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Joseph P. Hughes

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Joseph P. Hughes & Loretta J. Mester, 2013. "Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function," Working Papers 13-13, Federal Reserve Bank of Philadelphia.

    Mentioned in:

    1. Living Wills or Phoenix Plans: Making sure banks can rise from their ashes
      by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2014-10-13 17:28:10

Working papers

  1. Joseph P. Hughes & Julapa Jagtiani & Choon-Geol Moon, 2019. "Consumer Lending Efficiency:Commercial Banks Versus A Fintech Lender," Working Papers 19-22, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Mr. Nicola Pierri & Mr. Yannick Timmer, 2020. "Tech in Fin before FinTech: Blessing or Curse for Financial Stability?," IMF Working Papers 2020/014, International Monetary Fund.
    2. Hughes, Joseph P. & Moon, Choon-Geol, 2022. "How bad is a bad loan? Distinguishing inherent credit risk from inefficient lending (Does the capital market price this difference?)," Journal of Economics and Business, Elsevier, vol. 120(C).
    3. Giulio Cornelli & Jon Frost & Leonardo Gambacorta & Julapa Jagtiani, 2022. "The impact of fintech lending on credit access for U.S. small businesses," BIS Working Papers 1041, Bank for International Settlements.
    4. Onorato, Grazia & Pampurini, Francesca & Quaranta, Anna Grazia, 2024. "Lending activity efficiency. A comparison between fintech firms and the banking sector," Research in International Business and Finance, Elsevier, vol. 68(C).
    5. Çağlar Hamarat & Daniel Broby, 2022. "Regulatory constraint and small business lending: do innovative peer-to-peer lenders have an advantage?," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-25, December.
    6. Timmer, Yannick & Pierri, Niccola, 2021. "The importance of technology in banking during a crisis," ESRB Working Paper Series 117, European Systemic Risk Board.
    7. Janbek, Khalil-Etienne & Bancel, Franck, 2024. "Fintech lenders and borrowers screening: Superior abilities or lax practices?," Finance Research Letters, Elsevier, vol. 63(C).
    8. Huang, Yiping & Li, Xiang & Qiu, Han & Yu, Changhua, 2023. "BigTech credit and monetary policy transmission: Micro-level evidence from China," BOFIT Discussion Papers 2/2023, Bank of Finland Institute for Emerging Economies (BOFIT).
    9. Wang, Haijun & Mao, Kunyuan & Wu, Wanting & Luo, Haohan, 2023. "Fintech inputs, non-performing loans risk reduction and bank performance improvement," International Review of Financial Analysis, Elsevier, vol. 90(C).
    10. Cheng, Aijun, 2023. "Evaluating Fintech industry's risks: A preliminary analysis based on CRISP-DM framework," Finance Research Letters, Elsevier, vol. 55(PB).
    11. Arif Perdana & Pearpilai Jutasompakorn & Sunghun Chung, 2023. "Shaping crowdlending investors’ trust: Technological, social, and economic exchange perspectives," Electronic Markets, Springer;IIM University of St. Gallen, vol. 33(1), pages 1-17, December.
    12. Krzysztof Waliszewski & Ewa Cichowicz & £ukasz Gêbski & Filip Kliber & Jakub Kubiczek & Pawe³ Niedzió³ka & Ma³gorzata Solarz & Anna Warchlewska, 2023. "The role of the Lendtech sector in the consumer credit market in the context of household financial exclusion," Oeconomia Copernicana, Institute of Economic Research, vol. 14(2), pages 609-643, June.
    13. Huang, Yiping & Li, Xiang & Qiu, Han & Su, Dan & Yu, Changhua, 2024. "Bigtech credit, small business, and monetary policy transmission: Theory and evidence," IWH Discussion Papers 18/2022, Halle Institute for Economic Research (IWH), revised 2024.
    14. Rui Ai & Yuhang Zheng & Serhat Yüksel & Hasan Dinçer, 2023. "Investigating the components of fintech ecosystem for distributed energy investments with an integrated quantum spherical decision support system," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 9(1), pages 1-28, December.

  2. Joseph P. Hughes & Julapa Jagtiani & Loretta J. Mester & Choon-Geol Moon, 2018. "Does Scale Matter in Community Bank Performance? Evidence Obtained by Applying Several New Measures of Performance," Working Papers 18-11, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Huber, Kilian, 2021. "Are Bigger Banks Better? Firm-Level Evidence from Germany," CEPR Discussion Papers 15769, C.E.P.R. Discussion Papers.
    2. Schreiber, Ben Z., 2024. "The impact of revenue diversification on profitability, capital, and risk in US banks by size," The North American Journal of Economics and Finance, Elsevier, vol. 69(PA).
    3. Cao, Qiang & Zhu, Tingting & Yu, Wenmei, 2024. "ESG investment and bank efficiency: Evidence from China," Energy Economics, Elsevier, vol. 133(C).
    4. Evgeny V. Balatsky, Natalia A. Ekimova, 2024. "Identification of Economies of Scale in Regional-Industrial Production Complexes of Russia: Theoretical Foundations and Econometric Estimates," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 23(2), pages 394-421.
    5. Joseph P. Hughes & Loretta J. Mester, 2018. "The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications," Departmental Working Papers 201805, Rutgers University, Department of Economics.
    6. Joseph Hughes & Julapa Jagtiani & Choon-Geol Moon, 2018. "Consumer Lending Efficiency: Commercial Banks Versus A Fintech Lender," Departmental Working Papers 201806, Rutgers University, Department of Economics.
    7. Felix Bracht & Jeroen Mahieu & Steven Vanhaverbeke, 2022. "The signaling value of legal form in debt financing," POID Working Papers 052, Centre for Economic Performance, LSE.
    8. Huber, Kilian Maria, 2020. "Are bigger banks better? Firm-level evidence from Germany," LSE Research Online Documents on Economics 121861, London School of Economics and Political Science, LSE Library.
    9. Maik Dehnert, 2020. "Sustaining the current or pursuing the new: incumbent digital transformation strategies in the financial service industry," Business Research, Springer;German Academic Association for Business Research, vol. 13(3), pages 1071-1113, November.
    10. Beccalli, Elena & Rossi, Ludovico & Viola, Andrea, 2023. "Network vs integrated organizational structure of cooperative banks: Evidence on the Italian reform," International Review of Financial Analysis, Elsevier, vol. 89(C).
    11. Bracht, Felix & Mahieu, Jeroen & Vanhaverbeke, Steven, 2023. "The signaling value of legal form in debt financing," LSE Research Online Documents on Economics 121335, London School of Economics and Political Science, LSE Library.
    12. Marc Blatter & Andreas Fuster, 2021. "Scale Effects on Efficiency and Profitability in the Swiss Banking Sector," Swiss Finance Institute Research Paper Series 21-61, Swiss Finance Institute.
    13. Felix Bracht & Jeroen Mahieu & Steven Vanhaverbeke, 2023. "The signaling value of legal form in debt financing," CEP Discussion Papers dp1914, Centre for Economic Performance, LSE.
    14. Alex Fayman & Su‐Jane Chen & Timothy Mayes, 2022. "Community banks versus non‐community banks: Post the Great Recession," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 51(2), July.

  3. Joseph Hughes & Choon-Geol Moon, 2017. "How Bad Is a Bad Loan? Distinguishing Inherent Credit Risk from Inefficient Lending (Does the Capital Market Price This Difference?)," Departmental Working Papers 201709, Rutgers University, Department of Economics.

    Cited by:

    1. Shi, Tao & Li, Chongyang & Wanyan, Hong & Xu, Ying & Zhang, Wei, 2022. "The lending risk predicting of the folk informal financial organization from big data using the deep learning hybrid model," Finance Research Letters, Elsevier, vol. 50(C).
    2. Joseph Hughes & Julapa Jagtiani & Loretta Mester & Choon-Geol Moon, 2018. "Does Scale Matter In Community Bank Performance? Evidence Obtained By Applying Several New Measures Of Performance," Departmental Working Papers 201803, Rutgers University, Department of Economics.
    3. Ferreira, Cândida, 2021. "Efficiency of European Banks in the Aftermath of the Financial Crisis: A Panel Stochastic Frontier Approach," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 36(1), pages 103-124.
    4. Joseph P. Hughes & Loretta J. Mester, 2018. "The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications," Departmental Working Papers 201805, Rutgers University, Department of Economics.
    5. Joseph Hughes & Julapa Jagtiani & Choon-Geol Moon, 2018. "Consumer Lending Efficiency: Commercial Banks Versus A Fintech Lender," Departmental Working Papers 201806, Rutgers University, Department of Economics.
    6. Joseph P. Hughes, 2018. "Comments on “The Evolving Complexity of Capital Regulation”," Journal of Financial Services Research, Springer;Western Finance Association, vol. 53(2), pages 207-210, June.
    7. Ze Song, 2019. "Long Term Health Efect of Earned Income Tax Credit," Departmental Working Papers 201902, Rutgers University, Department of Economics.

  4. Hughes, Joseph P. & Jagtiani, Julapa & Mester, Loretta J., 2016. "Is Bigger Necessarily Better in Community Banking?," Working Papers 17-03, University of Pennsylvania, Wharton School, Weiss Center.

    Cited by:

    1. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2017. "Measuring agency costs and the value of investment opportunities of US bank holding companies with stochastic frontier estimation," Chapters, in: Jacob A. Bikker & Laura Spierdijk (ed.), Handbook of Competition in Banking and Finance, chapter 11, pages 205-229, Edward Elgar Publishing.
    2. Hassan, M. Kabir & Karim, M. Sydul & Lawrence, Shari & Risfandy, Tastaftiyan, 2022. "Weathering the COVID-19 storm: The case of community banks," Research in International Business and Finance, Elsevier, vol. 60(C).
    3. Hughes, Joseph P. & Moon, Choon-Geol, 2022. "How bad is a bad loan? Distinguishing inherent credit risk from inefficient lending (Does the capital market price this difference?)," Journal of Economics and Business, Elsevier, vol. 120(C).
    4. Gregory McKee & Albert Kagan, 2018. "Community bank structure an x-efficiency approach," Review of Quantitative Finance and Accounting, Springer, vol. 51(1), pages 19-41, July.
    5. He, Liangliang & Li, Hui & Liu, Hong & Vu, Tuyet Nhung, 2024. "Why do banks issue equity?," Research in International Business and Finance, Elsevier, vol. 69(C).
    6. Julapa Jagtiani & Catharine Lemieux, 2016. "Small Business Lending After the Financial Crisis: A New Competitive Landscape for Community Banks," Economic Perspectives, Federal Reserve Bank of Chicago, issue 3.
    7. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2016. "Market Discipline Working for and Against Financial Stability: The Two Faces of Equity Capital in U.S. Commercial Banking," Departmental Working Papers 201611, Rutgers University, Department of Economics.

  5. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2016. "Measuring Agency Costs and the Value of Investment Opportunities of U.S. Bank Holding Companies with Stochastic Frontier Estimation," Departmental Working Papers 201605, Rutgers University, Department of Economics.

    Cited by:

    1. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2016. "Market Discipline Working for and Against Financial Stability: The Two Faces of Equity Capital in U.S. Commercial Banking," Departmental Working Papers 201611, Rutgers University, Department of Economics.

  6. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2016. "Market Discipline Working for and Against Financial Stability: The Two Faces of Equity Capital in U.S. Commercial Banking," Departmental Working Papers 201611, Rutgers University, Department of Economics.

    Cited by:

    1. Hughes, Joseph P. & Moon, Choon-Geol, 2022. "How bad is a bad loan? Distinguishing inherent credit risk from inefficient lending (Does the capital market price this difference?)," Journal of Economics and Business, Elsevier, vol. 120(C).
    2. Joseph P. Hughes & Loretta J. Mester, 2018. "The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications," Departmental Working Papers 201805, Rutgers University, Department of Economics.
    3. Joseph P. Hughes, 2018. "Comments on “The Evolving Complexity of Capital Regulation”," Journal of Financial Services Research, Springer;Western Finance Association, vol. 53(2), pages 207-210, June.
    4. Joseph P. Hughes, 2017. "Capital Regulation: Less Really Can Be More When Incentives Are Socially Aligned," Departmental Working Papers 201704, Rutgers University, Department of Economics.

  7. Hughes, Joseph P. & Mester, Loretta J., 2013. "Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications," Working Papers 13-28, University of Pennsylvania, Wharton School, Weiss Center.

    Cited by:

    1. Joseph Olorunfemi Akande & Farai Kwenda, 2017. "Does Competition Cause Stability in Banks? SFA and GMM Application to Sub-Saharan Africa Commercial Banks," Journal of Economics and Behavioral Studies, AMH International, vol. 9(4), pages 173-186.
    2. Nazmoon Akhter, 2021. "Assessing the Relationship between Efficiency, Capital and Risk of Commercial Banks in Bangladesh," International Journal of Business and Management, Canadian Center of Science and Education, vol. 14(1), pages 1-55, July.
    3. Xiaoteng Ma & Ziyu Tang & Dan Wang & Hao Gao, 2020. "The Influence of Risk Culture on the Performance of International Joint-Venture Securities," Sustainability, MDPI, vol. 12(7), pages 1-21, March.
    4. Pankaj C. Patel & Mike G. Tsionas, 2022. "Learning‐by‐lending and learning‐by‐repaying: A two‐sided learning model for defaults on Small Business Administration loans," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(4), pages 906-919, June.
    5. Godspower-Akpomiemie, Euphemia & Ojah, Kalu, 2021. "Market discipline, regulation and banking effectiveness: Do measures matter?," Journal of Banking & Finance, Elsevier, vol. 133(C).

  8. Joseph P. Hughes & Loretta J. Mester, 2012. "A primer on market discipline and governance of financial institutions for those in a state of shocked disbelief," Working Papers 12-13, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Eva A. Arnold & Ingrid Größl & Philipp Koziol, 2015. "Market Discipline Across Bank Governance Models. Empirical Evidence from German Depositors," Macroeconomics and Finance Series 201502, University of Hamburg, Department of Socioeconomics.
    2. Joseph P. Hughes & Loretta J. Mester, 2013. "Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications," Departmental Working Papers 201322, Rutgers University, Department of Economics.

  9. Hughes, Joseph P. & Mester, Loretta J., 2011. "Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function," Working Papers 11-47, University of Pennsylvania, Wharton School, Weiss Center.

    Cited by:

