Bank productivity and performance groups: A decomposition approach based upon the Luenberger productivity indicator

European Journal of Operational Research

Volumn 211, Issue 3, 2011, Pages 630-641

  Epure, Mircea ^a   Kerstens, Kristiaan ^b   Prior, Diego ^a,b  

^a UNIVERSITAT AUTÒNOMA DE BARCELONA   (Spain)

^b IESEG SCHOOL OF MANAGEMENT   (France)

Author keywords

Banking ratios; Efficiency; Luenberger decomposition; Performance groups; Productivity; Spanish banking sector

Indexed keywords

BANKING RATIOS; DECOMPOSITION APPROACH; EMPIRICAL RESULTS; LUENBERGER DECOMPOSITION; MALMQUIST PRODUCTIVITY INDEX; PERFORMANCE GROUP; PERFORMANCE GROUPS; PRODUCTIVITY IMPROVEMENTS; SPANISH BANKING SECTOR; STRATEGIC GROUPS; TECHNOLOGICAL INNOVATION; TECHNOLOGICAL PROGRESS;

CLUSTER ANALYSIS; DECOMPOSITION; INNOVATION;

PRODUCTIVITY;

EID: 79952192660     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ejor.2011.01.041     Document Type: Article

References (56)

1. D.F. Amel, and S.A. Rhoades Strategic groups in banking Review of Economics and Statistics 70 4 1988 685 689
2. P. Andersen, and N.C. Petersen A procedure for ranking efficient units in data envelopment analysis Management Science 39 10 1993 1261 1264
3. A.D. Athanassopoulos Strategic groups, frontier benchmarking and performance differences: Evidence from the UK retail grocery industry Journal of Management Studies 40 4 2003 921 953 (Pubitemid 36795270)
4. J.B. Barney, and R.E. Hoskisson Strategic groups: Untested assertions and research proposals Managerial and Decision Economics 11 3 1990 187 198
5. C.P. Barros, A.G. Menezes, J.C. Vieira, N. Peypoch, and B. Solonandrasana An analysis of hospital efficiency and productivity growth using the Luenberger indicator Health Care Management Science 11 4 2008 373 381
6. A. Berger, and D. Humphrey The efficiency of financial institutions: International survey and directions for future research European Journal of Operational Research 98 2 1997 175 212 (Pubitemid 127380063)
7. J.W.B. Bos, and C.J.M. Kool Bank efficiency: The role of bank strategy and local market conditions Journal of Banking and Finance 30 7 2006 1953 1974 (Pubitemid 43842674)
8. J.-P. Boussemart, W. Briec, K. Kerstens, and J.-C. Poutineau Luenberger and Malmquist productivity indices: Theoretical comparisons and empirical illustration Bulletin of Economic Research 55 4 2003 391 405 (Pubitemid 37307542)
9. W. Briec A graph type extension of Farrell technical efficiency measure Journal of Productivity Analysis 8 1 1997 95 110
10. W. Briec, and K. Kerstens The luenberger productivity indicator: An economic specification leading to infeasibilities Economic Modelling 26 3 2009 597 600
11. R.E. Caves, and M.E. Porter From entry barriers to mobility barriers: Conjectural decisions and contrived deterrence to new competition Quarterly Journal of Economics 91 2 1977 421 441
12. R.G. Chambers Exact nonradial input, output, and productivity measurement Economic Theory 20 4 2002 751 765 (Pubitemid 40830174)
13. R.G. Chambers, R. Färe, and S. Grosskopf Productivity growth in APEC countries Pacific Economic Review 1 3 1996 181 190 (Pubitemid 126613887)
14. K. Cool, and D. Schendel Strategic group formation and performance: The case of the US pharmaceutical industry, 1963-1982 Management Science 33 9 1987 1102 1124
15. R. Crespí, M. García-Cestona, and V. Salas Governance mechanisms in Spanish banks. Does ownership matter? Journal of Banking and Finance 28 10 2004 2311 2330 (Pubitemid 39216361)
16. R.A. Cuesta, and L. Orea Mergers and technical efficiency in spanish savings banks: A stochastic distance function approach Journal of Banking and Finance 26 12 2002 2231 2247
17. D.L. Day, A.Y. Lewin, H. Li, and R. Salazar Strategic leaders or strategic groups: A longitudinal analysis of outliers A. Charnes, W.W. Cooper, A.Y. Lewin, L.M. Seiford, Data Envelopment Analysis Theory Methodology and Applications 1994 Kluwer Boston
18. D.L. Day, A.Y. Lewin, and H. Li Strategic leaders or strategic groups: A longitudinal data envelopment analysis of the us brewing industry European Journal of Operational Research 80 3 1995 619 638
19. W.E. Diewert Index number theory using differences rather than ratios The American Journal of Economics and Sociology 64 1 2005 311 360
20. R. Färe, and S. Grosskopf Decomposing technical efficiency with care Management Science 46 1 2000 167 168
21. R. Färe, S. Grosskopf, B. Lindgren, and P. Roos Productivity changes in swedish pharmacies 1980-1989: A nonparametric Malmquist approach Journal of Productivity Analysis 3 1-2 1992 85 101
22. R. Färe, S. Grosskopf, and C.A.K. Lovell Production Frontiers 1994 Cambridge University Press New York
23. R. Färe, S. Grosskopf, and P. Roos Malmquist productivity indices: A survey of theory and practice R. Färe, S. Grosskopf, R. Russell, Index Numbers: Essays in Honour of Sten Malmquist 1998 Kluwer Boston
24. M.D. Fethi, and F. Pasiouras Assessing bank efficiency and performance with operational research and artificial intelligence techniques: A survey European Journal of Operational Research 204 2 2010 189 198
25. A. Fiegenbaum, and H. Thomas The concept of strategic groups as reference groups: An adaptive model and an empirical test H. Daems, H. Thomas, Strategy Groups, Strategic Moves and Performance 1994 Pergamon Oxford
