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Study on the Efficiency Measurements and Influence Factors of Development Financial Institutions

Author

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  • Yuning Gao
  • Meichen Zhang
  • Xinran Liu

Abstract

In this article, the efficiency of 12 development financial institutions (DFIs) is measured from 2009 to 2015 using the DEA–Malmquist method from dynamic and static aspects. Empirical analysis is performed on the influence factors of the DFIs using the Tobit model. Studies have shown that a multilateral DFI is more efficient than the other two types of DFIs and that efficiency growth is mainly driven by technical changes. Additionally, differences can be observed between the DFIs and multilateral institutions in low- and middle-income countries and the DFIs in the high-income countries. Addressing profit and policy targets is the key factor in improving the efficiency of all DFIs. The positions of the DFIs should be well defined, and market and competitive mechanisms should be properly introduced to increase the overall operational efficiency of the DFIs.

Suggested Citation

  • Yuning Gao & Meichen Zhang & Xinran Liu, 2020. "Study on the Efficiency Measurements and Influence Factors of Development Financial Institutions," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(8), pages 1765-1780, June.
    • Handle: RePEc:mes:emfitr:v:56:y:2020:i:8:p:1765-1780
    DOI: 10.1080/1540496X.2019.1685975
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