    1. Diego Restrepo-Tobón & Subal Kumbhakar & Kai Sun, 2015. "Obelix vs. Asterix: Size of US commercial banks and its regulatory challenge," Journal of Regulatory Economics, Springer, vol. 48(2), pages 125-168, October.
    2. Mikhail Mamonov & Christopher Parmeter & Artem Prokhorov, 2024. "Bank Cost Efficiency and Credit Market Structure Under a Volatile Exchange Rate," Papers 2408.05688, arXiv.org.
    3. Ronald W. Anderson & Karin Joeveer, 2012. "Bankers and bank investors: Reconsidering the economies of scale in banking," FMG Discussion Papers dp712, Financial Markets Group.
    4. Saqib Aziz & Michael Dowling & Jean-Jacques Lilti, 2016. "Bank Acquisitiveness and Financial Crisis Vulnerability," Post-Print halshs-01360952, HAL.
    5. Ayadi, Rym & Naceur, Sami Ben & Casu, Barbara & Quinn, Barry, 2016. "Does Basel compliance matter for bank performance?," Journal of Financial Stability, Elsevier, vol. 23(C), pages 15-32.
    6. Guohua Feng & Chuan Wang, 2021. "Determinants of profitability of community banks in the USA: a cost-frontier-based decomposition approach," Empirical Economics, Springer, vol. 60(6), pages 2969-2992, June.
    7. Huber, Kilian, 2021. "Are Bigger Banks Better? Firm-Level Evidence from Germany," CEPR Discussion Papers 15769, C.E.P.R. Discussion Papers.
    8. Sapci, Ayse & Miles, Bradley, 2017. "Bank Size, Returns to Scale and Cost Efficiency," Working Papers 2017-02, Department of Economics, Colgate University, revised 10 Mar 2017.
    9. Minton, Bernadette A. & Stulz, Rene M. & Toboada, Alvaro G., 2017. "Are Larger Banks Valued More Highly?," Working Paper Series 2017-08, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    10. Arantxa Jarque & David A. Price, 2014. "Living Wills: A Tool for Curbing 'Too Big to Fail'," Annual Report, Federal Reserve Bank of Richmond, pages 5-17.
    11. Rancan, Michela & Cariboni, Jessica & Keasey, Kevin & Vallascas, Francesco, 2023. "Bond issuance and the funding choices of European banks: The consequences of public debt," Journal of Empirical Finance, Elsevier, vol. 74(C).
    12. Ikram Ullah Khan & Sadaqat Ali & Habib Nawaz Khan, 2018. "Market Concentration, Risk-taking, and Efficiency of Commercial Banks in Pakistan: An Application of the Two-Stage Double Bootstrap DEA," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 10(2), pages 65-96, June.
    13. Poghosyan, Tigran & Werger, Charlotte & de Haan, Jakob, 2016. "Size and support ratings of US banks," The North American Journal of Economics and Finance, Elsevier, vol. 37(C), pages 236-247.
    14. Filippo Curti & W. Scott Frame & Atanas Mihov, 2020. "Are the Largest Banking Organizations Operationally More Risky?," Working Papers 2016, Federal Reserve Bank of Dallas.
    15. Boyd, John H. & Heitz, Amanda, 2016. "The social costs and benefits of too-big-to-fail banks: A “bounding” exercise," Journal of Banking & Finance, Elsevier, vol. 68(C), pages 251-265.
    16. Joseph Hughes & Julapa Jagtiani & Loretta Mester & Choon-Geol Moon, 2018. "Does Scale Matter In Community Bank Performance? Evidence Obtained By Applying Several New Measures Of Performance," Departmental Working Papers 201803, Rutgers University, Department of Economics.
    17. Duan, Ying & Niu, Jijun, 2020. "Liquidity creation and bank profitability," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    18. Olena Havrylchyk, 2018. "Regulatory framework for the loan-based crowdfunding platforms," OECD Economics Department Working Papers 1513, OECD Publishing.
    19. Ivan Huljak & Reiner Martin & Diego Moccero, 2021. "Bank productivity in CESEE countries," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/21, pages 83-104.
    20. Hadad, Muliaman D. & Hall, Maximilian J.B. & Santoso, Wimboh & Simper, Richard, 2013. "Economies of scale and a process for identifying hypothetical merger potential in Indonesian commercial banks," Journal of Asian Economics, Elsevier, vol. 26(C), pages 42-51.
    21. Bashkim Nurboja & Marko Košak, 2019. "Cost efficiency and risk as determinants of market share in banking: Evidence from the old and new eu member and candidate countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 37(2), pages 499-525.
    22. Vasiliki Makri, 2016. "Towards an Investigation of Credit Risk Determinants in Eurozone Countries," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 15(1), pages 27-57, March.
    23. Ross Levine & Chen Lin & Wensi Xie, 2021. "Geographic Diversification and Banks’ Funding Costs," Management Science, INFORMS, vol. 67(5), pages 2657-2678, May.
    24. Radić, Nemanja, 2015. "Shareholder value creation in Japanese banking," Journal of Banking & Finance, Elsevier, vol. 52(C), pages 199-207.
    25. Beccalli, Elena & Anolli, Mario & Borello, Giuliana, 2015. "Are European banks too big? evidence on economies of scale," LSE Research Online Documents on Economics 62936, London School of Economics and Political Science, LSE Library.
    26. Robert McKeown, 2017. "Where Are The Economies Of Scale In Canadian Banking?," Working Paper 1380, Economics Department, Queen's University.
    27. Hughes, Joseph P. & Moon, Choon-Geol, 2022. "How bad is a bad loan? Distinguishing inherent credit risk from inefficient lending (Does the capital market price this difference?)," Journal of Economics and Business, Elsevier, vol. 120(C).
    28. Schoenmaker, Dirk & Duijm, Patty, 2017. "European Banks Straddling Borders: Risky or Rewarding?," CEPR Discussion Papers 12159, C.E.P.R. Discussion Papers.
    29. Chiorazzo, Vincenzo & D'Apice, Vincenzo & DeYoung, Robert & Morelli, Pierluigi, 2018. "Is the traditional banking model a survivor?," Journal of Banking & Finance, Elsevier, vol. 97(C), pages 238-256.
    30. Tsionas, Mike & Malikov, Emir & Kumbhakar, Subal C., 2018. "An Internally Consistent Approach to the Estimation of Market Power and Cost Efficiency with an Application to U.S. Banking," MPRA Paper 85811, University Library of Munich, Germany.
    31. Assaf, A. George & Berger, Allen N. & Roman, Raluca A. & Tsionas, Mike G., 2019. "Does efficiency help banks survive and thrive during financial crises?," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 445-470.
    32. Sarmiento Paipilla, N.M. & Galán, Jorge E., 2015. "The Influence of Risk-taking on Bank Efficiency : Evidence from Colombia," Other publications TiSEM f7a73cdb-55a2-40d3-936f-7, Tilburg University, School of Economics and Management.
    33. Allen N. Berger & Felix Irresberger & Raluca A. Roman, 2020. "Bank Size and Household Financial Sentiment: Surprising Evidence from University of Michigan Surveys of Consumers," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(S1), pages 149-191, October.
    34. Ali Mehrabani & Aman Ullah, 2020. "Improved Average Estimation in Seemingly Unrelated Regressions," Econometrics, MDPI, vol. 8(2), pages 1-22, April.
    35. Anastasia Cozarenco & Valentina Hartarska & Ariane Szafarz, 2019. "Too Many Cooks Spoil the Broth: The Conflicting Impacts of Subsidies and Deposits on the Cost-Efficiency of Microfinance Institutions," Working Papers CEB 19-001, ULB -- Universite Libre de Bruxelles.
    36. Malikov, Emir & Hartarska, Valentina, 2018. "Endogenous Scope Economies in Microfinance Institutions," MPRA Paper 87450, University Library of Munich, Germany.
    37. Malikov, Emir & Kumbhakar, Subal C. & Tsionas, Efthymios, 2015. "A Cost System Approach to the Stochastic Directional Technology Distance Function with Undesirable Outputs: The Case of U.S. Banks in 2001-2010," MPRA Paper 66490, University Library of Munich, Germany.
    38. Eero Tölö & Esa Jokivuolle & Matti Viren, 2021. "Have Too-Big-to-Fail Expectations Diminished? Evidence from the European Overnight Interbank Market," Journal of Financial Services Research, Springer;Western Finance Association, vol. 60(1), pages 25-54, August.
    39. Shekhar Aiyar & Charles W. Calomiris & Tomasz Wieladek, 2015. "How to Strengthen the Regulation of Bank Capital: Theory, Evidence, and A Proposal," Journal of Applied Corporate Finance, Morgan Stanley, vol. 27(1), pages 27-36, March.
    40. Leonardo Gambacorta & Adrian Van Rixtel, 2013. "Structural bank regulation initiatives: approaches and implications," BIS Working Papers 412, Bank for International Settlements.
    41. Li, Shaofang & Marinč, Matej, 2018. "Economies of scale and scope in financial market infrastructures," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 53(C), pages 17-49.
    42. Marco Pagano & Sam Langfield & Viral V. Acharya & Arnoud Boot & Markus K. Brunnermeier & Claudia Buch & Martin F. Hellwig & André Sapir & Ieke van den Burg, 2014. "Is Europe Overbanked?," Report of the Advisory Scientific Committee 4, European Systemic Risk Board.
    43. Biswas, Swarnava (Sonny) & Gómez, Fabiana & Zhai, Wei, 2017. "Who needs big banks? The real effects of bank size on outcomes of large US borrowers," Journal of Corporate Finance, Elsevier, vol. 46(C), pages 170-185.
    44. Joseph P. Hughes & Loretta J. Mester, 2018. "The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications," Departmental Working Papers 201805, Rutgers University, Department of Economics.
    45. Laeven, Luc & Ratnovski, Lev & Tong, Hui, 2016. "Bank size, capital, and systemic risk: Some international evidence," Journal of Banking & Finance, Elsevier, vol. 69(S1), pages 25-34.
    46. Javed I. Ahmed & Christopher Anderson & Rebecca Zarutskie, 2015. "Are the Borrowing Costs of Large Financial Firms Unusual?," Finance and Economics Discussion Series 2015-24, Board of Governors of the Federal Reserve System (U.S.).
    47. Karadima, Maria & Louri, Helen, 2021. "Economic policy uncertainty and non-performing loans: The moderating role of bank concentration," Finance Research Letters, Elsevier, vol. 38(C).
    48. Md. Asif Nawaz, 2021. "Impact of Specialization, Ownership Structure, and Size on Cost and Profit Efficiency of US Commercial and Savings Banks," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 11(3), pages 1-4.
    49. Zhang, Jingfang & Malikov, Emir, 2022. "Off-balance sheet activities and scope economies in U.S. banking," Journal of Banking & Finance, Elsevier, vol. 141(C).
    50. Ryan Johnston, 2016. "Banking Policy Review: Did Dodd–Frank End 'Too Big to Fail'?," Economic Insights, Federal Reserve Bank of Philadelphia, vol. 1(4), pages 16-20, October.
    51. Valentina Hartarska & Jingfang Zhang & Denis A. Nadolnyak, 2023. "Scope economies from rural and urban microfinance services," Southern Economic Journal, John Wiley & Sons, vol. 89(4), pages 1138-1167, April.
    52. Malikov, Emir & Kumbhakar, Subal C. & Sun, Yiguo, 2016. "Varying coefficient panel data model in the presence of endogenous selectivity and fixed effects," Journal of Econometrics, Elsevier, vol. 190(2), pages 233-251.
    53. Kouzez, Marc, 2023. "Political environment and bank performance: Does bank size matter?," Economic Systems, Elsevier, vol. 47(1).
    54. David Andolfatto, 2017. "Bank Panics with Scale Economies," 2017 Meeting Papers 265, Society for Economic Dynamics.
    55. Joseph P. Hughes & Loretta J. Mester, 2013. "Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications," Departmental Working Papers 201322, Rutgers University, Department of Economics.
    56. Tölö, Eero & Jokivuolle, Esa & Viren, Matti, 2019. "Has banks' monitoring of other banks strengthened post-crisis? Evidence from the European overnight market," Bank of Finland Research Discussion Papers 22/2019, Bank of Finland.
    57. Christian Castro & Jorge E. Galán, 2019. "Drivers of productivity in the Spanish banking sector: recent evidence," Working Papers 1912, Banco de España.
    58. Spierdijka, Laura & Zaourasa, Michalis, 2018. "Measuring banks’ market power in the presence of economies of scale: A scale-corrected Lerner index," Journal of Banking & Finance, Elsevier, vol. 87(C), pages 40-48.
    59. Besstremyannaya, Galina, 2017. "Heterogeneous effect of the global financial crisis and the Great East Japan Earthquake on costs of Japanese banks," Journal of Empirical Finance, Elsevier, vol. 42(C), pages 66-89.
    60. Jeongsim Kim, 2018. "Bank Competition And Financial Stability: Liquidity Risk Perspective," Contemporary Economic Policy, Western Economic Association International, vol. 36(2), pages 337-362, April.
    61. Guohua Feng & Bin Peng & Xiaohui Zhang, 2017. "Productivity and efficiency at bank holding companies in the U.S.: a time-varying heterogeneity approach," Journal of Productivity Analysis, Springer, vol. 48(2), pages 179-192, December.
    62. Elena Beccalli & Ludovico Rossi, 2020. "Economies or diseconomies of scope in the EU banking industry?," European Financial Management, European Financial Management Association, vol. 26(5), pages 1261-1293, November.
    63. van der Plaat, Mark & Spierdijk, Laura, 2020. "Recourse, asymmetric information, and credit risk over the business cycle," MPRA Paper 104718, University Library of Munich, Germany.
    64. Curi, Claudia & Murgia, Maurizio, 2018. "Divestitures and the financial conglomerate excess value," Journal of Financial Stability, Elsevier, vol. 36(C), pages 187-207.
    65. Nina Boyarchenko & Domenico Giannone & Anna Kovner, 2020. "Bank Capital and Real GDP Growth," Staff Reports 950, Federal Reserve Bank of New York.
    66. Baltas, Konstantinos N. & Kapetanios, George & Tsionas, Efthymios & Izzeldin, Marwan, 2017. "Liquidity creation through efficient M&As: A viable solution for vulnerable banking systems? Evidence from a stress test under a panel VAR methodology," Journal of Banking & Finance, Elsevier, vol. 83(C), pages 36-56.
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    118. Beccalli, Elena & Rossi, Ludovico & Viola, Andrea, 2023. "Network vs integrated organizational structure of cooperative banks: Evidence on the Italian reform," International Review of Financial Analysis, Elsevier, vol. 89(C).
    119. W. Scott Frame & Ping McLemore & Atanas Mihov, 2020. "Haste Makes Waste: Banking Organization Growth and Operational Risk," Working Papers 2023, Federal Reserve Bank of Dallas.
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    123. Nguyen, Minh Nhat & Tran, Dung Viet & Nguyen, Van, 2024. "Do banks with more able managers get better funding costs?," Finance Research Letters, Elsevier, vol. 61(C).
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    125. Curi, Claudia & Lozano-Vivas, Ana, 2020. "Managerial ability as a tool for prudential regulation," Journal of Economic Behavior & Organization, Elsevier, vol. 174(C), pages 87-107.
    126. Harimaya, Kozo & Ozaki, Yasufumi, 2021. "Effects of diversification on bank efficiency: Evidence from Shinkin banks in Japan," International Review of Economics & Finance, Elsevier, vol. 71(C), pages 700-717.
    127. Bolton, Patrick & Oehmke, Martin, 2018. "Bank Resolution and the Structure of Global Banks," CEPR Discussion Papers 13032, C.E.P.R. Discussion Papers.
    128. Avramidis, Panagiotis & Cabolis, Christos & Serfes, Konstantinos, 2018. "Bank size and market value: The role of direct monitoring and delegation costs," Journal of Banking & Finance, Elsevier, vol. 93(C), pages 127-138.
    129. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2016. "Market Discipline Working for and Against Financial Stability: The Two Faces of Equity Capital in U.S. Commercial Banking," Departmental Working Papers 201611, Rutgers University, Department of Economics.
    130. Huang, Tai-Hsin & Chen, Kuan-Chen & Lin, Chung-I, 2018. "An extension from network DEA to copula-based network SFA: Evidence from the U.S. commercial banks in 2009," The Quarterly Review of Economics and Finance, Elsevier, vol. 67(C), pages 51-62.
    131. Jalaludeen Navas & Periyasamy Dhanavanthan & Daniel Lazar, 2020. "How Efficient Are Indian Banks in Managing the Risk-Return Trade-Off? An Empirical Analysis," Risks, MDPI, vol. 8(4), pages 1-13, December.
    132. Delis, Manthos D. & Hasan, Iftekhar & Tsionas, Efthymios G., 2014. "The risk of financial intermediaries," Bank of Finland Research Discussion Papers 18/2014, Bank of Finland.
    133. Joseph P. Hughes, 2013. "The Elusive Scale Economies of the Largest Banks and Their Implications for Global Competitiveness," World Scientific Book Chapters, in: Douglas D Evanoff & Cornelia Holthausen & George G Kaufman & Manfred Kremer (ed.), The Role of Central Banks in Financial Stability How Has It Changed?, chapter 17, pages 327-345, World Scientific Publishing Co. Pte. Ltd..
    134. Huljak, Ivan & Martin, Reiner & Moccero, Diego, 2019. "The cost-efficiency and productivity growth of euro area banks," Working Paper Series 2305, European Central Bank.
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  10. Joseph P. Hughes, 2011. "A New Cost Efficiency Measure For Not-For-Profit Firms: Evidence Of A Link Between Inefficiency And Large Endowments," Departmental Working Papers 201129, Rutgers University, Department of Economics.

    Cited by:

    1. Ching-Yu Chen & Jwu-Rong Lin & Chun-Ju Liu, 2018. "The Impact of Operational Digitalization and Intangible Asset Investment on Technical Efficiency and Financial Performance of Taiwa's Social Work Industry," Journal of Economics and Management, College of Business, Feng Chia University, Taiwan, vol. 14(2), pages 147-171, August.

  11. Joseph P. Hughes & Loretta J. Mester, 2008. "Efficiency in banking: theory, practice, and evidence," Working Papers 08-1, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Gropp, Reint E. & Kashyap, Anil K., 2008. "A New Metric for Banking Integration in Europe," ZEW Discussion Papers 08-102, ZEW - Leibniz Centre for European Economic Research.
    2. Dan Li & Yanfeng Li & Yeming Gong & Jiawei Yang, 2021. "Estimation of bank performance from multiple perspectives: an alternative solution to the deposit dilemma," Journal of Productivity Analysis, Springer, vol. 56(2), pages 151-170, December.
    3. Hughes, Joseph P. & Mester, Loretta J., 2013. "Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function," Working Papers 13-17, University of Pennsylvania, Wharton School, Weiss Center.
    4. Kristen Regehr & Rajdeep Sengupta, 2016. "Sectoral Loan Concentration and Bank Performance (2001-2014)," Research Working Paper RWP 16-13, Federal Reserve Bank of Kansas City.
    5. Matousek, Roman & Tzeremes, Nickolaos G., 2016. "CEO compensation and bank efficiency: An application of conditional nonparametric frontiers," European Journal of Operational Research, Elsevier, vol. 251(1), pages 264-273.
    6. Mai, Nhat Chi, 2015. "Efficiency of the banking system in Vietnam under financial liberalization," OSF Preprints qsf6d, Center for Open Science.
    7. Clements Adeyinka Akinsoyinu, 2015. "Efficiency Evaluation of European Financial Cooperative Sector. A Data Envelopment Analysis Approach," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 5(4), pages 11-21, October.
    8. Hanson, Samuel G. & Shleifer, Andrei & Stein, Jeremy C. & Vishny, Robert W., 2015. "Banks as patient fixed-income investors," Journal of Financial Economics, Elsevier, vol. 117(3), pages 449-469.
    9. Aleksandra Marcikić Horvat & Nada Milenković & Branislav Dudić & Branimir Kalaš & Boris Radovanov & Alexandra Mittelman, 2022. "Evaluating Bank Efficiency in the West Balkan Countries Using Data Envelopment Analysis," Mathematics, MDPI, vol. 11(1), pages 1-15, December.
    10. Francesco Aiello & Graziella Bonanno, 2018. "Multilevel empirics for small banks in local markets," Papers in Regional Science, Wiley Blackwell, vol. 97(4), pages 1017-1037, November.
    11. Inanoglu, Hulusi & Jacobs, Michael, Jr. & Liu, Junrong & Sickles, Robin, 2015. "Analyzing Bank Efficiency: Are "Too-Big-to-Fail" Banks Efficient?," Working Papers 15-016, Rice University, Department of Economics.
    12. Vlastimir Vukovic & Gradimir Kožetinac & Dusan Kostic, 2009. "Impact of Global Financial Crisis on Banking Profitability: The Case of Serbia," Book Chapters, in: Claude Berthomieu & Jean-Paul Guichard & Dejan Eric & Srdjan Redzepagic (ed.), Financial Systems Integration of Balkan Countries in the European Financial System: Impact of Global Crisis, edition 1, volume 1, chapter 18, pages 155-162, Institute of Economic Sciences.
    13. Francesco, Aiello & Graziella, Bonanno, 2015. "Looking at the determinants of efficiency in banking: evidence from Italian mutual-cooperatives," MPRA Paper 62486, University Library of Munich, Germany.
    14. Friederike Niepmann, 2016. "Banking Across Borders With Heterogeneous Banks," International Finance Discussion Papers 1177, Board of Governors of the Federal Reserve System (U.S.).
    15. Robert McKeown, 2017. "Where Are The Economies Of Scale In Canadian Banking?," Working Paper 1380, Economics Department, Queen's University.
    16. Ray, Subhash, 2016. "Cost efficiency in an Indian bank branch network: A centralized resource allocation model," Omega, Elsevier, vol. 65(C), pages 69-81.
    17. Luo, Yun & Tanna, Sailesh & De Vita, Glauco, 2016. "Financial openness, risk and bank efficiency: Cross-country evidence," Journal of Financial Stability, Elsevier, vol. 24(C), pages 132-148.
    18. Rubana Mahjabeen, 2010. "On The Provision Of Micro Loans - Microfinance Institutions And Traditional Banks," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 35(1), pages 59-73, March.
    19. Niepmann, Friederike, 2023. "Banking across borders with heterogeneous banks," Journal of International Economics, Elsevier, vol. 142(C).
    20. Gustavo Ferro & Daniel Lema & Francisco Schiffrer, 2019. "Bank branches efficiency under management and regulatory constraints," Estudios Gerenciales, Universidad Icesi, vol. 35(151), pages 122-134, June.
    21. Mohanty, Sunil K. & Lin, Winston T. & Lin, Hong-Jen, 2013. "Measuring cost efficiency in presence of heteroskedasticity: The case of the banking industry in Taiwan," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 26(C), pages 77-90.
    22. Montgomery, Heather & Harimaya, Kozo & Takahashi, Yuki, 2014. "Too big to succeed? Banking sector consolidation and efficiency," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 32(C), pages 86-106.
    23. Maria-Eleni K. Agoraki & Manthos D. Delis & Panagiotis K. Staikouras, 2010. "The effect of board size and composition on bank efficiency," International Journal of Banking, Accounting and Finance, Inderscience Enterprises Ltd, vol. 2(4), pages 357-386.
    24. Aiello, Francesco & Bonanno, Graziella, 2016. "Bank efficiency and local market conditions. Evidence from Italy," Journal of Economics and Business, Elsevier, vol. 83(C), pages 70-90.
    25. Do Van Anh,, 2022. "Does better capitalization enhance bank efficiency and limit risk taking? Evidence from ASEAN commercial banks," Global Finance Journal, Elsevier, vol. 53(C).
    26. Ioan Trenca & Daniela Bozga & Daniela Zapodeanu & Mihail Ioan Cociuba, 2017. "Considerations On The Strategy Of Commercial Banks In The Context Of The Financial System Development For The Period 2005-2013," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 248-258, December.
    27. Joseph P. Hughes & Loretta J. Mester, 2012. "A Primer on Market Discipline and Governance of Financial Institutions for Those in a State of Shocked Disbelief," Departmental Working Papers 201204, Rutgers University, Department of Economics.
    28. Cândida Ferreira, 2011. "European integration and banking efficiency: a panel cost frontier approach," Working Papers Department of Economics 2011/04, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    29. Tigran Poghosyan & Subal Kumbhakar, 2010. "Heterogeneity of technological regimes and banking efficiency in former socialist economies," Journal of Productivity Analysis, Springer, vol. 33(1), pages 19-31, February.
    30. Abreu, Emmanuel Sousa de & Kimura, Herbert & Sobreiro, Vinicius Amorim, 2019. "What is going on with studies on banking efficiency?," Research in International Business and Finance, Elsevier, vol. 47(C), pages 195-219.
    31. Ivan Huljak & Reiner Martin & Diego Moccero, 2022. "The productivity growth of euro area banks," Journal of Productivity Analysis, Springer, vol. 58(1), pages 15-33, August.
    32. Martín-Oliver, Alfredo & Ruano, Sonia & Salas-Fumás, Vicente, 2013. "Why high productivity growth of banks preceded the financial crisis," Journal of Financial Intermediation, Elsevier, vol. 22(4), pages 688-712.
    33. Horst Gischer & Toni Richter, 2011. "'Global Player' im Bankenwesen - ökonomisch sinnvoll oder problembehaftet?," FEMM Working Papers 110012, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    34. Hartarska, Valentina & Shen, Xuan & Mersland, Roy, 2013. "Scale economies and input price elasticities in microfinance institutions," Journal of Banking & Finance, Elsevier, vol. 37(1), pages 118-131.
    35. Edward Gardener & Philip Molyneux & Hoai Nguyen-Linh, 2010. "Determinants of efficiency in South East Asian banking," The Service Industries Journal, Taylor & Francis Journals, vol. 31(16), pages 2693-2719, July.
    36. Cristian Barra & Sergio Destefanis & Giuseppe Lubrano Lavadera, 2013. "Regulation and the Crisis: The Efficiency of Italian Cooperative Banks," CSEF Working Papers 338, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    37. Delis, Manthos D & Tsionas, Efthymios, 2009. "The joint estimation of bank-level market power and efficiency," MPRA Paper 14040, University Library of Munich, Germany.
    38. Jalaludeen Navas & Periyasamy Dhanavanthan & Daniel Lazar, 2020. "How Efficient Are Indian Banks in Managing the Risk-Return Trade-Off? An Empirical Analysis," Risks, MDPI, vol. 8(4), pages 1-13, December.
    39. Joseph P. Hughes, 2013. "The Elusive Scale Economies of the Largest Banks and Their Implications for Global Competitiveness," World Scientific Book Chapters, in: Douglas D Evanoff & Cornelia Holthausen & George G Kaufman & Manfred Kremer (ed.), The Role of Central Banks in Financial Stability How Has It Changed?, chapter 17, pages 327-345, World Scientific Publishing Co. Pte. Ltd..
    40. Hasanul Banna & Md Rabiul Alam, 2021. "Does Digital Financial Inclusion Matter For Bank Risk-Taking? Evidence From The Dual-Banking System," Journal of Islamic Monetary Economics and Finance, Bank Indonesia, vol. 7(2), pages 401-430, May.
    41. Noha Farrag & Guenter Lang, 2012. "The Egyptian Banking Sector: Assessing Efficiency Using a Stochastic Frontier Cost Function," Working Papers 33, The German University in Cairo, Faculty of Management Technology.
    42. Azevedo, Paulo F. & Ribeiro, Paulo & Rodrigues, Gabriela, 2019. "Credit portability and spreads: Evidence in the Brazilian market," Journal of Economics and Business, Elsevier, vol. 106(C).
    43. Valipour Pasha, Mohammad & Biabani , Jahangir, 2016. "The Effect of Regulatory Policy on Efficiency under Prudential Framework among Listed Iranian Banks," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 11(2), pages 153-171, April.
    44. Shen, Chung-Hua & Chen, Ting-Hsuan, 2010. "Estimating banking cost efficiency with the consideration of cost management," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(4), pages 424-435, November.