26. J.A. Goddard, P. Molyneux, and J.O.S. Wilson European Banking: Efficiency, Technology and Growth 2001 Wiley New York
27. R.M. Grant Contemporary Strategy Analysis sixth ed. 2008 Blackwell Malden
28. E. Grifell-Tatjé, and C.A.K. Lovell Deregulation and productivity decline: The case of spanish saving banks European Economic Review 40 6 1996 1281 1303
29. E. Grifell-Tatjé, and C.A.K. Lovell The sources of productivity change in Spanish banking European Journal of Operational Research 98 2 1997 364 380 (Pubitemid 127380074)
30. K.J. Hatten, and M.L. Hatten Strategic groups, asymmetrical mobility barriers and contestability Strategic Management Journal 8 4 1987 329 342
31. Hunt, M.S., 1972. Competition in the Major House Appliance Industry 1960-1970. Ph.D. dissertation, Harvard University.
32. D.J. Ketchen, and C. Shook The application of cluster analysis in strategic management research: An analysis and critique Strategic Management Journal 17 6 1996 441 458 (Pubitemid 126482200)
33. Kolari, J., Zardkoohi A., 1987. Bank Costs, Structure, and Performance. D.C. Heath, Lexington.
34. S. Kumar, and R. Russell Technological change, technological catch-up, and capital deepening: Relative contributions to growth and convergence American Economic Review 92 3 2002 527 548
35. Q. Li Nonparametric testing of closeness between two unknown distribution functions Econometric Reviews 15 3 1996 261 274
36. A. Lozano-Vivas Profit efficiency for Spanish savings banks European Journal of Operational Research 98 2 1997 381 394
37. D.G. Luenberger New optimality principles for economic efficiency and equilibrium Journal of Optimization Theory and Applications 75 2 1992 221 264 (Pubitemid 23581295)
38. S. Managi Luenberger and Malmquist productivity indices in Japan, 1955-1995 Applied Economics Letters 10 9 2003 581 584 (Pubitemid 37343221)
39. F.J. Más-Ruíz, J.L. Nicolau-Gonzalbez, and F. Ruiz-Moreno Asymmetric rivalry between strategic groups: Response, speed and response and ex-ante versus ex-post competitive interaction in the Spanish bank deposit market Strategic Management Journal 26 8 2005 713 745 (Pubitemid 40948525)
40. A. Mehra Resource and market based determinants of performance in the US banking industry Strategic Management Journal 17 4 1996 307 322 (Pubitemid 126458105)
41. S. Mussard, and N. Peypoch On multi-decomposition of the aggregate Luenberger productivity index Applied Economics Letters 13 2 2006 113 116 (Pubitemid 43250516)
42. R.-W. Po, Y.-Y. Guh, and M.-S. Yang A new clustering approach using data envelopment analysis European Journal of Operational Research 199 1 2009 276 284
43. M.E. Porter The structure within industries and companies performance Review of Economics and Statistics 61 2 1979 224 227
44. M.E. Porter Competitive Strategy: Techniques for Analysing Industries and Competitors 1980 Free Press New York
45. D. Prior Long- and short-run non-parametric cost frontier efficiency: An application to Spanish savings banks Journal of Banking and Finance 27 4 2003 655 671 (Pubitemid 36288834)
46. D. Prior, and J. Surroca Strategic groups based on marginal rates: An application to the Spanish banking industry European Journal of Operational Research 170 1 2006 293 314 (Pubitemid 41400636)
47. S.C. Ray, and A. Das Distribution of cost and profit efficiency: Evidence from indian banking European Journal of Operational Research 201 1 2010 297 307
48. J.C. Short, D.J. Ketchen, T.B. Palmer, and T.M. Hult Firm, strategic group, and industry influences on performance Strategic Management Journal 28 2 2007 147 167 (Pubitemid 46144836)
49. L. Simar, and V. Zelenyuk On testing equality of distributions of technical efficiency scores Econometric Reviews 25 4 2006 497 522 (Pubitemid 44905377)
50. S.Y. Sohn Random effects logistic regression model for ranking efficiency in data envelopment analysis Journal of the Operational Research Society 57 11 2006 1289 1299 (Pubitemid 44652701)
51. H. Thomas, and N. Venkatraman Research on strategic groups: Progress and prognosis Journal of Management Studies 25 6 1988 537 555
52. E. Tortosa-Ausina Nontraditional activities and bank efficiency revisited: A distributional analysis for spanish financial institutions Journal of Economics and Business 55 4 2003 371 395 (Pubitemid 36814321)
53. E. Tortosa-Ausina, E. Grifell-Tatjé, C. Armero, and D. Conesa Sensitivity analysis of efficiency and Malmquist productivity indices: An application to Spanish savings banks European Journal of Operational Research 184 3 2008 1062 1084 (Pubitemid 47393692)
54. Williams, J., Peypoch, N., Barros, C.P., 2011. The Luenberger indicator and productivity growth: A note on the European savings banks sector. Applied Economics. First published on: 18 June 2009 (iFirst).
55. P.W. Wilson Detecting outliers in deterministic nonparametric frontier models with multiple outputs Journal of Business and Economic Statistics 11 3 1993 319 323
56. J.A. Zúñiga-Vicente, J.M. Fuente Sabaté, and J. Rodríguez Puerta A study of industry evolution in the face of major environmental disturbances: Group and firm strategic behavior of Spanish banks, 1983-1997 British Journal of Management 15 3 2004 219 245