메뉴 건너뛰기




Volumn 3, Issue 4, 2010, Pages 366-389

The evolution of Malaysian banking sector's efficiency during financial duress: Consequences, concerns, and policy implications

Author keywords

Bank efficiency; Data envelopment analysis; DEA; Malaysia; Panel regression analysis

Indexed keywords


EID: 78349263861     PISSN: 17558077     EISSN: 17558085     Source Type: Journal    
DOI: 10.1504/IJADS.2010.036852     Document Type: Article
Times cited : (18)

References (53)
  • 1
    • 33747182793 scopus 로고    scopus 로고
    • Cross-country efficiency of secondary education provision: A semi-parametric analysis with non-discretionary inputs
    • Afonso, A. and Aubyn, S.t. (2006) 'Cross-country efficiency of secondary education provision: A semi-parametric analysis with non-discretionary inputs', Economic Modelling, Vol. 23, pp.476-491.
    • (2006) Economic Modelling , vol.23 , pp. 476-491
    • Afonso, A.1    Aubyn, S.T.2
  • 2
    • 38949099032 scopus 로고    scopus 로고
    • The impact of mergers and acquisitions on the efficiency of the U.S. banking industry: Further evidence
    • Al-Sharkas, A., Hassan, M.K. and Lawrence, S. (2008) 'The impact of mergers and acquisitions on the efficiency of the U.S. banking industry: Further evidence', Journal of Business, Finance and Accounting, Vol. 35, pp.50-70.
    • (2008) Journal of Business, Finance and Accounting , vol.35 , pp. 50-70
    • Al-Sharkas, A.1    Hassan, M.K.2    Lawrence, S.3
  • 3
    • 33744905588 scopus 로고    scopus 로고
    • Economic reforms and bank efficiency in developing countries: The case of the Indian banking industry
    • Ataullah, A. and Le, H. (2006) 'Economic reforms and bank efficiency in developing countries: the case of the Indian banking industry', Applied Financial Economics, Vol. 16, pp.653-663.
    • (2006) Applied Financial Economics , vol.16 , pp. 653-663
    • Ataullah, A.1    Le, H.2
  • 4
    • 0013066794 scopus 로고    scopus 로고
    • The evidence on efficiency gains: The role of mergers and the benefits to the public
    • Avkiran, N.K. (1999) 'The evidence on efficiency gains: the role of mergers and the benefits to the public', Journal of Banking and Finance, Vol. 23, pp.991-1013.
    • (1999) Journal of Banking and Finance , vol.23 , pp. 991-1013
    • Avkiran, N.K.1
  • 5
    • 78349290304 scopus 로고    scopus 로고
    • Bank Negara Malaysia,Annual Report, BNM Press, Kuala Lumpur
    • Bank Negara Malaysia (2005) Annual Report, BNM Press, Kuala Lumpur.
    • (2005)
  • 6
    • 41549134360 scopus 로고    scopus 로고
    • Evaluating contextual variables affecting productivity using data envelopment analysis
    • Banker, R.D. and Natarajan, R. (2008) 'Evaluating contextual variables affecting productivity using data envelopment analysis', Operations Research, Vol. 56, pp.48-58.
    • (2008) Operations Research , vol.56 , pp. 48-58
    • Banker, R.D.1    Natarajan, R.2
  • 7
    • 0021497874 scopus 로고
    • Some models for estimating technical and scale inefficiencies in data envelopment analysis
    • Banker, R.D., Charnes, A. and Cooper, W.W. (1984) 'Some models for estimating technical and scale inefficiencies in data envelopment analysis', Management Science, Vol. 30, pp.1078-1092.
    • (1984) Management Science , vol.30 , pp. 1078-1092
    • Banker, R.D.1    Charnes, A.2    Cooper, W.W.3
  • 8
    • 0010792845 scopus 로고
    • Predicting bank failure using DEA to quantify management quality
    • Federal Reserve Bank of Dallas
    • Barr, R. and Siems, T. (1994) 'Predicting bank failure using DEA to quantify management quality', Working Paper, Federal Reserve Bank of Dallas.
    • (1994) Working Paper
    • Barr, R.1    Siems, T.2
  • 10
    • 0031161387 scopus 로고    scopus 로고
    • Problem loans and cost efficiency in commercial banks
    • Berger, A.N. and DeYoung, R. (1997) 'Problem loans and cost efficiency in commercial banks', Journal of Banking and Finance, Vol. 21, pp.849-870.