  12. Joseph P. Hughes & Choon-Geol Moon, 2004. "Estimating managers' utility-maximizing demand for agency goods," Proceedings 920, Federal Reserve Bank of Chicago.

    Cited by:

    1. Joseph P. Hughes & Loretta J. Mester, 2013. "Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications," Departmental Working Papers 201322, Rutgers University, Department of Economics.
    2. Joseph P. Hughes & Loretta J. Mester, 2012. "A Primer on Market Discipline and Governance of Financial Institutions for Those in a State of Shocked Disbelief," Departmental Working Papers 201204, Rutgers University, Department of Economics.

  13. Joseph P. Hughes & William W. Lang & Choon-Geol Moon & Michael S. Pagano, 2004. "Managerial Incentives and the Efficiency of Capital Structure in U.S. Commercial Banking," Departmental Working Papers 200401, Rutgers University, Department of Economics.

    Cited by:

    1. Fiordelisi, Franco, 2007. "Shareholder value efficiency in European banking," Journal of Banking & Finance, Elsevier, vol. 31(7), pages 2151-2171, July.

  14. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon & Michael S. Pagano, 2002. "Do bankers sacrifice value to build empires? managerial incentives, industry consolidation, and financial performance," Working Papers 02-2, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Joseph P. Hughes & Julapa Jagtiani & Loretta J. Mester, 2016. "Is Bigger Necessarily Better in Community Banking?," Departmental Working Papers 201604, Rutgers University, Department of Economics.
    2. Nobuyoshi Yamori & Kozo Harimaya & Kazumine Kondo, 2003. "Are Banks Affiliated with Bank Holding Companies More Efficient Than Independent Banks? The Recent Experience Regarding Japanese Regional BHCs," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 10(4), pages 359-376, December.
    3. Joseph Olorunfemi Akande & Farai Kwenda, 2017. "Does Competition Cause Stability in Banks? SFA and GMM Application to Sub-Saharan Africa Commercial Banks," Journal of Economics and Behavioral Studies, AMH International, vol. 9(4), pages 173-186.
    4. Wilson, John O.S. & Casu, Barbara & Girardone, Claudia & Molyneux, Philip, 2010. "Emerging themes in banking: Recent literature and directions for future research," The British Accounting Review, Elsevier, vol. 42(3), pages 153-169.
    5. Angélica María Sánchez-Riofrío & Luis Ángel Guerras-Martín & Francisco Javier Forcadell, 2015. "Business portfolio restructuring: a comprehensive bibliometric review," Scientometrics, Springer;Akadémiai Kiadó, vol. 102(3), pages 1921-1950, March.
    6. Leire San-Jose & Jose Luis Retolaza & Eric Lamarque, 2018. "The Social Efficiency for Sustainability: European Cooperative Banking Analysis," Post-Print hal-02536203, HAL.
    7. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2017. "Measuring agency costs and the value of investment opportunities of US bank holding companies with stochastic frontier estimation," Chapters, in: Jacob A. Bikker & Laura Spierdijk (ed.), Handbook of Competition in Banking and Finance, chapter 11, pages 205-229, Edward Elgar Publishing.
    8. Sapci, Ayse & Miles, Bradley, 2017. "Bank Size, Returns to Scale and Cost Efficiency," Working Papers 2017-02, Department of Economics, Colgate University, revised 10 Mar 2017.
    9. Fotios Pasiouras & Chrysovalantis Gaganis & Constantin Zopounidis, 2008. "Regulations, Supervision Approaches and Acquisition Likelihood in the Asian Banking Industry," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 15(2), pages 135-154, June.
    10. Stafano Caiazza & Alberto Franco Pozzolo & Giovanni Trovato, 2011. "Do domestic and cross-border M&As differ? Cross-country evidence from the banking sector," Mo.Fi.R. Working Papers 52, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    11. De Jonghe, Olivier & Vennet, Rudi Vander, 2008. "Competition versus efficiency: What drives franchise values in European banking?," Journal of Banking & Finance, Elsevier, vol. 32(9), pages 1820-1835, September.
    12. Joseph Hughes & Julapa Jagtiani & Loretta Mester & Choon-Geol Moon, 2018. "Does Scale Matter In Community Bank Performance? Evidence Obtained By Applying Several New Measures Of Performance," Departmental Working Papers 201803, Rutgers University, Department of Economics.
    13. Amira Neffati & Wided Khiari & Azhaar Lajmi, 2020. "Corporate Governance And Post-Merger Performance: Evidence From Us Banks," Copernican Journal of Finance & Accounting, Uniwersytet Mikolaja Kopernika, vol. 9(3), pages 99-113.
    14. Jijun Niu, 2016. "Insider ownership, power, and bank value," Journal of Economic and Financial Studies (JEFS), LAR Center Press, vol. 4(4), pages 34-41, August.
    15. Pagano, Michael S., 2022. "How do Equity Investors Assess the Efficiency of Global Financial Institutions?," Finance Research Letters, Elsevier, vol. 49(C).
    16. Koetter, Michael & Wedow, Michael, 2006. "Finance and growth in a bank-based economy: is it quantity or quality that matters?," Discussion Paper Series 2: Banking and Financial Studies 2006,02, Deutsche Bundesbank.
    17. Hughes, Joseph P. & Moon, Choon-Geol, 2022. "How bad is a bad loan? Distinguishing inherent credit risk from inefficient lending (Does the capital market price this difference?)," Journal of Economics and Business, Elsevier, vol. 120(C).
    18. Fatma Cebenoyan & Donal Byard, 2003. "Firms’ Relative Operational Efficiency and Analysts’ Earnings Forecasts," Economics Working Paper Archive at Hunter College 302, Hunter College Department of Economics.
    19. Turk Ariss, Rima, 2010. "On the implications of market power in banking: Evidence from developing countries," Journal of Banking & Finance, Elsevier, vol. 34(4), pages 765-775, April.
    20. Baselga-Pascual, Laura & Vähämaa, Emilia, 2021. "Female leadership and bank performance in Latin America," Emerging Markets Review, Elsevier, vol. 48(C).
    21. Zhu, JianJun (John) & Tse, Caleb H. & Li, Xu, 2019. "Unfolding China’s state-owned corporate empires and mitigating agency hazards: Effects of foreign investments and innovativeness," Journal of World Business, Elsevier, vol. 54(3), pages 191-212.
    22. Atul Gupta & Lalatendu Misra, 2007. "Deal size, bid prremium, and gains in bank mergers: The impact of managerial motivations," Working Papers 0018, College of Business, University of Texas at San Antonio.
    23. Nedelchev, Miroslav, 2010. "Корпоративно Управление На Финансови Групи (Спазвай И Обяснявай) [Corporate Governance of Financial Groups (Comply and Explain)]," MPRA Paper 52249, University Library of Munich, Germany.
    24. Joseph P. Hughes & Loretta J. Mester, 2018. "The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications," Departmental Working Papers 201805, Rutgers University, Department of Economics.
    25. Jeungbo Shim, 2011. "Mergers & Acquisitions, Diversification and Performance in the U.S. Property-Liability Insurance Industry," Journal of Financial Services Research, Springer;Western Finance Association, vol. 39(3), pages 119-144, June.
    26. Rötheli, Tobias F., 2010. "Causes of the financial crisis: Risk misperception, policy mistakes, and banks' bounded rationality," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(2), pages 119-126, April.
    27. Dean F. Amel & Colleen Barnes & Fabio Panetta & Carmelo Salleo, 2003. "Consolidation and Efficiency in the Financial Sector: A Review of the International Evidence," CEIS Research Paper 20, Tor Vergata University, CEIS.
    28. Gabriel Asaftei & Subal Kumbhakar, 2008. "Regulation and efficiency in transition: the case of Romanian banks," Journal of Regulatory Economics, Springer, vol. 33(3), pages 253-282, June.
    29. Gregory McKee & Albert Kagan, 2018. "Community bank structure an x-efficiency approach," Review of Quantitative Finance and Accounting, Springer, vol. 51(1), pages 19-41, July.
    30. Joseph P. Hughes & Loretta J. Mester, 2013. "Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications," Departmental Working Papers 201322, Rutgers University, Department of Economics.
    31. Khallaf, Ashraf, 2012. "Information technology investments and nonfinancial measures: A research framework," Accounting forum, Elsevier, vol. 36(2), pages 109-121.
    32. Loretta J. Mester, 2010. "Comment on "A New Metric for Banking Integration in Europe"," NBER Chapters, in: Europe and the Euro, pages 246-253, National Bureau of Economic Research, Inc.
    33. Atul Gupta & Bently Lalatendu Misra, 2007. "Deal size, bid premium, and gains in bank mergers: The impact of managerial motivations," Working Papers 0004, College of Business, University of Texas at San Antonio.
    34. Mikhail Mamonov, 2013. "Bad management, skimping, or both? The relationship between cost efficiency and loan quality in Russian banks," HSE Working papers WP BRP 19/FE/2013, National Research University Higher School of Economics.
    35. Jeon, Bang Nam & Wu, Ji & Chen, Limei & Chen, Minghua, 2020. "Diversification, efficiency and risk of banks: New consolidating evidence from emerging economies," School of Economics Working Paper Series 2020-10, LeBow College of Business, Drexel University.
    36. Joseph P. Hughes & Loretta J. Mester, 2008. "Efficiency in banking: theory, practice, and evidence," Working Papers 08-1, Federal Reserve Bank of Philadelphia.
    37. Ji, Mingming & Jiang, Liangliang, 2022. "Aggressive CEOs and bank mergers and acquisitions," Journal of Contemporary Accounting and Economics, Elsevier, vol. 18(3).
    38. Timothy King & Jonathan Williams, 2013. "Bank Efficiency and Executive Compensation," Working Papers 13009, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    39. Ze Song, 2019. "Long Term Health Efect of Earned Income Tax Credit," Departmental Working Papers 201902, Rutgers University, Department of Economics.
    40. San-Jose, Leire & Retolaza, Jose Luis & Torres Pruñonosa, Jose, 2014. "Efficiency in Spanish banking: A multistakeholder approach analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 32(C), pages 240-255.
    41. Spagnolo, Giancarlo & Carletti, Elena & Ongena, Steven & Siedlarek, Jan-Peter, 2020. "The Impacts of Stricter Merger Legislation on Bank Mergers and Acquisitions: Too-Big-To-Fail and Competition," CEPR Discussion Papers 14449, C.E.P.R. Discussion Papers.
    42. Loretta J. Mester, 2005. "Optimal industrial structure in banking," Working Papers 08-2, Federal Reserve Bank of Philadelphia.
    43. Gowin, Kathleen Donnelly & Wang, Daphne & Jory, Surendranath Rakesh & Houmes, Robert & Ngo, Thanh, 2021. "Impact on the firm value of financial institutions from penalties for violating anti-money laundering and economic sanctions regulations," Finance Research Letters, Elsevier, vol. 40(C).
    44. Joseph P. Hughes & Loretta J. Mester, 2012. "A Primer on Market Discipline and Governance of Financial Institutions for Those in a State of Shocked Disbelief," Departmental Working Papers 201204, Rutgers University, Department of Economics.
    45. M. Koetter, 2004. "The Stability of Efficiency Rankings when Risk-Preference are Different," Working Papers 04-08, Utrecht School of Economics.
    46. 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.
    47. Paula Cabo & João Rebelo, 2005. "Why do Agricultural Credit Cooperatives Merge? The Portuguese Experience," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 76(3), pages 491-516, September.
    48. Ghosh, Chinmoy & Harding, John & Phani, B.V., 2008. "Does liberalization reduce agency costs? Evidence from the Indian banking sector," Journal of Banking & Finance, Elsevier, vol. 32(3), pages 405-419, March.
    49. Williams, Jonathan, 2012. "Efficiency and market power in Latin American banking," Journal of Financial Stability, Elsevier, vol. 8(4), pages 263-276.
    50. Mr. Wim Fonteyne, 2007. "Cooperative Banks in Europe—Policy Issues," IMF Working Papers 2007/159, International Monetary Fund.
    51. Simona Galletta & Sebastiano Mazzù & Valeria Naciti, 2021. "Banks' business strategy and environmental effectiveness: The monitoring role of the board of directors and the managerial incentives," Business Strategy and the Environment, Wiley Blackwell, vol. 30(5), pages 2656-2670, July.
    52. Huljak Ivan, 2019. "Shareholder value in Croatian banking sector," Croatian Review of Economic, Business and Social Statistics, Sciendo, vol. 5(1), pages 1-8, May.
    53. Bank for International Settlements, 2010. "Long-term issues in international banking," CGFS Papers, Bank for International Settlements, number 41, december.
    54. Pasiouras, Fotios & Gaganis, Chrysovalantis & Zopounidis, Constantin, 2010. "Multicriteria classification models for the identification of targets and acquirers in the Asian banking sector," European Journal of Operational Research, Elsevier, vol. 204(2), pages 328-335, July.
    55. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2016. "Market Discipline Working for and Against Financial Stability: The Two Faces of Equity Capital in U.S. Commercial Banking," Departmental Working Papers 201611, Rutgers University, Department of Economics.
    56. Robert DeYoung & Douglas Evanoff & Philip Molyneux, 2009. "Mergers and Acquisitions of Financial Institutions: A Review of the Post-2000 Literature," Journal of Financial Services Research, Springer;Western Finance Association, vol. 36(2), pages 87-110, December.
    57. Jens Hagendorff & Kevin Keasey, 2009. "Post‐merger strategy and performance: evidence from the US and European banking industries," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 49(4), pages 725-751, December.
    58. Abel E. Ezeoha, 2011. "Banking consolidation, credit crisis and asset quality in a fragile banking system," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 19(1), pages 33-44, February.
    59. Carow, Kenneth A. & Cox, Steven R. & Roden, Dianne M., 2009. "Demutualization: Determinants and consequences of the mutual holding company choice," Journal of Banking & Finance, Elsevier, vol. 33(8), pages 1454-1463, August.
    60. Borochin, Paul & Knopf, John D., 2021. "Do managers seek control and entrenchment?," Journal of Corporate Finance, Elsevier, vol. 67(C).
    61. Fiordelisi, Franco, 2007. "Shareholder value efficiency in European banking," Journal of Banking & Finance, Elsevier, vol. 31(7), pages 2151-2171, July.
    62. Sang, Nguyen Minh, 2017. "Income Diversification and Bank Efficiency in Vietnam," OSF Preprints 9x2yz, Center for Open Science.
    63. Emmanuel Tsiritakis, 2017. "Competition and Efficiency in EU Banking," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(2), pages 3-25, April-Jun.
    64. Omneya Abdelsalam & Sabur Mollah & Emili Tortosa-Ausina, 2018. "Political connection and bank in(efficiency)," Working Papers 2018-11, Swansea University, School of Management.
    65. Ross Levine & Chen Lin & Zigan Wang, 2017. "Acquiring Banking Networks," NBER Working Papers 23469, National Bureau of Economic Research, Inc.
    66. Pagano, Michael S., 2021. "The shrinking role of foreign operations at global financial institutions and its impact on efficiency," Finance Research Letters, Elsevier, vol. 38(C).
    67. Loretta J. Mester, 2003. "Applying efficiency measurement techniques to central banks," Working Papers 03-13, Federal Reserve Bank of Philadelphia.
    68. Christoph Walkner & Jean-Pierre Raes, 2005. "Integration and consolidation in EU banking - an unfinished business," European Economy - Economic Papers 2008 - 2015 226, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.

  15. Joseph P. Hughes & William W. Lang & Choon-Geol Moon & Michael S. Pagano, 2001. "Managerial incentives and the efficiency of capital structure," Proceedings 713, Federal Reserve Bank of Chicago.

    Cited by:

    1. Karima Bouaiss & Christine Marsal, 2009. "Les mécanismes internes de gouvernance dans les banques:un état de l'art," Revue Finance Contrôle Stratégie, revues.org, vol. 12(1), pages 93-126, March.
    2. Douglas D. Evanoff & Evren Ors, 2002. "Local market consolidation and bank productive efficiency," Working Paper Series WP-02-25, Federal Reserve Bank of Chicago.

  16. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are scale economies in banking elusive or illusive? evidence obtained by incorporating capital structure and risk-taking into models of bank production," Proceedings 700, Federal Reserve Bank of Chicago.

