Liberalisation, privatisation and the productivity of Egyptian banks: A non-parametric approach

Service Industries Journal

Volumn 31, Issue 7, 2011, Pages 1143-1163

  Fethi, Meryem Duygun ^a   Shaban, Mohamed ^a   Weyman Jones, Thomas ^b  

^a UNIVERSITY OF LEICESTER   (United Kingdom)

^b LOUGHBOROUGH UNIVERSITY   (United Kingdom)

Author keywords

Banking; DEA; Efficiency and productivity analysis; Financial development

Indexed keywords

BANKING; DATA ENVELOPMENT ANALYSIS; ECONOMIC DEVELOPMENT; ECONOMIC POLICY; FIRM OWNERSHIP; FIRM SIZE; JOINT VENTURE; PRIVATIZATION; PRODUCTIVITY;

EID: 79953692389     PISSN: 02642069     EISSN: 17439507     Source Type: Journal    
DOI: 10.1080/02642060903431686     Document Type: Article

References (46)

1. Aigner, D.J., Lovell, C.A.K., & Schmidt, P. (1977). Formulation and estimation of stochastic frontier production function models. Journal of Econometrics, 6(1), 21-37.
2. Arestis, P. (2000). Financial sector reforms in developing countries with special reference to Egypt (Discussion paper). London: South Bank University.
3. Ataullah, A., Cockerill, T., & Le, H. (2004). Financial liberalization and bank efficiency: A comparative analysis of India and Pakistan. Applied Economics, 36(17), 1915-1924.
4. Avkiran, N.K. (1999). The evidence on efficiency gains: The role of mergers and the benefits to the public. Journal of Banking and Finance, 23(7), 991-1013.
5. Berger, A.N., & Humphrey, D.B. (1997). Efficiency of financial institutions: International survey and directions for future research. European Journal of Operation Research, 98(2), 175-212.
6. Bhattacharyya, A., Lovell, C.A.K., & Shay, P. (1997). The impact of reform on the productive efficiency of Indian commercial banks. European Journal of Operation Research, 98(2), 332-345.
7. Brissimis, S.N., Delis, M.D., & Papanikolaou, N.I. (2008). Exploring the nexus between banking sector reform and performance: Evidence from newly acceded EU countries. Journal of Banking and Finance, 32(12), 2674-2683.
8. Caprio, G. Jr., & Cull, R. (2000, August). Bank privatisation and regulation for Egypt (DLS 15). The Egyptian Centre for Economic Studies (ECES). Distinguished Lecture Series, Vol. 15, Cairo, Egypt.
9. Casu, B., & Molyneux, P. (2003). A comparative study of efficiency in European banking. Applied Economics, 35(17), 1865-1876.
10. Caves, D.W., Christensen, L.R., & Diewert, E. (1982). The economic theory of index numbers of the measurement of input, output and productivity. Econometrica, 50(6), 1393-1414.
11. Chaffai, M.E. (1997). Estimating input-specific technical inefficiency: The case of the Tunisian banking industry. European Journal of Operational Research, 98(2), 314-331.
12. Charnes, A., Cooper, W.W., & Rhodes, E. (1978). Measuring efficiency of decision making units. European Journal of Operational Research, 2(6), 429-449.
13. Chen, X., Skully, M., & Brown, K. (2005). Banking efficiency in China: Application of DEA to pre- and post-deregulation eras: 1993-2000. China Economic Review, 16(3), 229-245.
14. Chen, T.-Y., & Yeh, L. (2000). A measurement of bank efficiency, ownership and productivity changes in Taiwan. The Service Industries Journal, 20(1), 105-109.
15. Coelli, T.J., Prasada Rao, D.S., O'Donnell, C.J., & Battese, G.E. (2005). An introduction to efficiency and productivity analysis (2nd ed.). New York: Springer.
16. Cook, W.D., Hababou, M., & Liang, L. (2005). Financial liberalization and efficiency in Tunisian banking industry: DEA test. International Journal of Information Technology & Decision Making, 4(3), 455-475.
17. Demir, N., Mahmud, F.S., & Babuscu, S. (2005). The technical inefficiency effects of Turkish banks after financial liberalisation. The Developing Economics, XLIII(3), 396-411.
18. Dogan, E., & Fausten, D. (2003). Productivity and technical change in Malaysian banking: 1989-1998. Asia-Pacific Financial Markets, 10(2-3), 205-237.
19. Drake, L., Hall, M.J.B., & 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, 30(5), 1443-1466.
20. Färe, R., Grosskopf, S., & Lovell, C.A.K. (1994a). Production frontiers. UK: Cambridge University Press.
21. Färe, R., Grosskopf, S., Norris, M., & Zhang, Z. (1994b). Productivity growth, technical progress, and efficiency change in industrialized countries. American Economic Review, 84(1), 66-83.