    • (1997) Journal of Banking and Finance , vol.21 , pp. 849-870
    • Berger, A.N.1    DeYoung, R.2
  • 11
    • 69949168636 scopus 로고
    • The megamergers in banking and the use of cost efficiency as an antitrust device
    • Berger, A.N. and Humphrey, D.B. (1992) 'The megamergers in banking and the use of cost efficiency as an antitrust device', Journal of Financial Economics, Vol. 50, pp.187-229.
    • (1992) Journal of Financial Economics , vol.50 , pp. 187-229
    • Berger, A.N.1    Humphrey, D.B.2
  • 12
    • 0000786043 scopus 로고    scopus 로고
    • Efficiency of financial institutions: International survey and directions for future research
    • Berger, A.N. and Humphrey, D.B. (1997) 'Efficiency of financial institutions: International survey and directions for future research', European Journal of Operational Research, Vol. 98, pp.175-212.
    • (1997) European Journal of Operational Research , vol.98 , pp. 175-212
    • Berger, A.N.1    Humphrey, D.B.2
  • 13
    • 20444497380 scopus 로고    scopus 로고
    • Corporate governance and bank performance: A joint analysis of the static, selection and dynamic effects of domestic, foreign and state ownership
    • Berger, A.N., Clarke, G.R.G., Cull, R., Klapper, L. and Udell, G.F. (2005) 'Corporate governance and bank performance: A joint analysis of the static, selection and dynamic effects of domestic, foreign and state ownership', Journal of Banking and Finance, Vol. 29, pp.2179-2221.
    • (2005) Journal of Banking and Finance , vol.29 , pp. 2179-2221
    • Berger, A.N.1    Clarke, G.R.G.2    Cull, R.3    Klapper, L.4    Udell, G.F.5
  • 14
    • 0000572904 scopus 로고
    • The efficiency of financial institutions: A review and preview of research past, present and future
    • Berger, A.N., Hunter, W.C. and Timme, S.G. (1993) 'The efficiency of financial institutions: A review and preview of research past, present and future', Journal of Banking and Finance, Vol. 17, pp.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
  • 15
    • 0001328863 scopus 로고    scopus 로고
    • The impact of liberalization on the productive efficiency of Indian commercial banks
    • Bhattacharya, A., Lovell, C.A.K. and Sahay, P. (1997) 'The impact of liberalization on the productive efficiency of Indian commercial banks', European Journal of Operational Research, Vol. 98, pp.332-345.
    • (1997) European Journal of Operational Research , vol.98 , pp. 332-345
    • Bhattacharya, A.1    Lovell, C.A.K.2    Sahay, P.3
  • 16
    • 70349556892 scopus 로고    scopus 로고
    • The sarbanes-oxley act and the production efficiency of public accounting firms in supplying accounting auditing and consulting services: An application of data envelopment analysis
    • Chang, H., Choy, H.L., Cooper, W.W. and Lin, M.H. (2008) 'The sarbanes-oxley act and the production efficiency of public accounting firms in supplying accounting auditing and consulting services: An application of data envelopment analysis', International Journal of Services Sciences, Vol. 1, pp.3-20.
    • (2008) International Journal of Services Sciences , vol.1 , pp. 3-20
    • Chang, H.1    Choy, H.L.2    Cooper, W.W.3    Lin, M.H.4
  • 17
    • 60649083760 scopus 로고    scopus 로고
    • Using malmquist indexes to measure changes in the productivity and efficiency of U.S. accounting firms before and after the Sarbanes-Oxley act
    • Forthcoming in
    • Chang, H., Choy, H.L., Cooper, W.W. and Ruefli, T.W. (2009), 'Using malmquist indexes to measure changes in the productivity and efficiency of U.S. accounting firms before and after the Sarbanes-Oxley act', forthcoming in Omega: The International Journal of Management Science.
    • (2009) Omega: The International Journal of Management Science
    • Chang, H.1    Choy, H.L.2    Cooper, W.W.3    Ruefli, T.W.4
  • 19
    • 0002850510 scopus 로고
    • A goal programming/constrained regression version of the Bell System breakup
    • Charnes, A., Cooper, W.W. and Sueyoshi,T. (1988) 'A goal programming/constrained regression version of the Bell System breakup', Management Science, Vol. 34, pp.1-26.