    Cited by:

    1. Joseph P. Hughes & Julapa Jagtiani & Loretta J. Mester, 2016. "Is Bigger Necessarily Better in Community Banking?," Departmental Working Papers 201604, Rutgers University, Department of Economics.
    2. Sherrill Shaffer, 2010. "Reciprocal Brokered Deposits And Bank Risk," CAMA Working Papers 2010-15, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    3. Diego Restrepo-Tobón & Subal Kumbhakar & Kai Sun, 2015. "Obelix vs. Asterix: Size of US commercial banks and its regulatory challenge," Journal of Regulatory Economics, Springer, vol. 48(2), pages 125-168, October.
    4. Carletti, E. & Hartmann, P. & Ongena, S., 2008. "The Economic Impact of Merger Control Legislation," Other publications TiSEM 32141353-cba1-4335-bf6c-0, Tilburg University, School of Economics and Management.
    5. Pablo D'Erasmo & Dean Corbae, 2018. "Capital Requirements in a Quantitative Model of Banking Industry Dynamics," 2018 Meeting Papers 1221, Society for Economic Dynamics.
    6. Joseph Olorunfemi Akande & Farai Kwenda, 2017. "Does Competition Cause Stability in Banks? SFA and GMM Application to Sub-Saharan Africa Commercial Banks," Journal of Economics and Behavioral Studies, AMH International, vol. 9(4), pages 173-186.
    7. Ebrahimi , Mehrzad & Arshadi , Ali & Salimi , Mohamad Sadegh, 2015. "Effective Factors on Bank Profitability in Iran," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 10(1), pages 107-129, January.
    8. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2017. "Measuring agency costs and the value of investment opportunities of US bank holding companies with stochastic frontier estimation," Chapters, in: Jacob A. Bikker & Laura Spierdijk (ed.), Handbook of Competition in Banking and Finance, chapter 11, pages 205-229, Edward Elgar Publishing.
    9. Hughes, Joseph P. & Mester, Loretta J., 2013. "Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function," Working Papers 13-17, University of Pennsylvania, Wharton School, Weiss Center.
    10. Sapci, Ayse & Miles, Bradley, 2017. "Bank Size, Returns to Scale and Cost Efficiency," Working Papers 2017-02, Department of Economics, Colgate University, revised 10 Mar 2017.
    11. Saoussen Ben Gamra & Dominique Plihon, 2011. "Revenue diversification in emerging market banks: implications for financial performance," Working Papers hal-00598136, HAL.
    12. Liu, Hsiang-Hsi & Huang, Chin-Wei & Chiu, Yung-Ho & Huang, Hsiao-Chin, 2015. "Using A Three Stage Super-Sbm Model To Analyze The Influence Of Bank'S Internationalization And Risk On The Operational Efficiency," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 56(2), pages 213-229, December.
    13. Chiu, Yung-Ho & Chen, Yu-Chuan, 2009. "The analysis of Taiwanese bank efficiency: Incorporating both external environment risk and internal risk," Economic Modelling, Elsevier, vol. 26(2), pages 456-463, March.
    14. Emilios Galariotis & Kyriaki Kosmidou & Dimitrios Kousenidis & Eirini Lazaridou & Trifon Papapanagiotou, 2021. "Measuring the effects of M&As on Eurozone bank efficiency: an innovative approach on concentration and credibility impacts," Annals of Operations Research, Springer, vol. 306(1), pages 343-368, November.
    15. Moshirian, Fariborz & Szego, Giorgio, 2003. "Markets and institutions: Global perspectives," Journal of Banking & Finance, Elsevier, vol. 27(6), pages 1213-1218, June.
    16. Alaa Alaabed & Mansur Masih & Abbas Mirakhor, 2016. "Investigating risk shifting in Islamic banks in the dual banking systems of OIC member countries: An application of two-step dynamic GMM," Risk Management, Palgrave Macmillan, vol. 18(4), pages 236-263, December.
    17. Koutsomanoli-Filippaki, Anastasia I. & Mamatzakis, Emmanuel C., 2011. "Efficiency under quantile regression: What is the relationship with risk in the EU banking industry?," Review of Financial Economics, Elsevier, vol. 20(2), pages 84-95, May.
    18. Carol Ann Northcott, 2004. "Competition in Banking: A Review of the Literature," Staff Working Papers 04-24, Bank of Canada.
    19. Kick, Thomas & Nehring, Inge & Schertler, Andrea, 2017. "Do all new brooms sweep clean? Evidence for outside bank appointments," Discussion Papers 27/2017, Deutsche Bundesbank.
    20. Boyd, John H. & Heitz, Amanda, 2016. "The social costs and benefits of too-big-to-fail banks: A “bounding” exercise," Journal of Banking & Finance, Elsevier, vol. 68(C), pages 251-265.
    21. Joseph Hughes & Julapa Jagtiani & Loretta Mester & Choon-Geol Moon, 2018. "Does Scale Matter In Community Bank Performance? Evidence Obtained By Applying Several New Measures Of Performance," Departmental Working Papers 201803, Rutgers University, Department of Economics.
    22. Inanoglu, Hulusi & Jacobs, Michael, Jr. & Liu, Junrong & Sickles, Robin, 2015. "Analyzing Bank Efficiency: Are "Too-Big-to-Fail" Banks Efficient?," Working Papers 15-016, Rice University, Department of Economics.
    23. Joseph P. Hughes & Loretta J. Mester, 2016. "The Future of Large, Internationally Active Banks: Does Scale Define the Winners?," World Scientific Book Chapters, in: Asli Demirgüç-Kunt & Douglas D Evanoff & George G Kaufman (ed.), The Future of Large, Internationally Active Banks, chapter 6, pages 77-96, World Scientific Publishing Co. Pte. Ltd..
    24. Williams, Jonathan, 2004. "Determining management behaviour in European banking," Journal of Banking & Finance, Elsevier, vol. 28(10), pages 2427-2460, October.
    25. Ana Lozano-Vivas & Miguel A. Meléndez-Jiménez & Antonio J. Morales, 2016. "Branching Deregulation and Merger Optimality," Manchester School, University of Manchester, vol. 84(2), pages 270-295, March.
    26. Ivan Huljak & Reiner Martin & Diego Moccero, 2021. "Bank productivity in CESEE countries," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/21, pages 83-104.
    27. Charles W. Calomiris & Doron Nissim, 2012. "Crisis-Related Shifts in the Market Valuation of Banking Activities," NBER Working Papers 17868, National Bureau of Economic Research, Inc.
    28. Maryam Hasannasab & Dimitris Margaritis & Christos Staikouras, 2019. "The financial crisis and the shadow price of bank capital," Annals of Operations Research, Springer, vol. 282(1), pages 131-154, November.
    29. Delis, Manthos D. & Hasan, Iftekhar & Tsionas, Efthymios G., 2015. "Firms' risk endogenous to strategic management choices," Bank of Finland Research Discussion Papers 16/2015, Bank of Finland.
    30. Beccalli, Elena & Anolli, Mario & Borello, Giuliana, 2015. "Are European banks too big? evidence on economies of scale," LSE Research Online Documents on Economics 62936, London School of Economics and Political Science, LSE Library.
    31. Mette Asmild & Minyan Zhu, 2012. "Bank efficiency and risk during the financial crisis: Evidence from weight restricted DEA models," MSAP Working Paper Series 03_2012, University of Copenhagen, Department of Food and Resource Economics.
    32. Hughes, Joseph P. & Moon, Choon-Geol, 2022. "How bad is a bad loan? Distinguishing inherent credit risk from inefficient lending (Does the capital market price this difference?)," Journal of Economics and Business, Elsevier, vol. 120(C).
    33. Abedifar, Pejman & Hasan, Iftekhar & Tarazi, Amine, 2016. "Finance-growth nexus and dual-banking systems: Relative importance of Islamic banks," Journal of Economic Behavior & Organization, Elsevier, vol. 132(S), pages 198-215.
    34. Shasha Liu & Robin Sickles, 2021. "The agency problem revisited: a structural analysis of managerial productivity and CEO compensation in large US commercial banks," Empirical Economics, Springer, vol. 60(1), pages 391-418, January.
    35. Sarmiento Paipilla, N.M. & Galán, Jorge E., 2015. "The Influence of Risk-taking on Bank Efficiency : Evidence from Colombia," Other publications TiSEM f7a73cdb-55a2-40d3-936f-7, Tilburg University, School of Economics and Management.
    36. Chen, Yu-Chuan & Chiu, Yung-Ho & Huang, Chin-Wei & Tu, Chien Heng, 2013. "The analysis of bank business performance and market risk—Applying Fuzzy DEA," Economic Modelling, Elsevier, vol. 32(C), pages 225-232.
    37. Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol & Pagano, Michael S., 2003. "Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance," Journal of Banking & Finance, Elsevier, vol. 27(3), pages 417-447, March.
    38. Valverde, Santiago Carbo & Humphrey, David B., 2004. "Predicted and actual costs from individual bank mergers," Journal of Economics and Business, Elsevier, vol. 56(2), pages 137-157.
    39. Ali Mehrabani & Aman Ullah, 2020. "Improved Average Estimation in Seemingly Unrelated Regressions," Econometrics, MDPI, vol. 8(2), pages 1-22, April.
    40. Sandrine Kablan & Ouidad Yousfi, 2017. "Performance of islamic banks across the world: an empirical analysis over the period 2001-2008," Working Papers hal-01527696, HAL.
    41. Uluc Aysun & Raman Khaddaria, 2012. "Bankruptcy resolution capacity and regional economic fluctuations," Working Papers 2012-01, University of Central Florida, Department of Economics.
    42. Leonardo Gambacorta & Adrian Van Rixtel, 2013. "Structural bank regulation initiatives: approaches and implications," BIS Working Papers 412, Bank for International Settlements.
    43. Ta‐Cheng Chang & Yung‐Ho Chiu, 2006. "Affecting Factors On Risk‐Adjusted Efficiency In Taiwan'S Banking Industry," Contemporary Economic Policy, Western Economic Association International, vol. 24(4), pages 634-648, October.
    44. Rubana Mahjabeen, 2010. "On The Provision Of Micro Loans - Microfinance Institutions And Traditional Banks," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 35(1), pages 59-73, March.
    45. Rime, Bertrand & Stiroh, Kevin J., 2003. "The performance of universal banks: Evidence from Switzerland," Journal of Banking & Finance, Elsevier, vol. 27(11), pages 2121-2150, November.
    46. Joseph P. Hughes & Loretta J. Mester, 2018. "The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications," Departmental Working Papers 201805, Rutgers University, Department of Economics.
    47. Galletta, Simona & Mazzù, Sebastiano & Scannella, Enzo, 2021. "Risk committee complexity and liquidity risk in the European banking industry," Journal of Economic Behavior & Organization, Elsevier, vol. 192(C), pages 691-703.
    48. Christopher Marshall & Michael Siegel, 1996. "Value at Risk: Implementing a Risk Measurement Standard," Center for Financial Institutions Working Papers 96-47, Wharton School Center for Financial Institutions, University of Pennsylvania.
    49. Javed I. Ahmed & Christopher Anderson & Rebecca Zarutskie, 2015. "Are the Borrowing Costs of Large Financial Firms Unusual?," Finance and Economics Discussion Series 2015-24, Board of Governors of the Federal Reserve System (U.S.).
    50. Dean F. Amel & Colleen Barnes & Fabio Panetta & Carmelo Salleo, 2003. "Consolidation and Efficiency in the Financial Sector: A Review of the International Evidence," CEIS Research Paper 20, Tor Vergata University, CEIS.
    51. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 2000. "Recovering risky technologies using the almost ideal demand system: an application to U.S. banking," Working Papers 00-5, Federal Reserve Bank of Philadelphia.
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    Cited by:

    1. Charles W. Calomiris & Doron Nissim, 2007. "Activity-Based Valuation of Bank Holding Companies," NBER Working Papers 12918, National Bureau of Economic Research, Inc.
    2. Koutsomanoli-Filippaki, Anastasia & Mamatzakis, Emmanuel, 2009. "Performance and Merton-type default risk of listed banks in the EU: A panel VAR approach," Journal of Banking & Finance, Elsevier, vol. 33(11), pages 2050-2061, November.
    3. Kenneth A. Carow & Edward J. Kane, 2001. "Event-Study Evidence of the Value of Relaxing Longstanding Regulatory Restraints on Banks, 1970-2000," NBER Working Papers 8594, National Bureau of Economic Research, Inc.
    4. Charles W. Calomiris & Doron Nissim, 2012. "Crisis-Related Shifts in the Market Valuation of Banking Activities," NBER Working Papers 17868, National Bureau of Economic Research, Inc.
    5. Thierno Amadou Barry & Santos José O. Dacanay & Laetitia Lepetit & Amine Tarazi, 2008. "Ownership Structure and Bank Efficiency in the asia pacific region," Working Papers hal-00915134, HAL.
    6. Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol & Pagano, Michael S., 2003. "Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance," Journal of Banking & Finance, Elsevier, vol. 27(3), pages 417-447, March.
    7. Christopher Marshall & Michael Siegel, 1996. "Value at Risk: Implementing a Risk Measurement Standard," Center for Financial Institutions Working Papers 96-47, Wharton School Center for Financial Institutions, University of Pennsylvania.
    8. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 2000. "Recovering risky technologies using the almost ideal demand system: an application to U.S. banking," Working Papers 00-5, Federal Reserve Bank of Philadelphia.
    9. Eugenia Mardanugraha & Muliaman D. Hadad, 2005. "EVALUATION OF BANK MERGER IN INDONESIA: Lessons from Parametric Cost Function," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 8(1), pages 117-132, June.
    10. Trevor Fitzpatrick & Kieran McQuinn, 2005. "Labour Cost Efficiency in UK and Irish Credit Institutions," The Economic and Social Review, Economic and Social Studies, vol. 36(1), pages 45-66.
    11. Dairo Estrada & Poldy Osorio, 2004. "Effects Of Financial Capital On Colombian Banking Efficiency," Borradores de Economia 2432, Banco de la Republica.
    12. Lindquist, Kjersti-Gro, 2004. "Banks' buffer capital: how important is risk," Journal of International Money and Finance, Elsevier, vol. 23(3), pages 493-513, April.
    13. Lamberte, Mario B. & Desrochers, Martin, 2002. "Efficiency and Expense Preference in the Philippines' Cooperative Rural Banks," Discussion Papers DP 2002-12, Philippine Institute for Development Studies.
    14. Darren Pain, 2003. "The provisioning experience of the major UK banks: a small panel investigation," Bank of England working papers 177, Bank of England.
    15. Estrella, Arturo, 2001. "Mixing and matching: Prospective financial sector mergers and market valuation," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2367-2392, December.
    16. Kjersti-Gro Lindquist, 2003. "Banks’ buffer capital: How important is risk?," Working Paper 2003/11, Norges Bank.
    17. Akhigbe, Aigbe & McNulty, James E., 2003. "The profit efficiency of small US commercial banks," Journal of Banking & Finance, Elsevier, vol. 27(2), pages 307-325, February.
    18. Huberto M. Ennis & H. S. Malek, 2005. "Bank risk of failure and the too-big-to-fail policy," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 91(Spr), pages 21-44.
    19. Fitzpatrick, Trevor & McQuinn, Kieran, 2004. "Cost Efficiency in UK and Irish Credit Institutions," Research Technical Papers 3/RT/04, Central Bank of Ireland.

  18. Joseph P. Hughes & Choon-Geol Moon & Robert DeYoung, 2000. "Efficient Risk-Taking and Regulatory Covenant Enforcement in a Deregulated Banking Industry," Departmental Working Papers 200007, Rutgers University, Department of Economics.

    Cited by:

    1. Joseph Kwadwo Tuffour & Kenneth Ofori-Boateng & Williams Ohemen, 2020. "Efficiency of Listed Banks Operations and Stock Price Movements," International Journal of Economics and Financial Issues, Econjournals, vol. 10(1), pages 219-227.
    2. Berger,Allen N.,Demirguc-Kunt,Asli, 2021. "Banking Research in the Time of COVID-19," Policy Research Working Paper Series 9782, The World Bank.
    3. Manthos D. Delis & Philip Molyneux & Fotios Pasiouras, 2011. "Regulations and Productivity Growth in Banking: Evidence from Transition Economies," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(4), pages 735-764, June.
    4. Joao Andre Marques Pereira & Richard Saito, 2015. "Coordination of capital buffer and risk profile under supervision of Central Bank," Brazilian Review of Finance, Brazilian Society of Finance, vol. 13(1), pages 74-101.
    5. Manuel Illueca & José Pastor & Emili Tortosa-Ausina, 2009. "The effects of geographic expansion on the productivity of Spanish savings banks," Journal of Productivity Analysis, Springer, vol. 32(2), pages 119-143, October.
    6. Bashkim Nurboja & Marko Košak, 2019. "Cost efficiency and risk as determinants of market share in banking: Evidence from the old and new eu member and candidate countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 37(2), pages 499-525.
    7. Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol & Pagano, Michael S., 2003. "Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance," Journal of Banking & Finance, Elsevier, vol. 27(3), pages 417-447, March.
    8. Joseph P. Hughes & Loretta J. Mester, 2018. "The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications," Departmental Working Papers 201805, Rutgers University, Department of Economics.
    9. Christopher Marshall & Michael Siegel, 1996. "Value at Risk: Implementing a Risk Measurement Standard," Center for Financial Institutions Working Papers 96-47, Wharton School Center for Financial Institutions, University of Pennsylvania.
    10. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 2000. "Recovering risky technologies using the almost ideal demand system: an application to U.S. banking," Working Papers 00-5, Federal Reserve Bank of Philadelphia.
    11. Gabriel Asaftei & Subal Kumbhakar, 2008. "Regulation and efficiency in transition: the case of Romanian banks," Journal of Regulatory Economics, Springer, vol. 33(3), pages 253-282, June.
    12. Joseph P. Hughes & Loretta J. Mester, 2013. "Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications," Departmental Working Papers 201322, Rutgers University, Department of Economics.
    13. Jeitschko, Thomas D. & Jeung, Shin Dong, 2005. "Incentives for risk-taking in banking - A unified approach," Journal of Banking & Finance, Elsevier, vol. 29(3), pages 759-777, March.
    14. Cécile Casteuble & Emmanuelle Nys & Philippe Rous, 2013. "Bank Risk - Return Efficiency and Bond Spread: Is There Evidence of Market Discipline in Europe," Working Papers hal-00916717, HAL.
    15. Joseph P. Hughes & Loretta J. Mester, 2008. "Efficiency in banking: theory, practice, and evidence," Working Papers 08-1, Federal Reserve Bank of Philadelphia.
    16. Li-Gang Liu & Changchun Hua, 2010. "Risk-return Efficiency, Financial Distress Risk, and Bank Financial Strength Ratings," Working Papers id:2944, eSocialSciences.
    17. Giorgia Simion & Elisa Cavezzali & Siva Nathan & Ugo Rigoni, 2020. "Market discipline on bank bond issues through the lens of a new forward‐looking measure of loan quality," European Financial Management, European Financial Management Association, vol. 26(5), pages 1350-1384, November.
    18. Changchun Hua & Li-Gang Liu, 2010. "Risk-return Efficiency, Financial Distress Risk, and Bank Financial Strength Ratings," Finance Working Papers 22756, East Asian Bureau of Economic Research.
    19. Joseph P. Hughes & Loretta J. Mester, 2012. "A Primer on Market Discipline and Governance of Financial Institutions for Those in a State of Shocked Disbelief," Departmental Working Papers 201204, Rutgers University, Department of Economics.
    20. 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.
    21. Delis, Manthos D. & Hasan, Iftekhar & Tsionas, Efthymios G., 2014. "The risk of financial intermediaries," Journal of Banking & Finance, Elsevier, vol. 44(C), pages 1-12.
    22. Delis, Manthos D. & Hasan, Iftekhar & Tsionas, Efthymios G., 2014. "The risk of financial intermediaries," Bank of Finland Research Discussion Papers 18/2014, Bank of Finland.
    23. Joseph P. Hughes, 2013. "The Elusive Scale Economies of the Largest Banks and Their Implications for Global Competitiveness," World Scientific Book Chapters, in: Douglas D Evanoff & Cornelia Holthausen & George G Kaufman & Manfred Kremer (ed.), The Role of Central Banks in Financial Stability How Has It Changed?, chapter 17, pages 327-345, World Scientific Publishing Co. Pte. Ltd..
    24. Ana Lozano-Vivas & Fotios Pasiouras, 2014. "Bank Productivity Change and Off-Balance-Sheet Activities Across Different Levels of Economic Development," Journal of Financial Services Research, Springer;Western Finance Association, vol. 46(3), pages 271-294, December.
    25. Thomas Kick & Esteban Prieto, 2015. "Bank Risk and Competition: Evidence from Regional Banking Markets," Review of Finance, European Finance Association, vol. 19(3), pages 1185-1222.

