Detail publikace

Bank Efficiency in Transitional Countries: Sensitivity to Stochastic Frontier Design

Autor: doc. PhDr. Zuzana Havránková Ph.D.,
Typ: IES Working Papers
Rok: 2010
Číslo: 13
Publikováno v: IES Working Papers 13/2010 (also in William Davidson Institute WP 998/2010)
Místo vydání: Prague
Klíčová slova: Banking, Efficiency, Stochastic Frontier Approach, Transitional countries
JEL kódy: C13; G21; L25
Citace: Iršová, Z. (2010). ”Bank Efficiency in Transitional Countries: Sensitivity to Stochastic Frontier Design” IES Working Paper 13/2010. IES FSV. Charles University.
Granty: GAUK 89910 Measuring Bank Efficiency
Abstrakt: This article provides an empirical insight on the heterogeneity in the estimates of banking efficiency produced by the stochastic frontier approach. Using data from five countries of Central and Eastern Europe, we study the sensitivity of the efficiency score and the efficiency ranking to a change in the design of the frontier. We found that the average scores are significantly smaller when the transcendental logarithmic functional form is used in the profit efficiency measurement and when the scaling effect is neglected in the cost efficiency measurement. The implied bank ranking is robust to changes in the stochastic frontier definition for cost efficiency, but not for profit efficiency.
Ke stažení: WP 2010_13_Irsova




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