    • (1988) Management Science , vol.34 , pp. 1-26
    • Charnes, A.1    Cooper, W.W.2    Sueyoshi, T.3
  • 21
    • 0037404957 scopus 로고    scopus 로고
    • Efficiency in Japanese banking: An empirical analysis
    • Drake, L. and Hall, M.J.B. (2003) 'Efficiency in Japanese banking: An empirical analysis', Journal of Banking and Finance, Vol. 27, pp.891-917.
    • (2003) Journal of Banking and Finance , vol.27 , pp. 891-917
    • Drake, L.1    Hall, M.J.B.2
  • 22
    • 33645905447 scopus 로고    scopus 로고
    • The impact of macroeconomic and regulatory factors on bank efficiency: A non-parametric analysis of Hong Kong's banking system
    • Drake, L., Hall, M.J.B. and Simper, R. (2006) 'The impact of macroeconomic and regulatory factors on bank efficiency: A non-parametric analysis of Hong Kong's banking system', Journal of Banking and Finance, Vol. 30, pp.1443-1466.
    • (2006) Journal of Banking and Finance , vol.30 , pp. 1443-1466
    • Drake, L.1    Hall, M.J.B.2    Simper, R.3
  • 24
    • 0001891122 scopus 로고
    • Natural monopoly and the Bell System: Response to charnes, cooper and sueyoshi
    • Evans, D. and Heckman, J. (1988) 'Natural monopoly and the Bell System: Response to Charnes, Cooper and Sueyoshi', Management Science, Vol. 34, pp.27-38.
    • (1988) Management Science , vol.34 , pp. 27-38
    • Evans, D.1    Heckman, J.2
  • 25
    • 21244451414 scopus 로고    scopus 로고
    • Explaining efficiency differences among large German and Austrian banks
    • Hauner, D. (2005) 'Explaining efficiency differences among large German and Austrian banks', Applied Economics, Vol. 37, pp.969-980.
    • (2005) Applied Economics , vol.37 , pp. 969-980
    • Hauner, D.1
  • 27
    • 33744917037 scopus 로고    scopus 로고
    • Efficiency of the Polish banking industry; foreign versus national banks
    • Havrylchyk, O. (2006) 'Efficiency of the Polish banking industry; foreign versus national banks', Journal of Banking and Finance, Vol. 30, pp.1975-1996.
    • (2006) Journal of Banking and Finance , vol.30 , pp. 1975-1996
    • Havrylchyk, O.1
  • 28
    • 33847329176 scopus 로고    scopus 로고
    • Second stage DEA: Comparison of approaches for modelling the DEA score
    • Hoff, A. (2007) 'Second stage DEA: comparison of approaches for modelling the DEA score', European Journal of Operational Research, Vol. 181, pp.425-435.
    • (2007) European Journal of Operational Research , vol.181 , pp. 425-435
    • Hoff, A.1
  • 29
    • 84993029763 scopus 로고    scopus 로고
    • Bank ownership and productivity developments: Evidence from Turkey
    • Isik, I. (2007) 'Bank ownership and productivity developments: evidence from Turkey', Studies in Economics and Finance, Vol. 24, pp.115-139.
    • (2007) Studies in Economics and Finance , vol.24 , pp. 115-139
    • Isik, I.1
  • 30
    • 0036183841 scopus 로고    scopus 로고
    • Technical, scale and allocative efficiencies of Turkish banking industry
    • Isik, I. and Hassan, M.K. (2002) 'Technical, scale and allocative efficiencies of Turkish banking industry', Journal of Banking and Finance, Vol. 26, pp.719-766.
    • (2002) Journal of Banking and Finance , vol.26 , pp. 719-766
    • Isik, I.1    Hassan, M.K.2
  • 31
    • 77951910597 scopus 로고    scopus 로고
    • Efficiency, ownership and market structure, corporate control and governance in the Turkish banking industry
    • Isik, I. and Hassan, M.K. (2003) 'Efficiency, ownership and market structure, corporate control and governance in the Turkish banking industry', Journal of Business Finance and Accounting, Vol. 30, pp.1363-1421
    • (2003) Journal of Business Finance and Accounting , vol.30 , pp. 1363-1421
    • Isik, I.1    Hassan, M.K.2
  • 32
    • 5044239155 scopus 로고    scopus 로고
    • A non-parametric approach to efficiency measurement in the Malaysian banking sector
    • Katib, M.N. and Mathews, K. (2000) 'A non-parametric approach to efficiency measurement in the Malaysian banking sector', The Singapore Economic Review, Vol. 44, pp.89-114.