  19. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are All Scale Economies in Banking Elusive or Illusive: Evidence Obtained by Incorporating Capital Structure and Risk Taking into Models of Bank Production," Center for Financial Institutions Working Papers 00-33, Wharton School Center for Financial Institutions, University of Pennsylvania.

    Cited by:

    1. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 2000. "Recovering risky technologies using the almost ideal demand system: an application to U.S. banking," Working Papers 00-5, Federal Reserve Bank of Philadelphia.
    2. Dairo Estrada & Poldy Osorio, 2004. "Effects Of Financial Capital On Colombian Banking Efficiency," Borradores de Economia 2432, Banco de la Republica.
    3. Darren Pain, 2003. "The provisioning experience of the major UK banks: a small panel investigation," Bank of England working papers 177, Bank of England.
    4. Robert DeYoung & William C. Hunter, 2001. "Deregulation, the Internet, and the competitive viability of large banks and community banks," Working Paper Series WP-01-11, Federal Reserve Bank of Chicago.

  20. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 2000. "Recovering risky technologies using the almost ideal demand system: an application to U.S. banking," Working Papers 00-5, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Allen N. Berger & Loretta J. Mester, 2001. "Explaining the Dramatic Changes in Performance of U.S. Banks: Technological Change, Deregulation and Dynamic Changes in Competition," Center for Financial Institutions Working Papers 01-22, Wharton School Center for Financial Institutions, University of Pennsylvania.
    2. Diego Restrepo-Tobón & Subal Kumbhakar & Kai Sun, 2015. "Obelix vs. Asterix: Size of US commercial banks and its regulatory challenge," Journal of Regulatory Economics, Springer, vol. 48(2), pages 125-168, October.
    3. Robert DeYoung, 2001. "Learning-by-doing, scale efficiencies, and financial performance at Internet-only banks," Working Paper Series WP-01-06, Federal Reserve Bank of Chicago.
    4. Fang, Yiwei & Hasan, Iftekhar & Marton, Katherin, 2011. "Market reforms, legal changes and bank risk-taking: evidence from transition economies," Bank of Finland Research Discussion Papers 7/2011, Bank of Finland.
    5. Hughes, Joseph P. & Mester, Loretta J., 2013. "Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function," Working Papers 13-17, University of Pennsylvania, Wharton School, Weiss Center.
    6. Chiu, Yung-Ho & Chen, Yu-Chuan, 2009. "The analysis of Taiwanese bank efficiency: Incorporating both external environment risk and internal risk," Economic Modelling, Elsevier, vol. 26(2), pages 456-463, March.
    7. Allen N. Berger & Rebecca Demsetz & Philip E. Strahan, 1998. "The consolidation of the financial services industry: causes, consequences, and the implications for the future," Staff Reports 55, Federal Reserve Bank of New York.
    8. Kick, Thomas & Nehring, Inge & Schertler, Andrea, 2017. "Do all new brooms sweep clean? Evidence for outside bank appointments," Discussion Papers 27/2017, Deutsche Bundesbank.
    9. Boyd, John H. & Heitz, Amanda, 2016. "The social costs and benefits of too-big-to-fail banks: A “bounding” exercise," Journal of Banking & Finance, Elsevier, vol. 68(C), pages 251-265.
    10. Joseph P. Hughes & Loretta J. Mester, 2016. "The Future of Large, Internationally Active Banks: Does Scale Define the Winners?," World Scientific Book Chapters, in: Asli Demirgüç-Kunt & Douglas D Evanoff & George G Kaufman (ed.), The Future of Large, Internationally Active Banks, chapter 6, pages 77-96, World Scientific Publishing Co. Pte. Ltd..
    11. Bashkim Nurboja & Marko Košak, 2019. "Cost efficiency and risk as determinants of market share in banking: Evidence from the old and new eu member and candidate countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 37(2), pages 499-525.
    12. Beccalli, Elena & Anolli, Mario & Borello, Giuliana, 2015. "Are European banks too big? evidence on economies of scale," LSE Research Online Documents on Economics 62936, London School of Economics and Political Science, LSE Library.
    13. Akhigbe, Aigbe & McNulty, James E. & Stevenson, Bradley A., 2013. "How does transparency affect bank financial performance?," International Review of Financial Analysis, Elsevier, vol. 29(C), pages 24-30.
    14. Hwang, Dar-Yeh & Wu, Wei-Hsiung, 2007. "Financial system reform in Taiwan," Journal of Asian Economics, Elsevier, vol. 18(1), pages 21-41, February.
    15. Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol & Pagano, Michael S., 2003. "Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance," Journal of Banking & Finance, Elsevier, vol. 27(3), pages 417-447, March.
    16. Ali Mehrabani & Aman Ullah, 2020. "Improved Average Estimation in Seemingly Unrelated Regressions," Econometrics, MDPI, vol. 8(2), pages 1-22, April.
    17. Akhigbe, Aigbe & McNulty, James E. & Stevenson, Bradley A., 2017. "Additional evidence on transparency and bank financial performance," Review of Financial Economics, Elsevier, vol. 32(C), pages 1-6.
    18. Rubana Mahjabeen, 2010. "On The Provision Of Micro Loans - Microfinance Institutions And Traditional Banks," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 35(1), pages 59-73, March.
    19. Joseph P. Hughes & Loretta J. Mester, 2018. "The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications," Departmental Working Papers 201805, Rutgers University, Department of Economics.
    20. Armah, Bernard Kaku Ndarku & Park, Timothy A., 1998. "Agricultural Bank Efficiency And The Role Of Managerial Risk Preferences," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20909, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    21. Allen N. Berger & Loretta J. Mester, 1997. "Inside the black box: what explains differences in the efficiencies of financial institutions?," Working Papers 97-1, Federal Reserve Bank of Philadelphia.
    22. Joseph P. Hughes & Loretta J. Mester, 2013. "Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications," Departmental Working Papers 201322, Rutgers University, Department of Economics.
    23. Christian Castro & Jorge E. Galán, 2019. "Drivers of productivity in the Spanish banking sector: recent evidence," Working Papers 1912, Banco de España.
    24. Banal-Estanol, A. & Ottaviani, M., 2006. "Bank mergers and diversification: implications for competition policy," Working Papers 06/11, Department of Economics, City University London.
    25. Emir Malikov & Diego Restrepo-Tobón & Subal Kumbhakar, 2015. "Estimation of banking technology under credit uncertainty," Empirical Economics, Springer, vol. 49(1), pages 185-211, August.
    26. Mr. Jong-Kun Lee & Mr. Biaggio Bossone, 2002. "In Finance, Size Matters," IMF Working Papers 2002/113, International Monetary Fund.
    27. Joseph P. Hughes & Loretta J. Mester, 2008. "Efficiency in banking: theory, practice, and evidence," Working Papers 08-1, Federal Reserve Bank of Philadelphia.
    28. Lamberte, Mario B. & Desrochers, Martin, 2002. "Efficiency and Expense Preference in the Philippines' Cooperative Rural Banks," Discussion Papers DP 2002-12, Philippine Institute for Development Studies.
    29. Aiello, Francesco & Bonanno, Graziella, 2016. "Bank efficiency and local market conditions. Evidence from Italy," Journal of Economics and Business, Elsevier, vol. 83(C), pages 70-90.
    30. Changchun Hua & Li-Gang Liu, 2010. "Risk-return Efficiency, Financial Distress Risk, and Bank Financial Strength Ratings," Finance Working Papers 22756, East Asian Bureau of Economic Research.
    31. Joseph P. Hughes & Loretta J. Mester, 2012. "A Primer on Market Discipline and Governance of Financial Institutions for Those in a State of Shocked Disbelief," Departmental Working Papers 201204, Rutgers University, Department of Economics.
    32. M. Koetter, 2004. "The Stability of Efficiency Rankings when Risk-Preference are Different," Working Papers 04-08, Utrecht School of Economics.
    33. Aigbe Akhigbe & James E. McNulty & Bradley A. Stevenson, 2017. "Additional evidence on transparency and bank financial performance," Review of Financial Economics, John Wiley & Sons, vol. 32(1), pages 1-6, January.
    34. 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.
    35. Robert DeYoung & William C. Hunter, 2001. "Deregulation, the Internet, and the competitive viability of large banks and community banks," Working Paper Series WP-01-11, Federal Reserve Bank of Chicago.
    36. Akhigbe, Aigbe & McNulty, James E. & Stevenson, Bradley A., 2017. "Does the form of ownership affect firm performance? Evidence from US bank profit efficiency before and during the financial crisis," The Quarterly Review of Economics and Finance, Elsevier, vol. 64(C), pages 120-129.
    37. Diego A. Restrepo-Tobón & Subal C. Kumbhakar & Kai Sun, 2013. "Are U.S. Commercial Banks Too Big?," Documentos de Trabajo de Valor Público 10943, Universidad EAFIT.
    38. Randall Kroszner, 2016. "A Review of Bank Funding Cost Differentials," Journal of Financial Services Research, Springer;Western Finance Association, vol. 49(2), pages 151-174, June.
    39. Delis, Manthos D. & Hasan, Iftekhar & Tsionas, Efthymios G., 2014. "The risk of financial intermediaries," Journal of Banking & Finance, Elsevier, vol. 44(C), pages 1-12.
    40. Delis, Manthos D. & Hasan, Iftekhar & Tsionas, Efthymios G., 2014. "The risk of financial intermediaries," Bank of Finland Research Discussion Papers 18/2014, Bank of Finland.
    41. Joseph P. Hughes, 2013. "The Elusive Scale Economies of the Largest Banks and Their Implications for Global Competitiveness," World Scientific Book Chapters, in: Douglas D Evanoff & Cornelia Holthausen & George G Kaufman & Manfred Kremer (ed.), The Role of Central Banks in Financial Stability How Has It Changed?, chapter 17, pages 327-345, World Scientific Publishing Co. Pte. Ltd..
    42. Akhigbe, Aigbe & Stevenson, Bradley A., 2010. "Profit efficiency in U.S. BHCs: Effects of increasing non-traditional revenue sources," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(2), pages 132-140, May.
    43. W. P. Hogan, 1999. "The Future of Banking: A Survey," The Economic Record, The Economic Society of Australia, vol. 75(4), pages 417-427, December.
    44. Emmanuel Tsiritakis, 2017. "Competition and Efficiency in EU Banking," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(2), pages 3-25, April-Jun.
    45. Bladimir Proaño‐Rivera & José Manuel Feria‐Dominguez, 2024. "Are Ecuadorian banks enough technically efficient for growth? A clinical study," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 2011-2029, April.
    46. Allen N. Berger & Loretta J. Mester, 1999. "What explains the dramatic changes in cost and profit performance of the U.S. banking industry?," Working Papers 99-1, Federal Reserve Bank of Philadelphia.
    47. Allen N. Berger & Astrid A. Dick, 2007. "Entry into Banking Markets and the Early‐Mover Advantage," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(4), pages 775-807, June.
    48. Chiu, Yung-ho & Luo, Zhengying & Chen, Yu-Chuan & Wang, Zebin & Tsai, Min-Pei, 2013. "A comparison of operating performance management between Taiwan banks and foreign banks based on the Meta-Hybrid DEA model," Economic Modelling, Elsevier, vol. 33(C), pages 433-439.
    49. Koetter, Michael & Poghosyan, Tigran, 2008. "The implications of latent technology regimes for competition and efficiency in banking," Discussion Paper Series 2: Banking and Financial Studies 2008,15, Deutsche Bundesbank.
    50. Astrid A. Dick, 2007. "Market Size, Service Quality, and Competition in Banking," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(1), pages 49-81, February.
    51. Loretta J. Mester, 2003. "Applying efficiency measurement techniques to central banks," Working Papers 03-13, Federal Reserve Bank of Philadelphia.

  21. Joseph P. Hughes & William W. Lang & Choon-Geol Moon & Michael S. Pagano, 1999. "Measuring the efficiency of capital allocation in commercial banking," Proceedings 626, Federal Reserve Bank of Chicago.

    Cited by:

    1. Hughes, Joseph P. & Mester, Loretta J., 2013. "Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function," Working Papers 13-17, University of Pennsylvania, Wharton School, Weiss Center.
    2. Joseph P. Hughes & Loretta J. Mester, 2013. "Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications," Departmental Working Papers 201322, Rutgers University, Department of Economics.
    3. Joseph P. Hughes & William W. Lang & Loretta J. Mester, 1998. "The dollars and sense of bank consolidation," Working Papers 98-10, Federal Reserve Bank of Philadelphia.
    4. Greg Caldwell, 2005. "Subordinated Debt and Market Discipline in Canada," Staff Working Papers 05-40, Bank of Canada.
    5. Lang, William W. & Robertson, Douglas D., 2002. "Analysis of proposals for a minimum subordinated debt requirement1," Journal of Economics and Business, Elsevier, vol. 54(1), pages 115-136.
    6. Joseph P. Hughes & Loretta J. Mester, 2012. "A Primer on Market Discipline and Governance of Financial Institutions for Those in a State of Shocked Disbelief," Departmental Working Papers 201204, Rutgers University, Department of Economics.
    7. Flavio Bazzana, 2001. "I modelli interni per la valutazione del rischio di mercato secondo l'approccio del Value at Risk," Alea Tech Reports 011, Department of Computer and Management Sciences, University of Trento, Italy, revised 14 Jun 2008.
    8. Joseph P. Hughes, 2013. "The Elusive Scale Economies of the Largest Banks and Their Implications for Global Competitiveness," World Scientific Book Chapters, in: Douglas D Evanoff & Cornelia Holthausen & George G Kaufman & Manfred Kremer (ed.), The Role of Central Banks in Financial Stability How Has It Changed?, chapter 17, pages 327-345, World Scientific Publishing Co. Pte. Ltd..

  22. Joseph P. Hughes & William W. Lang & Loretta J. Mester, 1998. "The dollars and sense of bank consolidation," Working Papers 98-10, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Joseph P. Hughes & Julapa Jagtiani & Loretta J. Mester, 2016. "Is Bigger Necessarily Better in Community Banking?," Departmental Working Papers 201604, Rutgers University, Department of Economics.
    2. Allen N. Berger & Loretta J. Mester, 2001. "Explaining the Dramatic Changes in Performance of U.S. Banks: Technological Change, Deregulation and Dynamic Changes in Competition," Center for Financial Institutions Working Papers 01-22, Wharton School Center for Financial Institutions, University of Pennsylvania.
    3. Bader, Mohammed Khaled I. & Mohamad, Shamsher & Ariff, Mohamed & Hassan, Taufiq, 2008. "Cost, Revenue, And Profit Efficiency Of Islamic Versus Conventional Banks: International Evidence Using Data Envelopment Analysis," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 15, pages 24-76.
    4. Berger, Allen N. & Öztekin, Özde & Roman, Raluca A., 2023. "Geographic deregulation and bank capital structure," Journal of Banking & Finance, Elsevier, vol. 149(C).
    5. Liang, Yunjia & Zhou, Bo & Zhao, Shaoyang, 2024. "Risking or de-risking? The effect of banking competition on large state-owned banks and small and medium-sized enterprise lending: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 94(C).
    6. Saqib Aziz & Michael Dowling & Jean-Jacques Lilti, 2016. "Bank Acquisitiveness and Financial Crisis Vulnerability," Post-Print halshs-01360952, HAL.
    7. Kohers, Theodor & Huang, Ming-hsiang & Kohers, Ninon, 2000. "Market perception of efficiency in bank holding company mergers: the roles of the DEA and SFA models in capturing merger potential," Review of Financial Economics, Elsevier, vol. 9(2), pages 101-120, December.
    8. Nobuyoshi Yamori & Kozo Harimaya & Kazumine Kondo, 2003. "Are Banks Affiliated with Bank Holding Companies More Efficient Than Independent Banks? The Recent Experience Regarding Japanese Regional BHCs," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 10(4), pages 359-376, December.
    9. Milijana Novovic Buric & Vladimir Kascelan & Sasa Vujosevic, 2015. "Bancassurance Concept From The Perspective Of Montenegrin Market," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 13(2), pages 62-73, November.
    10. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2017. "Measuring agency costs and the value of investment opportunities of US bank holding companies with stochastic frontier estimation," Chapters, in: Jacob A. Bikker & Laura Spierdijk (ed.), Handbook of Competition in Banking and Finance, chapter 11, pages 205-229, Edward Elgar Publishing.
    11. William R. Emmons & R. Alton Gilbert & Timothy J. Yeager, 2001. "The importance of scale economies and geographic diversification in community bank mergers," Working Papers 2001-024, Federal Reserve Bank of St. Louis.
    12. Gary Gorton & Andrew Winton, 2002. "Financial Intermediation," Center for Financial Institutions Working Papers 02-28, Wharton School Center for Financial Institutions, University of Pennsylvania.
    13. Allen N. Berger & Seth D. Bonime & Lawrence G. Goldberg & Lawrence J. White, 1999. "The Dymanics of Market Entry: The Effects of Mergers and Acquisitions on De Novo Entry and Small Business Lending in the Banking Industry," Working Papers 99-13, New York University, Leonard N. Stern School of Business, Department of Economics.
    14. Sufian, Fadzlan & Abdul Majid, Muhamed Zulkhibri, 2007. "Bank Ownership, Characteristics and Performance: A Comparative Analysis of Domestic and Foreign Islamic Banks in Malaysia," MPRA Paper 12131, University Library of Munich, Germany, revised 01 Jun 2007.
    15. Minzhi Wu & Emili Tortosa-Ausina, 2020. "Bank Diversification and Focus in Disruptive Times: China, 2007–2018," Working Papers 2020/21, Economics Department, Universitat Jaume I, Castellón (Spain).
    16. Berger, Allen N. & Clarke, George R.G. & Cull, Robert & Klapper, Leora & Udell, Gregory F., 2005. "Corporate governance and bank performance: A joint analysis of the static, selection, and dynamic effects of domestic, foreign, and state ownership," Journal of Banking & Finance, Elsevier, vol. 29(8-9), pages 2179-2221, August.
    17. Eduardo Levy Yeyati & Alejandro Micco, 2003. "Concentration and Foreign Penetration in Latin American Banking Sectors: Impact on Competition and Risk," Research Department Publications 4353, Inter-American Development Bank, Research Department.
    18. Douglas D. Evanoff & Evren Ors, 2008. "The Competitive Dynamics of Geographic Deregulation in Banking: Implications for Productive Efficiency," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(5), pages 897-928, August.
    19. Allen N. Berger & Rebecca Demsetz & Philip E. Strahan, 1998. "The consolidation of the financial services industry: causes, consequences, and the implications for the future," Staff Reports 55, Federal Reserve Bank of New York.
    20. Allen Berger & Robert DeYoung, 2001. "The Effects of Geographic Expansion on Bank Efficiency," Journal of Financial Services Research, Springer;Western Finance Association, vol. 19(2), pages 163-184, April.
    21. Ly, Kim Cuong & Shimizu, Katsutoshi, 2018. "Funding liquidity risk and internal markets in multi-bank holding companies: Diversification or internalization?," International Review of Financial Analysis, Elsevier, vol. 57(C), pages 77-89.
    22. Yoram Landskroner & David Ruthenberg & David Zaken, 2005. "Diversification and Performance in Banking: The Israeli Case," Journal of Financial Services Research, Springer;Western Finance Association, vol. 27(1), pages 27-49, February.
    23. Carol Ann Northcott, 2004. "Competition in Banking: A Review of the Literature," Staff Working Papers 04-24, Bank of Canada.
    24. Allen N. Berger & Astrid A. Dick & Lawrence G. Goldberg & Lawrence White, 2005. "The Effects of Competition from Large, Multimarket Firms on the Performance of Small, Single-Market Firms: Evidence from the Banking Industry," Working Papers 05-02, New York University, Leonard N. Stern School of Business, Department of Economics.
    25. Subal Kumbhakar & Dan Wang, 2007. "Economic reforms, efficiency and productivity in Chinese banking," Journal of Regulatory Economics, Springer, vol. 32(2), pages 105-129, October.
    26. Cuong, Ly Kim, 2021. "Are financial holding companies' subsidiaries riskier than bank holding companies’ affiliates?," International Review of Economics & Finance, Elsevier, vol. 76(C), pages 1025-1033.
    27. De Jonghe, Olivier & Vennet, Rudi Vander, 2008. "Competition versus efficiency: What drives franchise values in European banking?," Journal of Banking & Finance, Elsevier, vol. 32(9), pages 1820-1835, September.
    28. Joseph Hughes & Julapa Jagtiani & Loretta Mester & Choon-Geol Moon, 2018. "Does Scale Matter In Community Bank Performance? Evidence Obtained By Applying Several New Measures Of Performance," Departmental Working Papers 201803, Rutgers University, Department of Economics.
    29. Allen N. Berger & Astrid A. Dick & Lawrence G. Goldberg & Lawrence J. White, 2007. "Competition from Large, Multimarket Firms and the Performance of Small, Single‐Market Firms: Evidence from the Banking Industry," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2‐3), pages 331-368, March.
    30. Fadzlan Sufian, 2012. "For which option is credit risk more representative on China banks' total factor productivity," China Finance Review International, Emerald Group Publishing Limited, vol. 2(2), pages 180-202, April.
    31. Ly, Kim Cuong & Liu, Hong & Opong, Kwaku, 2017. "Who acquires whom among stand-alone commercial banks and bank holding company affiliates?," International Review of Financial Analysis, Elsevier, vol. 54(C), pages 144-158.
    32. Abid A. Burki & Shabbir Ahmad, 2007. "Corporate Governance Changes in Pakistan’s Banking Sector : Is There a Performance Effect?," Governance Working Papers 22251, East Asian Bureau of Economic Research.
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    107. Deng, Saiying (Esther) & Elyasiani, Elyas & Mao, Connie X., 2007. "Diversification and the cost of debt of bank holding companies," Journal of Banking & Finance, Elsevier, vol. 31(8), pages 2453-2473, August.
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    109. Vo Xuan Vinh, 2018. "M&As in the Process of Banking Consolidation – Preliminary Evidence from Vietnam," Asian Journal of Law and Economics, De Gruyter, vol. 9(2), pages 1-6, August.
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  23. Joseph P. Hughes, 1998. "Measuring efficiency when market prices are subject to adverse selection," Working Papers 98-3, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Joseph P. Hughes & William W. Lang & Loretta J. Mester, 1998. "The dollars and sense of bank consolidation," Working Papers 98-10, Federal Reserve Bank of Philadelphia.

