Do market share and efficiency matter for each other An application of the zero-sum gains data envelopment analysis

Journal of the Operational Research Society

Volumn 61, Issue 4, 2010, Pages 647-657

  Hu, J L ^a   Fang, C Y ^a,b  

^a NATIONAL CHIAO TUNG UNIVERSITY   (Taiwan)

^b CHINA UNIVERSITY OF TECHNOLOGY   (Taiwan)

Author keywords

Zero sum gains data envelopment analysis (ZSG DEA); panel data; two stage least squares procedure (2SLS)

Indexed keywords

COMMERCE; COMPETITION; DATA ENVELOPMENT ANALYSIS;

DEA MODELS; FINANCIAL CAPITAL; FIXED ASSETS; MARKET SHARE; PANEL DATA; RESEARCH ANALYSIS; TWO STAGE LEAST SQUARES; ZERO SUMS;

EFFICIENCY;

EID: 77949434877     PISSN: 01605682     EISSN: 14769360     Source Type: Journal    
DOI: 10.1057/jors.2009.11     Document Type: Article

References (41)

1. Ashton JK (2001). Cost efficiency characteristics of British retail banks. Serv Indust J 21: 159-174.
2. Banker RD, Charnes A and Cooper WW (1984). Some models for estimating technical and scale efficiencies in data envelopment analysis. Mngt Sci 30: 1078-1092.
3. Barber BM and Odean T (2001). The Internet and the investor. J Econ Perspect 15(1): 41-54.
4. Belsley DA, Kuh E and Welsch RE (1980). Regression Diagnostics: Identifying Influential Data and Sources of Collinearity. Wiley: New York.
5. Berger AN and Mester LJ (1997). Inside the black box: What explains differences in the efficiencies of financial institutions? J Bank Fin 21: 895-947.
6. Bierlen R and Featherstone AM (1998). Fundamental q, cash flow, and investment: Evidence from farm panel data. Rev Econ Statist 80: 427-435.
7. Blundell R, Griffith R and Van Reenen J (1999). Market share, market value and innovation in a panel of British manufacturing firms. Rev Econ Stud 66: 529-554.
8. Brockett PL, Cooper WW, Kumbhakar SC, Kwinn MJ and McCarthy D (2004). Alternative statistical regression studies of the effects of joint and service specific advertising on military recruitment. J Opl Res Soc: (Part Special Issue: Data Envelopment Analysis) 55: 1039-1048.
9. Camanho AS and Dyson RG (2005). Cost efficiency, production and value-added models in the analysis of bank branch performance. J Opl Res Soc 56: 483-494.
10. Charnes A, Cooper WW and Rhodes E (1978). Measuring the efficiency of decision making units. Eur J Opl Res 2: 429-444.
11. Chong BS, Liu MH and Tan KH (2006). The wealth effect of forced bank mergers and cronyism. J Bank Fin 30: 3215-3233.
12. Coelli TJ (1996). A guide to DEAP Version 2.1: A data envelopment analysis (computer) program. CEPA working paper, Department of Econometrics, University of New England, Armidale, Australia.
13. Daneshvary N and Clauretie TM (2007). Gender differences in the valuation of employer-provided health insurance. Econ Inq 45: 800-816.
14. Demsetz H (1973). Industry structure, market rivalry, and public policy. J Law Econ 16(1): 1-9.
15. Deyoung R and Nolle DE (1996). Foreign-owned banks in the United States: Earning market share or buying it? J Money, Credit Bank 28: 622-636.
16. Dimelis S and Louri H (2002). Foreign ownership and production efficiency: A quantile regression analysis. Oxford Econ Pap 54: 449-469.
17. Drake L and Hall MJB (2003). Efficiency in Japanese banking: An empirical analysis. J Bank Fin 27: 891-917.
18. Drake L, Hall MJB and Simper R (2006). The impact of macroeconomic and regulatory factors on bank efficiency: A nonparametric analysis of Hong Kong's banking system. J Bank Fin 30: 1443-1466.
19. Durbin J and Watson GS (1950). Testing for serial correlation in least squares regression I. Biometrika 37: 409-428.
20. Durbin J and Watson GS (1951). Testing for serial correlation in least squares regression. II. Biometrika 38: 159-178.
21. Feinberg RM (2001). The competitive role of credit unions in small local financial services markets. Rev Econ Statist 83: 560-563.
22. Fukuyama H and Weber WL (1999). The efficiency and productivity of Japanese securities firms, 1988-93. Japan World Econ 11: 115-133.
23. Goldberg LG and Rai A (1996). The structure-performance relationship for European banking. J Bank Fin 20: 745-771.
24. Goldberg LG, Hanweck GA, Keenan M and Young A (1991). Economies of scale and scope in the securities industry. J Bank Fin 15: 91-107.
25. Guerrero MM, Egea JMO and Gonźalez MVR (2007). Application of the latent class regression methodology to the analysis of Internet use for banking transactions in the European Union. J Bus Res 60: 137-145.
26. Hannan TH (1991). Foundations of the structure-conduct-performance paradigm in banking. J Money, Credit Bank 23: 68-84.
27. Heckman J (1978). Dummy endogenous variables in a simultaneous equation system. Econometrica 46: 931-959.
28. Li Y, Hu JL and Chiu YH (2004). Ownership and production efficiency: Evidence from Taiwanese banks. Serv Indust J 24: 129-148.
29. Lins MPE, Gomes EG, Soares de Mello JCCB and Soares de Mello AJR (2003). Olympic ranking based on a zero sum gains DEA model. Eur J Opl Res 148: 312-322.
30. Lo SF and Lu WM (2006). Does size matter? Finding the profitability and marketability benchmark of financial holding companies. Asia-Pacific J Opl Res 23: 229-246.
31. Martin S (1979). Advertising, concentration, and profitability: The simultaneity problem. Bell J Econ 10: 639-647.
32. Martin S (1988). Market power and/or efficiency? Rev Econ Statist 70: 331-335.
33. Mueller DC (1985). Mergers and market share. Rev Econ Statist 67: 259-267.
34. O'Brien Jr. WF (2002). Does campaign spending on advertising determine market share? J Bus Econ Stud 8(1): 65-89.
35. Peltzman S (1977). The gains and losses from industrial concentration. J Law Econ 20: 229-263.
36. Ramanathan R (2002). Introductory Econometrics with Applications, 5th edn, Thomson Learning: Mason, OH, USA.
37. Shepherd WG (1986). Tobin's q and the structure-performance relationship: Comment. Am Econ Rev 76: 1205-1210.
38. Smirlock M (1985). Evidence on the (non) relationship between concentration and profitability in banking. J Money, Credit Bank 17(1): 69-83.
39. Tracy DL and Chen B (2005). A generalized model for weight restrictions in data envelopment analysis. J Opl Res Soc 56: 390-396.
40. Wang KL, Tseng YT and Weng CC (2003). A study of production efficiencies of integrated securities firms in Taiwan. Appl Fin Econ 13: 159-167.
41. Zhang WD, Zhang S and Luo X (2006). Technological progress, inefficiency, and productivity growth in the US securities industry, 1980-2000. J Bus Res 59: 589-594.