. 1993. "Bank Lending in Transition Economies." Journal of Banking and Finance 17, no. 5: 1021-1032.
21. Ruthenberg, D., and R. Elias. 1996. "Cost Economies and Interest Rate Margins in a Unified European Banking Market." Journal of Business Economics 48, no. 1: 231-249.
22. Saunders, A., and A. Sommariva. 1993. "Banking Sector and Restructuring in Eastern Europe." Journal of Banking and Finance 17, no. 5: 931-957.
23. Scholtens, B. 2000. "Financial Regulations and Financial System Architecture in Central Europe." Journal of Banking and Finance 24, no. 4: 525-553.
24. Sealey, C., and J.T. Lindley. 1977. "Inputs, Outputs and a Theory of Production and Cost at Depository Financial Institution." Journal of Finance 32, no. 4: 1251-1266.
25. Szego, G.P. 1993. "Introduction on Banks and Capital Markets in Former Planned Coun tries: Their Role in Establishing a Market Economy." Journal of Banking and Finance 17, no. 5: 773-783.
26. Thorne, A. 1993. "Eastern Europe's Experience with Banking Reform: Is There a Role for Bank in the Transition." Journal of Banking and Finance 17, no. 5: 773-783.
27. Weill, L. 2002. "Does Restructuring Improve Banking Efficiency in a Transition Economy?" Applied Economics Letters 9, no. 5: 279-281.
28. _. 2003. "Banking Efficiency in Transition Economies: The Role of Foreign Owner-ship." Economics of Transition 11, no. 3: 569-592.