  24. Joseph P. Hughes & Loretta J. Mester, 1997. "Bank capitalization and cost: evidence of scale economies in risk management and signaling," Working Papers 96-2, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Allen N. Berger & Loretta J. Mester, 2001. "Explaining the Dramatic Changes in Performance of U.S. Banks: Technological Change, Deregulation and Dynamic Changes in Competition," Center for Financial Institutions Working Papers 01-22, Wharton School Center for Financial Institutions, University of Pennsylvania.
    2. Michiel van Leuvensteijn & Christoffer Kok Sørensen & Jacob A. Bikker & Adrian van Rixtel, 2008. "Impact of bank competition on the interest rate pass-through in the euro area," Working Papers 0828, Banco de España.
    3. Diego Restrepo-Tobón & Subal Kumbhakar & Kai Sun, 2015. "Obelix vs. Asterix: Size of US commercial banks and its regulatory challenge," Journal of Regulatory Economics, Springer, vol. 48(2), pages 125-168, October.
    4. AMENDOLA, Adalgiso & BARRA, Cristian & BOCCIA, Marinella & PAPACCIO, Anna, 2018. "Market Structure and Financial Stability: Theory and Evidence," CELPE Discussion Papers 156, CELPE - CEnter for Labor and Political Economics, University of Salerno, Italy.
    5. Khanh Ngoc Nguyen, 2019. "Revenue Diversification, Risk and Bank Performance of Vietnamese Commercial Banks," JRFM, MDPI, vol. 12(3), pages 1-21, August.
    6. Gregory McKee & Albert Kagan, 2019. "The differential impact of the Dodd–Frank Act on niche non-metro lenders," Journal of Banking Regulation, Palgrave Macmillan, vol. 20(4), pages 291-301, December.
    7. Carletti, E. & Hartmann, P. & Ongena, S., 2008. "The Economic Impact of Merger Control Legislation," Other publications TiSEM 32141353-cba1-4335-bf6c-0, Tilburg University, School of Economics and Management.
    8. Kassem, Mohammad & EL-Moussaw, Chawki i & Awdeh, Ali, 2014. "Measuring the Cost Efficiency of Banks Operating in the MENA Region," MPRA Paper 119125, University Library of Munich, Germany.
    9. Tai-Hsin Huang & Ying-Ting Liao & Li-Chih Chiang, 2010. "An examination on the cost efficiency of the banking industry under multiple output prices' uncertainty," Applied Economics, Taylor & Francis Journals, vol. 42(9), pages 1169-1182.
    10. Thierno Amadou Barry & Thierno Amine Tarazi & Paul Wachtel, 2016. "Falling under the control of a different type of owner : risk-taking implications for Banks," Working Papers 16-11, New York University, Leonard N. Stern School of Business, Department of Economics.
    11. Mamatzakis, E. & Staikouras, C. & Koutsomanoli-Fillipaki, N., 2005. "Competition and concentration in the banking sector of the South Eastern European region," Emerging Markets Review, Elsevier, vol. 6(2), pages 192-209, June.
    12. Walid Bahloul & Abdelfettah Bouri, 2016. "The Efficiency of the European Non-Life Insurance: CEO Power, Macroeconomic, and Market Characteristics Impact," IJFS, MDPI, vol. 4(1), pages 1-13, March.
    13. Epure, Mircea & Kerstens, Kristiaan & Prior, Diego, 2011. "Technology-based total factor productivity and benchmarking: New proposals and an application," Omega, Elsevier, vol. 39(6), pages 608-619, December.
    14. Hughes, Joseph P. & Mester, Loretta J., 2013. "Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function," Working Papers 13-17, University of Pennsylvania, Wharton School, Weiss Center.
    15. Claudia Curi & Ana Lozano-Vivas & Valentin Zelenyuk, 2014. "Foreign bank diversification and efficiency prior to and during the financial crisis: Does one business model fit all?," BEMPS - Bozen Economics & Management Paper Series BEMPS18, Faculty of Economics and Management at the Free University of Bozen.
    16. Ugo Albertazzi & Leonardo Gambacorta, 2007. "Bank profitability and taxation," Temi di discussione (Economic working papers) 649, Bank of Italy, Economic Research and International Relations Area.
    17. Awdeh, Ali & Hamadi, Hassan, 2011. "How Do Banks Set their Capital?," MPRA Paper 119116, University Library of Munich, Germany.
    18. Sufian, Fadzlan & Abdul Majid, Muhamed Zulkhibri, 2007. "Bank Ownership, Characteristics and Performance: A Comparative Analysis of Domestic and Foreign Islamic Banks in Malaysia," MPRA Paper 12131, University Library of Munich, Germany, revised 01 Jun 2007.
    19. Ekaterina Pirozhkova, 2017. "Banks' balance sheet, uncertainty and macroeconomy," EcoMod2017 10430, EcoMod.
    20. Fabio Di Vittorio & Delong Li & Hanlei Yun, 2018. "On Bank Consolidation in a Currency Union," IMF Working Papers 2018/092, International Monetary Fund.
    21. Eduardo Levy Yeyati & Alejandro Micco, 2003. "Concentration and Foreign Penetration in Latin American Banking Sectors: Impact on Competition and Risk," Research Department Publications 4353, Inter-American Development Bank, Research Department.
    22. Douglas D. Evanoff & Evren Ors, 2008. "The Competitive Dynamics of Geographic Deregulation in Banking: Implications for Productive Efficiency," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(5), pages 897-928, August.
    23. Allen N. Berger & Rebecca Demsetz & Philip E. Strahan, 1998. "The consolidation of the financial services industry: causes, consequences, and the implications for the future," Staff Reports 55, Federal Reserve Bank of New York.
    24. Mark Egan & Stefan Lewellen & Adi Sunderam, 2017. "The Cross Section of Bank Value," NBER Working Papers 23291, National Bureau of Economic Research, Inc.
    25. Haq, Mamiza & Tripe, David & Seth, Rama, 2022. "Do traditional off-balance sheet exposures increase bank risk?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 80(C).
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    166. Alina MANTA & Roxana BADÎRCEA, 2015. "Empirical Study on the Relationship between Efficiency, Capital and Risk into the Banking System of Romania," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(17), pages 58-67, December.
    167. Delis, Manthos D. & Hasan, Iftekhar & Tsionas, Efthymios G., 2014. "The risk of financial intermediaries," Journal of Banking & Finance, Elsevier, vol. 44(C), pages 1-12.
    168. Delis, Manthos D. & Hasan, Iftekhar & Tsionas, Efthymios G., 2014. "The risk of financial intermediaries," Bank of Finland Research Discussion Papers 18/2014, Bank of Finland.
    169. Joseph P. Hughes, 2013. "The Elusive Scale Economies of the Largest Banks and Their Implications for Global Competitiveness," World Scientific Book Chapters, in: Douglas D Evanoff & Cornelia Holthausen & George G Kaufman & Manfred Kremer (ed.), The Role of Central Banks in Financial Stability How Has It Changed?, chapter 17, pages 327-345, World Scientific Publishing Co. Pte. Ltd..
    170. Kevin Stiroh, 2004. "Do Community Banks Benefit from Diversification?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 25(2), pages 135-160, April.
    171. Stiroh, Kevin J., 2000. "How did bank holding companies prosper in the 1990s?," Journal of Banking & Finance, Elsevier, vol. 24(11), pages 1703-1745, November.
    172. Tara Deelchand & Carol Padgett, 2009. "Size and Scale Economies in Japanese Cooperative Banking," ICMA Centre Discussion Papers in Finance icma-dp2009-02, Henley Business School, University of Reading.
    173. Kumar, Pradeep, 2018. "Market power and cost efficiencies in banking," International Journal of Industrial Organization, Elsevier, vol. 57(C), pages 175-223.
    174. Yener Altunbas & Santiago Carbo & Edward P.M. Gardener & Philip Molyneux, 2007. "Examining the Relationships between Capital, Risk and Efficiency in European Banking," European Financial Management, European Financial Management Association, vol. 13(1), pages 49-70, January.
    175. Giuliana Birindelli & Paola Ferretti & Marco Savioli, 2016. "Basel 3: Does One Size Really Fit All Banks' Business Models?," Working Paper series 16-20, Rimini Centre for Economic Analysis.
    176. José García Solanes & Diego Peñarrubia, 2001. "Economic Integration and Banking Mergers Strategies," Working Papers 01-07, Asociación Española de Economía y Finanzas Internacionales.
    177. Trofimov, Ivan D. & Md. Aris, Nazaria & Ying Ying, Jovena Kho, 2018. "Determinants of Commercial Banks' Profitability in Malaysia," MPRA Paper 85598, University Library of Munich, Germany.
    178. Franco Fiordelisi & David Marques & Phil Molyneux, 2009. "Efficiency and Risk-Taking in European Banking," Working Papers 09004, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
    179. Eduardo Levy Yeyati & Alejandro Micco, 2003. "Concentración y penetración foránea en los sectores bancarios latinoamericanos: repercusiones sobre la competencia y el riesgo," Research Department Publications 4354, Inter-American Development Bank, Research Department.
    180. Tsionas, Mike G. & Andrikopoulos, Athanasios, 2020. "On a High-Dimensional Model Representation method based on Copulas," European Journal of Operational Research, Elsevier, vol. 284(3), pages 967-979.
    181. Kevin J. Stiroh, 2000. "Compositional dynamics and the performance of the U.S. banking industry," Staff Reports 98, Federal Reserve Bank of New York.
    182. Bladimir Proaño‐Rivera & José Manuel Feria‐Dominguez, 2024. "Are Ecuadorian banks enough technically efficient for growth? A clinical study," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 2011-2029, April.
    183. Fung, Michael K. & Cheng, Arnold C.S., 2010. "Convergence of total factor productivity among banks: Hong Kong's experience," Global Finance Journal, Elsevier, vol. 21(2), pages 201-210.
    184. James R. Barth & Sunghoon Joo & Kang‐Bok Lee, 2022. "Bank–client cross‐ownership of bank stocks: A network analysis," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(2), pages 280-312, June.
    185. Allen N. Berger & Loretta J. Mester, 1999. "What explains the dramatic changes in cost and profit performance of the U.S. banking industry?," Working Papers 99-1, Federal Reserve Bank of Philadelphia.
    186. Anthony M Santomero & David L. Eckles, 2000. "The Determinants Of Success In the New Financial Services Environment: Now That Firms Can Do Everything, What Should They Do And Why Should Regulators Care?," Center for Financial Institutions Working Papers 00-32, Wharton School Center for Financial Institutions, University of Pennsylvania.
    187. Adalgiso Amendola & Cristian Barra & Marinella Boccia & Anna Papaccio, 2021. "Market Structure and Financial Stability: the Interaction between Profit-Oriented and Mutual Cooperative Banks in Italy," Journal of Financial Services Research, Springer;Western Finance Association, vol. 60(2), pages 235-259, December.
    188. J. Christina Wang, 2003. "Productivity and economies of scale in the production of bank service value added," Working Papers 03-7, Federal Reserve Bank of Boston.
    189. Cristian Barra & Nazzareno Ruggiero, 2022. "Firm innovation and local bank efficiency in Italy: Does the type of bank matter?," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 93(4), pages 1083-1128, December.
    190. Valipour Pasha, Mohammad & Biabani , Jahangir, 2016. "The Effect of Regulatory Policy on Efficiency under Prudential Framework among Listed Iranian Banks," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 11(2), pages 153-171, April.
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    192. Syed Moudud-Ul-Huq, 2019. "Banks’ capital buffers, risk, and efficiency in emerging economies: are they counter-cyclical?," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 9(4), pages 467-492, December.
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  25. Choon-Goel Moon & Joseph P. Hughes, 1997. "Measuring Bank Efficiency When Managers Trade Return for Reduced Risk," Departmental Working Papers 199520, Rutgers University, Department of Economics.

    Cited by:

    1. Selim Mankai & Aymen Belgacem, 2013. "Interactions Between Risk-Taking, Capital, and Reinsurance for Property-Liability Insurance Firms," Working Papers hal-04141190, HAL.
    2. Claudia Curi & Ana Lozano-Vivas & Valentin Zelenyuk, 2014. "Foreign bank diversification and efficiency prior to and during the financial crisis: Does one business model fit all?," BEMPS - Bozen Economics & Management Paper Series BEMPS18, Faculty of Economics and Management at the Free University of Bozen.
    3. Christopher Marshall & Michael Siegel, 1996. "Value at Risk: Implementing a Risk Measurement Standard," Center for Financial Institutions Working Papers 96-47, Wharton School Center for Financial Institutions, University of Pennsylvania.
    4. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 2000. "Recovering risky technologies using the almost ideal demand system: an application to U.S. banking," Working Papers 00-5, Federal Reserve Bank of Philadelphia.
    5. Allen N. Berger & Loretta J. Mester, 1997. "Inside the black box: what explains differences in the efficiencies of financial institutions?," Working Papers 97-1, Federal Reserve Bank of Philadelphia.
    6. Claudia Curi & Paolo Guarda & Ana Lozano-Vivas & Valentin Zelenyuk, 2011. "Is foreign-bank efficiency in financial centers driven by homecountry characteristics?," BCL working papers 68, Central Bank of Luxembourg.
    7. Miguel A. Duran, 2024. "The Risk-Return Relation in the Corporate Loan Market," Papers 2401.12315, arXiv.org.
    8. Joseph P. Hughes & William W. Lang & Loretta J. Mester, 1998. "The dollars and sense of bank consolidation," Working Papers 98-10, Federal Reserve Bank of Philadelphia.
    9. Do Van Anh,, 2022. "Does better capitalization enhance bank efficiency and limit risk taking? Evidence from ASEAN commercial banks," Global Finance Journal, Elsevier, vol. 53(C).
    10. Selim Mankaï & Aymen Belgacem, 2014. "Interactions Between Risk-Taking, Capital, and Reinsurance for Property- Liability Insurance Firms," Working Papers 2014-154, Department of Research, Ipag Business School.
    11. Saeed, Momna & Izzeldin, Marwan & Hassan, M. Kabir & Pappas, Vasileios, 2020. "The inter-temporal relationship between risk, capital and efficiency: The case of Islamic and conventional banks," Pacific-Basin Finance Journal, Elsevier, vol. 62(C).
    12. Claudia Curi & Paolo Guarda & Ana Lozano-Vivas & Valentin Zelenyuk, 2013. "Is foreign-bank efficiency in financial centers driven by home or host country characteristics?," Journal of Productivity Analysis, Springer, vol. 40(3), pages 367-385, December.

