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Factor price misspecification in bank cost function estimation

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  • Mountain, Dean C.
  • Thomas, Hugh

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  • Mountain, Dean C. & Thomas, Hugh, 1999. "Factor price misspecification in bank cost function estimation," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 9(2), pages 163-182, April.
    • Handle: RePEc:eee:intfin:v:9:y:1999:i:2:p:163-182
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    1. Mester, Loretta J., 1997. "Measuring efficiency at U.S. banks: Accounting for heterogeneity is important," European Journal of Operational Research, Elsevier, vol. 98(2), pages 230-242, April.
    2. Berger, Allen N. & Hancock, Diana & Humphrey, David B., 1993. "Bank efficiency derived from the profit function," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 317-347, April.
    3. Berger, Allen N. & Mester, Loretta J., 1997. "Inside the black box: What explains differences in the efficiencies of financial institutions?," Journal of Banking & Finance, Elsevier, vol. 21(7), pages 895-947, July.
    4. Mitchell, Karlyn & Onvural, Nur M, 1996. "Economies of Scale and Scope at Large Commercial Banks: Evidence from the Fourier Flexible Functional Form," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(2), pages 178-199, May.
    5. Ferrier, Gary D. & Lovell, C. A. Knox, 1990. "Measuring cost efficiency in banking : Econometric and linear programming evidence," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 229-245.
    6. Kim, Moshe, 1986. "Banking technology and the existence of a consistent output aggregate," Journal of Monetary Economics, Elsevier, vol. 18(2), pages 181-195, September.
    7. Berger, Allen N. & Humphrey, David B., 1997. "Efficiency of financial institutions: International survey and directions for future research," European Journal of Operational Research, Elsevier, vol. 98(2), pages 175-212, April.
    8. Berger, Allen N. & Hunter, William C. & Timme, Stephen G., 1993. "The efficiency of financial institutions: A review and preview of research past, present and future," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 221-249, April.
    9. Mester, Loretta J., 1993. "Efficiency in the savings and loan industry," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 267-286, April.
    10. Allen, Linda & Rai, Anoop, 1996. "Operational efficiency in banking: An international comparison," Journal of Banking & Finance, Elsevier, vol. 20(4), pages 655-672, May.
    11. David B. Humphrey, 1990. "Why do estimates of bank scale economies differ?," Economic Review, Federal Reserve Bank of Richmond, vol. 76(Sep), pages 38-50.
    12. Jeffrey A. Clark, 1988. "Economies of scale and scope at depository financial institutions: a review of the literature," Economic Review, Federal Reserve Bank of Kansas City, vol. 73(Sep), pages 16-33.
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    Cited by:

    1. Feng, Guohua & Serletis, Apostolos, 2010. "Efficiency, technical change, and returns to scale in large US banks: Panel data evidence from an output distance function satisfying theoretical regularity," Journal of Banking & Finance, Elsevier, vol. 34(1), pages 127-138, January.
    2. Kauko, Karlo, 2009. "Managers and efficiency in banking," Journal of Banking & Finance, Elsevier, vol. 33(3), pages 546-556, March.
    3. Emili Tortosa-Ausina, 2000. "Inefficient banks or inefficient assets," Working Papers 0005, Departament Empresa, Universitat Autònoma de Barcelona, revised Dec 2000.
    4. Schure, Paul & Wagenvoort, Rien & O'Brien, Dermot, 2004. "The efficiency and the conduct of European banks: Developments after 1992," Review of Financial Economics, Elsevier, vol. 13(4), pages 371-396.
    5. Bos, J.W.B. & Kool, C.J.M., 2006. "Bank efficiency: The role of bank strategy and local market conditions," Journal of Banking & Finance, Elsevier, vol. 30(7), pages 1953-1974, July.
    6. Michael Koetter, 2006. "Measurement Matters—Alternative Input Price Proxies for Bank Efficiency Analyses," Journal of Financial Services Research, Springer;Western Finance Association, vol. 30(2), pages 199-227, October.
    7. Russell Kashian & Richard McGregory & Robert Drago, 2017. "Minority owned banks and efficiency revisited," Journal of Productivity Analysis, Springer, vol. 48(2), pages 97-116, December.
    8. Elmas Yaldiz & Flavio Bazzana, 2010. "The effect of market power on bank risk taking in Turkey," Financial Theory and Practice, Institute of Public Finance, vol. 34(3), pages 297-314.
    9. Bos, J.W.B. & Kool, C.J.M., 2006. "Bank efficiency: The role of bank strategy and local market conditions," Journal of Banking & Finance, Elsevier, vol. 30(7), pages 1953-1974, July.
    10. Koetter, Michael, 2006. "The stability of efficiency rankings when risk-preferences and objectives are different," Discussion Paper Series 2: Banking and Financial Studies 2006,08, Deutsche Bundesbank.
    11. Bos, J.W.B. & Koetter, M. & Kolari, J.W. & Kool, C.J.M., 2009. "Effects of heterogeneity on bank efficiency scores," European Journal of Operational Research, Elsevier, vol. 195(1), pages 251-261, May.
    12. Trigo Gamarra, Lucinda, 2007. "Single- versus multi-channel distribution strategies in the German life insurance market: A cost and profit efficiency analysis," Thuenen-Series of Applied Economic Theory 81, University of Rostock, Institute of Economics.
    13. Thanh Ngo & Hung V. Vu & Huong Ho & Thuy T. T. Dao & Hai T. H. Nguyen, 2019. "Performance of Fish Farms in Vietnam–Does Financial Access Help Improve Their Cost Efficiency?," IJFS, MDPI, vol. 7(3), pages 1-10, August.
    14. repec:zbw:bofrdp:2007_011 is not listed on IDEAS
    15. Jiang, Chunxia & Yao, Shujie & Feng, Genfu, 2013. "Bank ownership, privatization, and performance: Evidence from a transition country," Journal of Banking & Finance, Elsevier, vol. 37(9), pages 3364-3372.
    16. Daglish, Toby & Robertson, Oliver & Tripe, David & Weill, Laurent, 2015. "Translog Cost Function Estimation: Banking Efficiency," Working Paper Series 4180, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    17. Bos, Jaap W. B. & Heid, Frank & Koetter, Michael & Kolari, James W. & Kool, Clemens J. M., 2005. "Inefficient or just different? Effects of heterogeneity on bank efficiency scores," Discussion Paper Series 2: Banking and Financial Studies 2005,15, Deutsche Bundesbank.
    18. Daglish, Toby & Robertson, Oliver & Tripe, David & Weill, Laurent, 2015. "Translog Cost Function Estimation: Banking Efficiency," Working Paper Series 19256, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
    19. repec:vuw:vuwscr:19256 is not listed on IDEAS
    20. Lijesen Mark G., 2013. "Solving the Endogeneity Problem in Empirical Cost Functions: An Application to US Banks," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 13(2), pages 1051-1070, September.
    21. Hasan, Iftekhar & Marton, Katherin, 2003. "Development and efficiency of the banking sector in a transitional economy: Hungarian experience," Journal of Banking & Finance, Elsevier, vol. 27(12), pages 2249-2271, December.
    22. Chunxia Jiang & Shujie Yao, 2010. "Banking Reform and Efficiency in China: 1995-2008," Discussion Papers 10/11, University of Nottingham, GEP.

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