22. Farrell, M.J. (1957). The measurement of productive efficiency. Journal of the Royal Statistical Society, 120(3), 252-290.
23. Fethi, M.D., & Pasiouras, F. (2010). Assessing bank efficiency and performance with operational research and artificial intelligence techniques: A survey. European Journal of Operational Research, 204(2), 189-198.
24. Gilbert, R.A., & Wilson, P.W. (1998). Effects of deregulation on the productivity of Korean banks. Journal of Economics and Business, 50(2), 133-166.
25. Griffell-Tatjé, E., & Lovell, C.A.K. (1995). A note on the Malmquist productivity index. Economics Letters, 47(2), 169-175.
26. Hao, J., Hunter, W.C., & Yang, W.K. (2001). Deregulation and efficiency: The case of private Korean banks. Journal of Economics and Business, 53(2-3), 237-254.
27. Hauner, D. (2005). Explaining efficiency differences among large German and Austrian banks. Applied Economics, 37(9), 969-980.
28. Howcroft, B., & Ataullah, A. (2006). Total factor productivity change: An examination of the commercial banking industry in India and Pakistan. The Service Industries Journal, 26(2), 189-202.
29. Iimi, A. (2004). Banking sector reforms in Pakistan: Economies of scale and scope, and cost com plementarities. Journal of Asian Economics, 15(3), 507-528.
30. Isik, I., & Hassan, M.K. (2002). Technical scale and allocative efficiencies of Turkish banking industry. Journal of Banking and Finance, 26(4), 719-766.
31. Isik, I., & Hassan, M.K. (2003). Financial deregulation and total factor productivity change: An empirical study of Turkish commercial banks. Journal of Banking and Finance, 27(8), 1455-1485.
32. Kumbhakar, S.C., & Wang, D. (2007). Economic reforms, efficiency and productivity in Chinese banking. Journal of Regulatory Economics, 32(2), 105-129.
33. Leightner, J.E., & Lovell, C.A.K. (1998). The impact of financial liberalization on the performance of Thai banks. Journal of Economics and Business, 50(2), 115-131.
34. Mohieldin, M. (2000, May). On bank market structure and competition in Egypt. Paper presented at the conference on financial development and competition in Egypt, Cairo, Egypt.
35. Mukherjee, K., Ray, S.C., & Miller, S.M. (2001). Productivity growth in large US commercial banks: The initial post-deregulation experience. Journal of Banking and Finance, 25(5), 913-939.
36. 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, 22(3), 301-318.
37. di Patti, E.B., & Hardy, D.C. (2005). Financial sector reform, bank privatisation and efficiency: Evidence from Pakistan. Journal of Banking and Finance, 29(8-9), 2381-2406.
38. Ray, S.C., & Desli, E. (1997). Productivity growth, technical progress, and efficiency change in industrialized countries: Comment. American Economic Review, 87(5), 1033-1039.
39. Rezitis, A.N. (2006). Productivity growth in the Greek banking industry: A non-parametric approach. Journal of Applied Economics, IX(1), 119-138.
40. Sathye, M. (2003). Efficiency of banks in a developing economy: The case of India. European Journal of Operational Research, 148(3), 662-671.
41. Sealey, C.W., & Lindley, J.T. (1977). Inputs, outputs, and a theory of production and cost at depository financial institutions. Journal of Finance, 32(4), 1251-1266.
42. Sturm, J.E., & Williams, B. (2004). Foreign bank entry, deregulation and bank efficiency: Lessons from the Australian experience. Journal of Banking and Finance, 28(7), 1775-1799.
43. Tsionas, E.G., Lolos, S.E.G., & Christopoulos, D.K. (2003). The performance of the Greek banking system in view of the EMU: Results from a non-parametric approach. Economic Modelling, 20(3),571-592.
44. Wang, M.-H., & Huang, T.-H. (2007). A study on the persistence of Farrell's efficiency measure under a dynamic framework. European Journal of Operational Research, 180(3), 1302-1316.
45. Williams, J., & Nguyen, N. (2005). Financial liberalisation, crisis, and restructuring: A comparative study of bank performance and bank governance in Southeast Asia. Journal of Banking and Finance, 29(8-9), 2119-2154.
46. Zaim, O. (1995). The effect of financial liberalization on the efficiency of Turkish commercial banks. Applied Financial Economics, 5(4), 257-264.