  26. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 1996. "Efficient banking under interstate branching," Working Papers 96-9, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Allen N. Berger & Loretta J. Mester, 2001. "Explaining the Dramatic Changes in Performance of U.S. Banks: Technological Change, Deregulation and Dynamic Changes in Competition," Center for Financial Institutions Working Papers 01-22, Wharton School Center for Financial Institutions, University of Pennsylvania.
    2. Diego Restrepo-Tobón & Subal Kumbhakar & Kai Sun, 2015. "Obelix vs. Asterix: Size of US commercial banks and its regulatory challenge," Journal of Regulatory Economics, Springer, vol. 48(2), pages 125-168, October.
    3. Allen N. Berger & David B. Humphrey, 1997. "Efficiency of Financial Institutions: International Survey and Directions for Future Research," Center for Financial Institutions Working Papers 97-05, Wharton School Center for Financial Institutions, University of Pennsylvania.
    4. Berger, Allen N., 2007. "Obstacles to a global banking system: "Old Europe" versus "New Europe"," Journal of Banking & Finance, Elsevier, vol. 31(7), pages 1955-1973, July.
    5. Allen N. Berger & Anthony Saunders & Joseph M. Scalise & Gregory F. Udell, 1997. "The effects of bank mergers and acquisitions on small business lending," Proceedings 549, Federal Reserve Bank of Chicago.
    6. S. Blancard & J.Ph. Boussemart & W. Briec & K. Kerstens, 2006. "Short- and Long-Run Credit Constraints in French Agriculture: A Directional Distance Function Framework Using Expenditure-Constrained Profit Functions," Post-Print hal-00211159, HAL.
    7. Chung, Hsien-Jui & Chen, Chun-Chung & Hsieh, Tsun-Jui, 2007. "First geographic expansion of startup firms: Initial size and entry timing effects," Journal of Business Research, Elsevier, vol. 60(4), pages 388-395, April.
    8. Zamore, Stephen & Beisland, Leif Atle & Mersland, Roy, 2019. "Geographic diversification and credit risk in microfinance," Journal of Banking & Finance, Elsevier, vol. 109(C).
    9. Hadi Ghafoorian & NikIntan Norhan & Mohammed Ndaliman Abubakar & Fazel Mohammadi Nodeh, 2013. "Efficiency Considering Credit Risk in Banking Industry, Using Two-stage DEA," Journal of Social and Development Sciences, AMH International, vol. 4(8), pages 356-360.
    10. Hughes, Joseph P. & Mester, Loretta J., 2013. "Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function," Working Papers 13-17, University of Pennsylvania, Wharton School, Weiss Center.
    11. Joël PETEY, 2004. "Les déterminants du risque d’insolvabilité dans l’industrie bancaire. Une approche en termes de frontière de production," Discussion Papers (REL - Recherches Economiques de Louvain) 2004041, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    12. Allen N. Berger & Seth D. Bonime & Lawrence G. Goldberg & Lawrence J. White, 1999. "The Dymanics of Market Entry: The Effects of Mergers and Acquisitions on De Novo Entry and Small Business Lending in the Banking Industry," Working Papers 99-13, New York University, Leonard N. Stern School of Business, Department of Economics.
    13. Daniel Pérez & Vicente Salas-Fumás & Jesús Saurina, 2005. "Banking integration in Europe," Working Papers 0519, Banco de España.
    14. Sufian, Fadzlan & Abdul Majid, Muhamed Zulkhibri, 2007. "Bank Ownership, Characteristics and Performance: A Comparative Analysis of Domestic and Foreign Islamic Banks in Malaysia," MPRA Paper 12131, University Library of Munich, Germany, revised 01 Jun 2007.
    15. Castellani, Davide & Afonso, Joana Silva, 2021. "Geographic diversification and credit supply in times of trouble: Evidence from microlending," Journal of Business Research, Elsevier, vol. 132(C), pages 848-859.
    16. Manuel Illueca & José Pastor & Emili Tortosa-Ausina, 2009. "The effects of geographic expansion on the productivity of Spanish savings banks," Journal of Productivity Analysis, Springer, vol. 32(2), pages 119-143, October.
    17. Fabio Di Vittorio & Delong Li & Hanlei Yun, 2018. "On Bank Consolidation in a Currency Union," IMF Working Papers 2018/092, International Monetary Fund.
    18. José Manuel Pastor Monsálvez, 1999. "- Credit Risk And Efficiency In The European Banking Systems: A Three-Stage Analysis," Working Papers. Serie EC 1999-18, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    19. Allen N. Berger & Rebecca Demsetz & Philip E. Strahan, 1998. "The consolidation of the financial services industry: causes, consequences, and the implications for the future," Staff Reports 55, Federal Reserve Bank of New York.
    20. Allen Berger & Robert DeYoung, 2001. "The Effects of Geographic Expansion on Bank Efficiency," Journal of Financial Services Research, Springer;Western Finance Association, vol. 19(2), pages 163-184, April.
    21. Giampaolo Gabbi & Alesia Kalbaska & Alessandro Vercelli, 2014. "Factors generating and transmitting the financial crisis: The role of incentives: securitization and contagion," Working papers wpaper56, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    22. Koutsomanoli-Filippaki, Anastasia & Mamatzakis, Emmanuel, 2009. "Performance and Merton-type default risk of listed banks in the EU: A panel VAR approach," Journal of Banking & Finance, Elsevier, vol. 33(11), pages 2050-2061, November.
    23. Mansour, Rana & El Moussawi, Chawki, 2020. "Efficiency, technical progress and productivity of Arab banks: A non-parametric approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 75(C), pages 191-208.
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    28. Jesus, Saurina & Gabriel, Jimenez, 2006. "Credit Cycles, Credit Risk, and Prudential Regulation," MPRA Paper 718, University Library of Munich, Germany.
    29. Allen N. Berger & Astrid A. Dick & Lawrence G. Goldberg & Lawrence J. White, 2007. "Competition from Large, Multimarket Firms and the Performance of Small, Single‐Market Firms: Evidence from the Banking Industry," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(2‐3), pages 331-368, March.
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    31. Fadzlan Sufian, 2012. "For which option is credit risk more representative on China banks' total factor productivity," China Finance Review International, Emerald Group Publishing Limited, vol. 2(2), pages 180-202, April.
    32. Joseph P. Hughes & Loretta J. Mester, 2016. "The Future of Large, Internationally Active Banks: Does Scale Define the Winners?," World Scientific Book Chapters, in: Asli Demirgüç-Kunt & Douglas D Evanoff & George G Kaufman (ed.), The Future of Large, Internationally Active Banks, chapter 6, pages 77-96, World Scientific Publishing Co. Pte. Ltd..
    33. Kenneth A. Carow & Edward J. Kane, 2001. "Event-Study Evidence of the Value of Relaxing Longstanding Regulatory Restraints on Banks, 1970-2000," NBER Working Papers 8594, National Bureau of Economic Research, Inc.
    34. DeYoung, Robert E. & Hughes, Joseph P. & Moon, Choon-Geol, 2001. "Efficient risk-taking and regulatory covenant enforcement in a deregulated banking industry," Journal of Economics and Business, Elsevier, vol. 53(2-3), pages 255-282.
    35. Francisco Pérez García & Javier Quesada Ibañez & Joaquín Maudos Villarroya & José Manuel Pastor Monsálvez, 1999. "- Cost And Profit Efficiency In European Banks," Working Papers. Serie EC 1999-12, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    36. Tai-Hsin Huang & Tong-Liang Kao, 2006. "Joint estimation of technical efficiency and production risk for multi-output banks under a panel data cost frontier model," Journal of Productivity Analysis, Springer, vol. 26(1), pages 87-102, August.
    37. Bashkim Nurboja & Marko Košak, 2019. "Cost efficiency and risk as determinants of market share in banking: Evidence from the old and new eu member and candidate countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 37(2), pages 499-525.
    38. Allen N. Berger & Seth D. Bonime & Lawrence G. Goldberg & Lawrence J. White, 1999. "The dynamics of market entry: the effects of mergers and acquisitions on do novo entry and small business lending in the banking industry," Finance and Economics Discussion Series 1999-41, Board of Governors of the Federal Reserve System (U.S.).
    39. Koutsomanoli-Filippaki, Anastasia & Margaritis, Dimitris & Staikouras, Christos, 2009. "Efficiency and productivity growth in the banking industry of Central and Eastern Europe," Journal of Banking & Finance, Elsevier, vol. 33(3), pages 557-567, March.
    40. Pagano, Michael S., 2022. "How do Equity Investors Assess the Efficiency of Global Financial Institutions?," Finance Research Letters, Elsevier, vol. 49(C).
    41. Beccalli, Elena & Anolli, Mario & Borello, Giuliana, 2015. "Are European banks too big? evidence on economies of scale," LSE Research Online Documents on Economics 62936, London School of Economics and Political Science, LSE Library.
    42. Akhigbe, Aigbe & McNulty, James E. & Stevenson, Bradley A., 2013. "How does transparency affect bank financial performance?," International Review of Financial Analysis, Elsevier, vol. 29(C), pages 24-30.
    43. Hwang, Dar-Yeh & Wu, Wei-Hsiung, 2007. "Financial system reform in Taiwan," Journal of Asian Economics, Elsevier, vol. 18(1), pages 21-41, February.
    44. Luis Mohamed Azzim Gulamhussen & Carlos Pinheiro & Alberto Franco Pozzolo, 2012. "Were multinational banks taking excessive risks before the recent financial crisis?," Working Papers CASMEF 1209, Dipartimento di Economia e Finanza, LUISS Guido Carli.
    45. Schoenmaker, Dirk & Duijm, Patty, 2017. "European Banks Straddling Borders: Risky or Rewarding?," CEPR Discussion Papers 12159, C.E.P.R. Discussion Papers.
    46. Ali Mehrabani & Aman Ullah, 2020. "Improved Average Estimation in Seemingly Unrelated Regressions," Econometrics, MDPI, vol. 8(2), pages 1-22, April.
    47. Loretta J. Mester, 1999. "Banking industry's consolidation: what's a small business to do?," Business Review, Federal Reserve Bank of Philadelphia, issue Jan, pages 3-16.
    48. Michiru Sawada & Tetsuji Okazaki, 2004. "Effects of Bank Consolidation Promotion Policy: Evaluating the Bank Law in 1927 Japan," CIRJE F-Series CIRJE-F-307, CIRJE, Faculty of Economics, University of Tokyo.
    49. Gual, Jordi, 1999. "Deregulation, integration and market structure in European banking," IESE Research Papers D/397, IESE Business School.
    50. DeYoung, Robert & Hasan, Iftekhar & Kirchhoff, Bruce, 1998. "The Impact of Out-of-State Entry on the Cost Efficiency of Local Commercial Banks," Journal of Economics and Business, Elsevier, vol. 50(2), pages 191-203, March.
    51. Hughes, Joseph P. & Mester, Loretta J. & Moon, Choon-Geol, 2001. "Are scale economies in banking elusive or illusive?: Evidence obtained by incorporating capital structure and risk-taking into models of bank production," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2169-2208, December.
    52. Jalal D. Akhavein & Allen N. Berger & David B. Humphrey, 1996. "The Effects of Megamergers on Efficiency and Prices: Evidence from a Bank Profit Function," Center for Financial Institutions Working Papers 96-03, Wharton School Center for Financial Institutions, University of Pennsylvania.
    53. Akhigbe, Aigbe & McNulty, James E. & Stevenson, Bradley A., 2017. "Additional evidence on transparency and bank financial performance," Review of Financial Economics, Elsevier, vol. 32(C), pages 1-6.
    54. Subal C. Kumbhakar & Ana Lozano-Vivas & C. A. Knox Lovell & Iftekhar Hasan, 1999. "The Effects of Deregulation on the Performance of Financial Institutions: The Case of Spanish Savings Banks," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-064, New York University, Leonard N. Stern School of Business-.
    55. Berger, Allen N. & DeYoung, Robert, 2006. "Technological Progress and the Geographic Expansion of the Banking Industry," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(6), pages 1483-1513, September.
    56. Ihsan Isik & M. Kabir Hassan, 2003. "Efficiency, Ownership and Market Structure, Corporate Control and Governance in the Turkish Banking Industry," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 30(9‐10), pages 1363-1421, December.
    57. Carvallo, Oscar & Kasman, Adnan, 2005. "Cost efficiency in the Latin American and Caribbean banking systems," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 15(1), pages 55-72, January.
    58. Joseph P. Hughes & Loretta J. Mester, 2018. "The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications," Departmental Working Papers 201805, Rutgers University, Department of Economics.
    59. Onorato, Grazia & Pampurini, Francesca & Quaranta, Anna Grazia, 2024. "Lending activity efficiency. A comparison between fintech firms and the banking sector," Research in International Business and Finance, Elsevier, vol. 68(C).
    60. De Jonghe, O.G. & Disli, M. & Schoors, K., 2011. "Corporate Governance, Opaque Bank Activities, and Risk/Return Efficiency : Pre- and Post-Crisis Evidence from Turkey," Discussion Paper 2011-129, Tilburg University, Center for Economic Research.
    61. Christopher Marshall & Michael Siegel, 1996. "Value at Risk: Implementing a Risk Measurement Standard," Center for Financial Institutions Working Papers 96-47, Wharton School Center for Financial Institutions, University of Pennsylvania.
    62. Gual, Jordi, 1999. "Deregulation, Integration, and Market Structure in European Banking," Journal of the Japanese and International Economies, Elsevier, vol. 13(4), pages 372-396, December.
    63. Anastasia Koutsomanoli-Filippaki & Dimitris Margaritis & Christos Staikouras, 2012. "Profit efficiency in the European Union banking industry: a directional technology distance function approach," Journal of Productivity Analysis, Springer, vol. 37(3), pages 277-293, June.
    64. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are Scale Economies in Banking Elusive or Illusive?," Departmental Working Papers 200004, Rutgers University, Department of Economics.
    65. Wang, William Senyu, 2022. "Does subsidiary bank failure affect parents’ capital decisions? Evidence from US bank holding companies," Journal of Empirical Finance, Elsevier, vol. 69(C), pages 208-223.
    66. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 2000. "Recovering risky technologies using the almost ideal demand system: an application to U.S. banking," Working Papers 00-5, Federal Reserve Bank of Philadelphia.
    67. Joseph P. Hughes & William W. Lang & Choon-Geol Moon & Michael S. Pagano, 2004. "Managerial Incentives and the Efficiency of Capital Structure in U.S. Commercial Banking," Departmental Working Papers 200401, Rutgers University, Department of Economics.
    68. Allen N. Berger & Loretta J. Mester, 1997. "Inside the black box: what explains differences in the efficiencies of financial institutions?," Working Papers 97-1, Federal Reserve Bank of Philadelphia.
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    70. J. C. Reboredo, 2004. "A note on efficiency and solvency in banking," Applied Economics Letters, Taylor & Francis Journals, vol. 11(3), pages 183-185.
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    72. Sabri Boubaker & Duc Trung Do & Helmi Hammami & Kim Cuong Ly, 2022. "The role of bank affiliation in bank efficiency: a fuzzy multi-objective data envelopment analysis approach," Post-Print hal-03699984, HAL.
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    75. Joseph P. Hughes & William W. Lang & Choon-Geol Moon & Michael S. Pagano, 1998. "Measuring the efficiency of capital allocation in commercial banking," Working Papers 98-2, Federal Reserve Bank of Philadelphia.
    76. Daniel Pérez & Vicente Salas-Fumás & Jesús Saurina, 2006. "Earnings and capital management in alternative loan loss provision regulatory regimes," Working Papers 0614, Banco de España.
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    88. Elena Carletti & Philipp Hartmann & Giancarlo Spagnolo, 2007. "Bank Mergers, Competition, and Liquidity," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(5), pages 1067-1105, August.
    89. Loretta J. Mester, 1996. "Measuring efficiency at U.S. banks: accounting for heterogeneity is important," Working Papers 96-11, Federal Reserve Bank of Philadelphia.
    90. Joseph P. Hughes & William W. Lang & Loretta J. Mester, 1998. "The dollars and sense of bank consolidation," Working Papers 98-10, Federal Reserve Bank of Philadelphia.
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    95. Joseph P. Hughes & Loretta J. Mester, 2008. "Efficiency in banking: theory, practice, and evidence," Working Papers 08-1, Federal Reserve Bank of Philadelphia.
    96. Raykov, Radoslav & Silva-Buston, Consuelo, 2020. "Holding company affiliation and bank stability: Evidence from the US banking sector," Journal of Corporate Finance, Elsevier, vol. 65(C).
    97. Sarmiento, Miguel & Galán, Jorge E., 2014. "Heterogeneous effects of risk-taking on bank efficiency : a stochastic frontier model with random coefficients," DES - Working Papers. Statistics and Econometrics. WS ws142013, Universidad Carlos III de Madrid. Departamento de Estadística.
    98. Jiménez, Gabriel & Lopez, Jose A. & Saurina, Jesús, 2013. "How does competition affect bank risk-taking?," Journal of Financial Stability, Elsevier, vol. 9(2), pages 185-195.
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    106. Aigbe Akhigbe & James E. McNulty & Bradley A. Stevenson, 2017. "Additional evidence on transparency and bank financial performance," Review of Financial Economics, John Wiley & Sons, vol. 32(1), pages 1-6, January.
    107. Joseph P. Hughes & Choon-Geol Moon & William W. Lang & Michael S. Pagano, 2001. "Managerial Incentives and the Efficiency of Capital Structure," Departmental Working Papers 200102, Rutgers University, Department of Economics.
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    109. Minetti, Raoul & Herrera, Ana Maria & Schaffer, Matthew, 2021. "Financial Liberalization, Credit Market Dynamism, and Allocative Efficiency," Working Papers 2021-4, Michigan State University, Department of Economics.
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    112. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are All Scale Economies in Banking Elusive or Illusive: Evidence Obtained by Incorporating Capital Structure and Risk Taking into Models of Bank Production," Center for Financial Institutions Working Papers 00-33, Wharton School Center for Financial Institutions, University of Pennsylvania.
    113. Estrella, Arturo, 2001. "Mixing and matching: Prospective financial sector mergers and market valuation," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2367-2392, December.
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    115. Robert DeYoung & William C. Hunter, 2001. "Deregulation, the Internet, and the competitive viability of large banks and community banks," Working Paper Series WP-01-11, Federal Reserve Bank of Chicago.
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    118. Salas, Vicente & Saurina, Jesus, 2003. "Deregulation, market power and risk behaviour in Spanish banks," European Economic Review, Elsevier, vol. 47(6), pages 1061-1075, December.
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    122. Randall Kroszner, 2016. "A Review of Bank Funding Cost Differentials," Journal of Financial Services Research, Springer;Western Finance Association, vol. 49(2), pages 151-174, June.
    123. Isik, Ihsan & Kabir Hassan, M., 2003. "Financial deregulation and total factor productivity change: An empirical study of Turkish commercial banks," Journal of Banking & Finance, Elsevier, vol. 27(8), pages 1455-1485, August.
    124. Xavier Vives, 2001. "Restructuring Financial Regulation in the European Monetary Union," Journal of Financial Services Research, Springer;Western Finance Association, vol. 19(1), pages 57-82, February.
    125. Francesca Pampurini & Anna Grazia Quaranta, 2018. "Sustainability and Efficiency of the European Banking Market after the Global Crisis: The Impact of Some Strategic Choices," Sustainability, MDPI, vol. 10(7), pages 1-16, June.
    126. Gerard T. Olson & Michael S. Pagano, 2005. "A New Application of Sustainable Growth: A Multi‐Dimensional Framework for Evaluating the Long Run Performance of Bank Mergers," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 32(9‐10), pages 1995-2036, November.
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    135. Tai-Hsin Huang, 2000. "Estimating X-Efficiency in Taiwanese Banking Using a Translog Shadow Profit Function," Journal of Productivity Analysis, Springer, vol. 14(3), pages 225-245, November.
    136. Emmanuel Tsiritakis, 2017. "Competition and Efficiency in EU Banking," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(2), pages 3-25, April-Jun.
    137. Brewer, Elijah & Deshmukh, Sanjay & Opiela, Timothy P., 2014. "Interest-rate uncertainty, derivatives usage, and loan growth in bank holding companies," Journal of Financial Stability, Elsevier, vol. 15(C), pages 230-240.
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    139. Bladimir Proaño‐Rivera & José Manuel Feria‐Dominguez, 2024. "Are Ecuadorian banks enough technically efficient for growth? A clinical study," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 29(2), pages 2011-2029, April.
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    142. Koutsomanoli-Filippaki, Anastasia & Mamatzakis, Emmanuel C., 2010. "Estimating the speed of adjustment of European banking efficiency under a quadratic loss function," Economic Modelling, Elsevier, vol. 27(1), pages 1-11, January.
    143. J. Christina Wang, 2003. "Productivity and economies of scale in the production of bank service value added," Working Papers 03-7, Federal Reserve Bank of Boston.
    144. Loretta J. Mester, 2003. "Applying efficiency measurement techniques to central banks," Working Papers 03-13, Federal Reserve Bank of Philadelphia.
    145. Mamatzakis, E & Koutsomanoli, A, 2009. "European Banking Integration under a Quadratic Loss Function," MPRA Paper 19379, University Library of Munich, Germany.