    • (2000) The Singapore Economic Review , vol.44 , pp. 89-114
    • Katib, M.N.1    Mathews, K.2
  • 33
    • 42649128378 scopus 로고    scopus 로고
    • Bank X-efficiency in Ukraine: An analysis of service characteristics and ownership
    • Kyj, L. and Isik, I. (2008) 'Bank X-efficiency in Ukraine: An analysis of service characteristics and ownership', Journal of Economics and Business, Vol. 60, pp.369-393.
    • (2008) Journal of Economics and Business , vol.60 , pp. 369-393
    • Kyj, L.1    Isik, I.2
  • 35
    • 60649093474 scopus 로고    scopus 로고
    • Using least squares and Tobit in second stage DEA efficiency analyses
    • McDonald, J. (2009) 'Using least squares and Tobit in second stage DEA efficiency analyses', European Journal of Operational Research, Vol. 197, pp.792-798.
    • (2009) European Journal of Operational Research , vol.197 , pp. 792-798
    • McDonald, J.1
  • 36
    • 0030118357 scopus 로고    scopus 로고
    • The technical efficiency of large bank production
    • Miller, S.M. and Noulas, A.G. (1996) 'The technical efficiency of large bank production', Journal of Banking and Finance, Vol. 20, pp.495-509.
    • (1996) Journal of Banking and Finance , vol.20 , pp. 495-509
    • Miller, S.M.1    Noulas, A.G.2
  • 38
    • 5044220144 scopus 로고    scopus 로고
    • Estimating cost functions of Malaysian commercial banks: The differential effects of size, location and ownership
    • Okuda, H. and Hashimoto, H. (2004) 'Estimating cost functions of Malaysian commercial banks: the differential effects of size, location and ownership', Asian Economic Journal, Vol. 18, pp.233-259.
    • (2004) Asian Economic Journal , vol.18 , pp. 233-259
    • Okuda, H.1    Hashimoto, H.2
  • 39
    • 47149101499 scopus 로고    scopus 로고
    • Estimating the technical and scale efficiency of Greek commercial banks: The Impact of credit risk, off-balance sheet activities, and international operations
    • Pasiouras, F. (2008) 'Estimating the technical and scale efficiency of Greek commercial banks: the impact of credit risk, off-balance sheet activities, and international operations', Research in International Business and Finance, Vol. 22, pp.301-318.
    • (2008) Research in International Business and Finance , vol.22 , pp. 301-318
    • Pasiouras, F.1
  • 41
    • 48249100139 scopus 로고    scopus 로고
    • Bank efficiency and share performance: Evidence from Greece
    • Pasiouras, F., Liadaki, A. and Zopounidis, C. (2008) 'Bank Efficiency and Share Performance: Evidence from Greece', Applied Financial Economics, 18, 1121-1130.
    • (2008) Applied Financial Economics , vol.18 , pp. 1121-1130
    • Pasiouras, F.1    Liadaki, A.2    Zopounidis, C.3
  • 42
    • 85016181391 scopus 로고    scopus 로고
    • Competition, liberalization and efficiency: Evidence from a two stage banking models on banks in Hong Kong and Singapore
    • Randhawa, D.S. and Lim, G.H. (2005) 'Competition, liberalization and efficiency: evidence from a two stage banking models on banks in Hong Kong and Singapore', Managerial Finance, Vol. 31, pp.52-77.
    • (2005) Managerial Finance , vol.31 , pp. 52-77
    • Randhawa, D.S.1    Lim, G.H.2
  • 43
    • 77958186261 scopus 로고    scopus 로고
    • Determinants of operational efficiencies in the Indian pharmaceutical industry
    • Saranga, H. and Phani, B.V. (2009) 'Determinants of operational efficiencies in the Indian pharmaceutical industry', International Transactions in Operational Research, Vol. 16, pp.109-130.
    • (2009) International Transactions in Operational Research , vol.16 , pp. 109-130
    • Saranga, H.1    Phani, B.V.2
  • 44
    • 0013155030 scopus 로고    scopus 로고
    • X-efficiency in Australian banking: An empirical investigation
    • Sathye, M. (2001) 'X-efficiency in Australian banking: An empirical investigation', Journal of Banking and Finance, Vol. 25, pp.613-30.
    • (2001) Journal of Banking and Finance , vol.25 , pp. 613-630
    • Sathye, M.1
  • 45
    • 33748595267 scopus 로고    scopus 로고
    • Estimation and inference in two-stage, semi-parametric models of production processes
    • Simar, L. and Wilson, P.W. (2007) 'Estimation and inference in two-stage, semi-parametric models of production processes', Journal of Econometrics, Vol. 136, pp.31-64.
    • (2007) Journal of Econometrics , vol.136 , pp. 31-64
    • Simar, L.1    Wilson, P.W.2
  • 46
    • 33846401046 scopus 로고    scopus 로고
    • New evidence on the determinants of bank risk
    • Stiroh, K.J. (2006a) 'New evidence on the determinants of bank risk', Journal of Financial Services Research, Vol. 30, pp.237-263.
    • (2006) Journal of Financial Services Research , vol.30 , pp. 237-263
    • Stiroh, K.J.1
  • 47
    • 33747036456 scopus 로고    scopus 로고
    • A portfolio view of banking with interest and non-interest activities
    • Stiroh, K.J. (2006b) 'A portfolio view of banking with interest and non-interest activities', Journal of Money, Credit and Banking, Vol. 38, pp.1351-1361.
    • (2006) Journal of Money, Credit and Banking , vol.38 , pp. 1351-1361
    • Stiroh, K.J.1
  • 48
    • 33746008542 scopus 로고    scopus 로고
    • The dark side of diversification: The case of US financial holding companies
    • Stiroh, K.J. and Rumble, A. (2006) 'The dark side of diversification: the case of US financial holding companies', Journal of Banking and Finance, Vol. 30, pp.2131-2161.
    • (2006) Journal of Banking and Finance , vol.30 , pp. 2131-2161
    • Stiroh, K.J.1    Rumble, A.2
  • 49
    • 33846320844 scopus 로고    scopus 로고
    • Trends in the efficiency of Singapore's commercial banking groups: A non-stochastic frontier DEA window analysis approach
    • Sufian, F. (2007a) 'Trends in the efficiency of Singapore's commercial banking groups: A non-stochastic frontier DEA window analysis approach', International Journal of Productivity and Performance Management, Vol. 56, pp.99-136.
    • (2007) International Journal of Productivity and Performance Management , vol.56 , pp. 99-136
    • Sufian, F.1
  • 50
    • 77951275196 scopus 로고    scopus 로고
    • Mergers and acquisitions in the Malaysian banking industry: Technical and scale efficiency effects
    • Sufian, F. (2007b) 'Mergers and acquisitions in the Malaysian banking industry: technical and scale efficiency effects', International Journal of Financial Services Management, Vol. 2, pp.304-326.
    • (2007) International Journal of Financial Services Management , vol.2 , pp. 304-326
    • Sufian, F.1
  • 51
    • 67649538356 scopus 로고    scopus 로고
    • Bank specific and macroeconomic determinants of bank profitability: Empirical evidence from the China banking sector
    • Sufian, F. and Habibullah, M.S. (2009) 'Bank specific and macroeconomic determinants of bank profitability: empirical evidence from the China banking sector', Frontiers of Economics in China, Vol. 4, pp.274-291.
    • (2009) Frontiers of Economics in China , vol.4 , pp. 274-291
    • Sufian, F.1    Habibullah, M.S.2
  • 52
    • 0029500043 scopus 로고
    • Explaining bank failures: Deposit insurance, regulation and efficiency
    • Wheelock, D.C. and Wilson, P.W. (1995) 'Explaining bank failures: deposit insurance, regulation and efficiency', Review of Economics and Statistics, Vol. 77, pp.689-700.
    • (1995) Review of Economics and Statistics , vol.77 , pp. 689-700
    • Wheelock, D.C.1    Wilson, P.W.2
  • 53
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
    • White, H.J. (1980) 'A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity', Econometrica, Vol. 48, pp.817-838.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.