  27. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 1996. "Safety in numbers? Geographic diversification and bank insolvency risk," Proceedings 504, Federal Reserve Bank of Chicago.

    Cited by:

    1. Zamore, Stephen & Beisland, Leif Atle & Mersland, Roy, 2019. "Geographic diversification and credit risk in microfinance," Journal of Banking & Finance, Elsevier, vol. 109(C).
    2. Castellani, Davide & Afonso, Joana Silva, 2021. "Geographic diversification and credit supply in times of trouble: Evidence from microlending," Journal of Business Research, Elsevier, vol. 132(C), pages 848-859.
    3. Evelyn Hayden & Daniel Porath & Natalja Westernhagen, 2007. "Does Diversification Improve the Performance of German Banks? Evidence from Individual Bank Loan Portfolios," Journal of Financial Services Research, Springer;Western Finance Association, vol. 32(3), pages 123-140, December.
    4. Francisco Pérez García & Javier Quesada Ibañez & Joaquín Maudos Villarroya & José Manuel Pastor Monsálvez, 1999. "- Cost And Profit Efficiency In European Banks," Working Papers. Serie EC 1999-12, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    5. Akhigbe, Aigbe & McNulty, James E. & Stevenson, Bradley A., 2013. "How does transparency affect bank financial performance?," International Review of Financial Analysis, Elsevier, vol. 29(C), pages 24-30.
    6. Barra, Cristian & Destefanis, Sergio & Lubrano Lavadera, Giuseppe, 2016. "Risk and regulation: A difference-in-differences analysis for Italian local banks," Finance Research Letters, Elsevier, vol. 17(C), pages 25-32.
    7. Enzo Dia, 2004. "The bank’s risk insurance and the EMU," Working Papers 72, University of Milano-Bicocca, Department of Economics, revised May 2004.
    8. Allen N. Berger & Loretta J. Mester, 1997. "Inside the black box: what explains differences in the efficiencies of financial institutions?," Working Papers 97-1, Federal Reserve Bank of Philadelphia.
    9. Mitchell Berlin & Loretta J. Mester, 1997. "On the Profitability and Cost of Relationship Lending," Center for Financial Institutions Working Papers 97-43, Wharton School Center for Financial Institutions, University of Pennsylvania.
    10. Enzo Dia, 2002. "A Reconciliation of the Evidence about Bank Lending with Portfolio Theory," Working Papers 56, University of Milano-Bicocca, Department of Economics, revised Sep 2002.
    11. Viral V. Acharya & Iftekhar Hasan & Anthony Saunders, 2002. "The effects of focus and diversification on bank risk and return: evidence from individual bank loan portfolios," Proceedings 905, Federal Reserve Bank of Chicago.
    12. Rossi, Stefania P.S. & Schwaiger, Markus S. & Winkler, Gerhard, 2009. "How loan portfolio diversification affects risk, efficiency and capitalization: A managerial behavior model for Austrian banks," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2218-2226, December.
    13. James W. Kolari & Charles C. Ou & G. Hwan Shin, 2006. "Assessing the Profitability and Riskiness of Small Business Lenders in the Banking Industry," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 11(2), pages 1-26, Summer.
    14. Aigbe Akhigbe & James E. McNulty & Bradley A. Stevenson, 2017. "Additional evidence on transparency and bank financial performance," Review of Financial Economics, John Wiley & Sons, vol. 32(1), pages 1-6, January.
    15. John S. Jordan, 1998. "Problem loans at New England banks, 1989 to 1992: evidence of aggressive loan policies," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 23-38.
    16. Sarah Sanya & Simon Wolfe, 2011. "Can Banks in Emerging Economies Benefit from Revenue Diversification?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 40(1), pages 79-101, October.
    17. Akhigbe, Aigbe & McNulty, James E. & Stevenson, Bradley A., 2017. "Does the form of ownership affect firm performance? Evidence from US bank profit efficiency before and during the financial crisis," The Quarterly Review of Economics and Finance, Elsevier, vol. 64(C), pages 120-129.
    18. Cristian Barra & Sergio Destefanis & Giuseppe Lubrano Lavadera, 2013. "Regulation and the Crisis: The Efficiency of Italian Cooperative Banks," CSEF Working Papers 338, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
    19. Kalluru Siva Reddy, 2021. "Are Banks in India Diversified Enough, Geographically, Across States and Economic Sectors?," Review of Development and Change, , vol. 26(1), pages 83-103, June.
    20. Haykel Zouaoui & Faten Zoghlami, 2023. "What do we know about the impact of income diversification on bank performance? A systematic literature review," Journal of Banking Regulation, Palgrave Macmillan, vol. 24(3), pages 286-309, September.
    21. Sissy, Aisha Mohammed & Amidu, Mohammed & Abor, Joshua Yindenaba, 2017. "The effects of revenue diversification and cross border banking on risk and return of banks in Africa," Research in International Business and Finance, Elsevier, vol. 40(C), pages 1-18.
    22. Akhigbe, Aigbe & Stevenson, Bradley A., 2010. "Profit efficiency in U.S. BHCs: Effects of increasing non-traditional revenue sources," The Quarterly Review of Economics and Finance, Elsevier, vol. 50(2), pages 132-140, May.

  28. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 1995. "Recovering banking technologies when managers are not risk-neutral," Proceedings 464, Federal Reserve Bank of Chicago.

    Cited by:

    1. Levent Kutlu & Shasha Liu & Robin C. Sickles, 2022. "Cost, Revenue, and Profit Function Estimates," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 16, pages 641-679, Springer.
    2. Altunbas, Y. & Gardener, E. P. M. & Molyneux, P. & Moore, B., 2001. "Efficiency in European banking," European Economic Review, Elsevier, vol. 45(10), pages 1931-1955, December.
    3. Altunbas, Yener & Liu, Ming-Hau & Molyneux, Philip & Seth, Rama, 2000. "Efficiency and risk in Japanese banking," Journal of Banking & Finance, Elsevier, vol. 24(10), pages 1605-1628, October.

  29. Joseph P. Hughes & William W. Lang & Loretta J. Mester, 1995. "Recovering technologies that account for generalized managerial preferences: an application to non-risk neutral banks," Working Papers 95-8, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Faisal Abbas & Zahid Irshad Younas, 2021. "How Do Bank Capital and Capital Buffer Affect Risk: Empirical Evidence from Large US Commercial Banks," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 10(2), pages 109-131.
    2. Steven Ongena, 1999. "Lending Relationships, Bank Default and Economic Activity," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 6(2), pages 257-280.
    3. Joël PETEY, 2004. "Les déterminants du risque d’insolvabilité dans l’industrie bancaire. Une approche en termes de frontière de production," Discussion Papers (REL - Recherches Economiques de Louvain) 2004041, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    4. DeYoung, Robert E. & Hughes, Joseph P. & Moon, Choon-Geol, 2001. "Efficient risk-taking and regulatory covenant enforcement in a deregulated banking industry," Journal of Economics and Business, Elsevier, vol. 53(2-3), pages 255-282.
    5. Hughes, Joseph P. & Mester, Loretta J. & Moon, Choon-Geol, 2001. "Are scale economies in banking elusive or illusive?: Evidence obtained by incorporating capital structure and risk-taking into models of bank production," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2169-2208, December.
    6. Subal C. Kumbhakar & Ana Lozano-Vivas & C. A. Knox Lovell & Iftekhar Hasan, 1999. "The Effects of Deregulation on the Performance of Financial Institutions: The Case of Spanish Savings Banks," New York University, Leonard N. Stern School Finance Department Working Paper Seires 99-064, New York University, Leonard N. Stern School of Business-.
    7. Buch, Claudia M., 1995. "The emerging financial systems of the Eastern European economics: A progress report," Kiel Working Papers 716, Kiel Institute for the World Economy (IfW Kiel).
    8. Christopher Marshall & Michael Siegel, 1996. "Value at Risk: Implementing a Risk Measurement Standard," Center for Financial Institutions Working Papers 96-47, Wharton School Center for Financial Institutions, University of Pennsylvania.
    9. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are Scale Economies in Banking Elusive or Illusive?," Departmental Working Papers 200004, Rutgers University, Department of Economics.
    10. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 2000. "Recovering risky technologies using the almost ideal demand system: an application to U.S. banking," Working Papers 00-5, Federal Reserve Bank of Philadelphia.
    11. Allen N. Berger & Loretta J. Mester, 1997. "Inside the black box: what explains differences in the efficiencies of financial institutions?," Working Papers 97-1, Federal Reserve Bank of Philadelphia.
    12. Simon Kwan & Robert A. Eisenbeis, 1995. "Bank Risk, Capitalization and Inefficiency," Center for Financial Institutions Working Papers 96-35, Wharton School Center for Financial Institutions, University of Pennsylvania.
    13. Miguel A. Duran, 2024. "The Risk-Return Relation in the Corporate Loan Market," Papers 2401.12315, arXiv.org.
    14. Manlagñit, Maria Chelo V., 2011. "Cost efficiency, determinants, and risk preferences in banking: A case of stochastic frontier analysis in the Philippines," Journal of Asian Economics, Elsevier, vol. 22(1), pages 23-35, February.
    15. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 1996. "Safety in numbers? Geographic diversification and bank insolvency risk," Working Papers 96-14, Federal Reserve Bank of Philadelphia.
    16. Subal kumbhakar & Ana Lozano-Vivas, 2005. "Deregulation and Productivity: The Case of Spanish Banks," Journal of Regulatory Economics, Springer, vol. 27(3), pages 331-351, January.
    17. Loretta J. Mester, 1996. "Measuring efficiency at U.S. banks: accounting for heterogeneity is important," Working Papers 96-11, Federal Reserve Bank of Philadelphia.
    18. Joseph P. Hughes & William W. Lang & Loretta J. Mester, 1998. "The dollars and sense of bank consolidation," Working Papers 98-10, Federal Reserve Bank of Philadelphia.
    19. Joseph P. Hughes, 1998. "Measuring efficiency when market prices are subject to adverse selection," Working Papers 98-3, Federal Reserve Bank of Philadelphia.
    20. Stanton, Kenneth R., 2002. "Trends in relationship lending and factors affecting relationship lending efficiency," Journal of Banking & Finance, Elsevier, vol. 26(1), pages 127-152, January.
    21. Li-Gang Liu & Changchun Hua, 2010. "Risk-return Efficiency, Financial Distress Risk, and Bank Financial Strength Ratings," Working Papers id:2944, eSocialSciences.
    22. Changchun Hua & Li-Gang Liu, 2010. "Risk-return Efficiency, Financial Distress Risk, and Bank Financial Strength Ratings," Finance Working Papers 22756, East Asian Bureau of Economic Research.
    23. Ding, Dong & Sickles, Robin C., 2018. "Frontier Efficiency, Capital Structure, and Portfolio Risk: An Empirical Analysis of U.S. Banks," Working Papers 18-005, Rice University, Department of Economics.
    24. John S. Jordan, 1998. "Problem loans at New England banks, 1989 to 1992: evidence of aggressive loan policies," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 23-38.
    25. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are All Scale Economies in Banking Elusive or Illusive: Evidence Obtained by Incorporating Capital Structure and Risk Taking into Models of Bank Production," Center for Financial Institutions Working Papers 00-33, Wharton School Center for Financial Institutions, University of Pennsylvania.
    26. Ding, Dong & Sickles, Robin C., 2018. "Capital Regulation, Efficiency, and Risk Taking: A Spatial Panel Analysis of U.S. Banks," Working Papers 18-004, Rice University, Department of Economics.
    27. Laxmi Koju & Ram Koju & Shouyang Wang, 2018. "Does Banking Management Affect Credit Risk? Evidence from the Indian Banking System," IJFS, MDPI, vol. 6(3), pages 1-11, July.

  30. Joseph P. Hughes & Loretta J. Mester, 1994. "Evidence on the objectives of bank managers," Proceedings 46, Federal Reserve Bank of Chicago.

    Cited by:

    1. Delis, Manthos D. & Karavias, Yiannis, 2015. "Optimal versus realized bank credit risk and monetary policy," Journal of Financial Stability, Elsevier, vol. 16(C), pages 13-30.
    2. Wahyoe Soedarmono & Philippe Rous & Amine Tarazi, 2011. "Bank Capital and Self-Interested Managers: Evidence from Indonesia," Working Papers hal-00918584, HAL.
    3. Antonio Lopes & Luca Giordano, 2006. "Risk Preference and Investments Quality as Determinants of Efficiency in the Italian Banking System," Quaderni DSEMS 12-2006, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia.
    4. Li-Gang Liu & Changchun Hua, 2010. "Risk-return Efficiency, Financial Distress Risk, and Bank Financial Strength Ratings," Working Papers id:2944, eSocialSciences.
    5. Changchun Hua & Li-Gang Liu, 2010. "Risk-return Efficiency, Financial Distress Risk, and Bank Financial Strength Ratings," Finance Working Papers 22756, East Asian Bureau of Economic Research.
    6. Bris, Arturo & Cantale, Salvatore, 2004. "Bank capital requirements and managerial self-interest," The Quarterly Review of Economics and Finance, Elsevier, vol. 44(1), pages 77-101, February.
    7. Mamduh Hanafi & Fitri Santi & Muazaroh, 2013. "The Impact of Ownership Concentration, Commissioners on Bank Risk and Profitability: Evidence from Indonesia," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 3(2), pages 183-202, December.

  31. Joseph P. Hughes & Loretta J. Mester, 1994. "Bank managers' objectives," Working Papers 94-8, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Pamela P. Peterson & Larry D. Wall, 1998. "The choice of capital instruments," Economic Review, Federal Reserve Bank of Atlanta, vol. 83(Q 2), pages 4-17.
    2. Delis, Manthos D. & Karavias, Yiannis, 2015. "Optimal versus realized bank credit risk and monetary policy," Journal of Financial Stability, Elsevier, vol. 16(C), pages 13-30.
    3. Antonio Lopes & Luca Giordano, 2006. "Risk Preference and Investments Quality as Determinants of Efficiency in the Italian Banking System," Quaderni DSEMS 12-2006, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia.
    4. Mester, Loretta J., 1996. "A study of bank efficiency taking into account risk-preferences," Journal of Banking & Finance, Elsevier, vol. 20(6), pages 1025-1045, July.
    5. Brewer III, Elijah & Jackson III, William E., 2006. "A note on the "risk-adjusted" price-concentration relationship in banking," Journal of Banking & Finance, Elsevier, vol. 30(3), pages 1041-1054, March.
    6. Bris, Arturo & Cantale, Salvatore, 2004. "Bank capital requirements and managerial self-interest," The Quarterly Review of Economics and Finance, Elsevier, vol. 44(1), pages 77-101, February.

  32. Joseph P. Hughes & Loretta J. Mester, 1993. "Accounting for the demand for financial capital and risk-taking in bank cost functions," Working Papers 93-17, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Ivan Huljak & Reiner Martin & Diego Moccero, 2021. "Bank productivity in CESEE countries," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q2/21, pages 83-104.
    2. Dairo Estrada, 2005. "Efectos De Las Fusiones Sobre El Mercado Financiero Colombiano," Borradores de Economia 2424, Banco de la Republica.
    3. Dairo Estrada & Poldy Osorio, 2004. "Effects Of Financial Capital On Colombian Banking Efficiency," Borradores de Economia 2432, Banco de la Republica.
    4. Nurboja, Bashkim & Košak, Marko, 2017. "Banking efficiency in South East Europe: Evidence for financial crises and the gap between new EU members and candidate countries," Economic Systems, Elsevier, vol. 41(1), pages 122-138.
    5. Ivan Huljak & Reiner Martin & Diego Moccero, 2022. "The productivity growth of euro area banks," Journal of Productivity Analysis, Springer, vol. 58(1), pages 15-33, August.
    6. Moch, Nils, 2013. "Competition in fragmented markets: New evidence from the German banking industry in the light of the subprime crisis," Journal of Banking & Finance, Elsevier, vol. 37(8), pages 2908-2919.
    7. Miguel Boucinha & Nuno Ribeiro & Thomas Weyman-Jones, 2013. "An assessment of Portuguese banks’ efficiency and productivity towards euro area participation," Journal of Productivity Analysis, Springer, vol. 39(2), pages 177-190, April.
    8. Huljak, Ivan & Martin, Reiner & Moccero, Diego, 2019. "The cost-efficiency and productivity growth of euro area banks," Working Paper Series 2305, European Central Bank.

  33. Joseph P. Hughes & Loretta J. Mester, 1991. "A quality and risk-adjusted cost function for banks: evidence on the \" too-big-to-fail\" doctrine," Working Papers 91-21, Federal Reserve Bank of Philadelphia.

    Cited by:

    1. Allen N. Berger & Loretta J. Mester, 2001. "Explaining the Dramatic Changes in Performance of U.S. Banks: Technological Change, Deregulation and Dynamic Changes in Competition," Center for Financial Institutions Working Papers 01-22, Wharton School Center for Financial Institutions, University of Pennsylvania.
    2. Joshua Aizenman & Stephen J. Turnovsky, 1999. "Reserve Requirements on Sovereign Debt in the Presence of Moral Hazard -- on Debtors or Creditors?," NBER Working Papers 7004, National Bureau of Economic Research, Inc.
    3. Loretta J. Mester, "undated". "Efficiency of Banks in the Third Federal Reserve District," Rodney L. White Center for Financial Research Working Papers 2-94, Wharton School Rodney L. White Center for Financial Research.
    4. González Bravo, M. Isabel & Mariaca Daza, René, 2010. "Fracaso de bancos comerciales. Un estudio de eficiencia y productividad," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 13, pages 137-162.
    5. Allen N. Berger & Robert DeYoung, 1995. "Problem Loans and Cost Efficiency in Commercial Banks," Center for Financial Institutions Working Papers 96-01, Wharton School Center for Financial Institutions, University of Pennsylvania.
    6. José Manuel Pastor Monsálvez, 1999. "- Credit Risk And Efficiency In The European Banking Systems: A Three-Stage Analysis," Working Papers. Serie EC 1999-18, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    7. Joseph Hughes & Loretta Mester, 1992. "Evidence on the Objectives of Bank Managers," Center for Financial Institutions Working Papers 94-15, Wharton School Center for Financial Institutions, University of Pennsylvania.
    8. Xavier Freixas & Anthony M. Santomero, 2002. "An overall perspective on banking regulation," Working Papers 02-1, Federal Reserve Bank of Philadelphia.
    9. Chung-Hua Shen, 2005. "Cost efficiency and banking performances in a partial universal banking system: application of the panel smooth threshold model," Applied Economics, Taylor & Francis Journals, vol. 37(9), pages 993-1009.
    10. Ela Glowicka, 2006. "Effectiveness of Bailouts in the EU," CIG Working Papers SP II 2006-05, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
    11. Hughes, Joseph P. & Mester, Loretta J. & Moon, Choon-Geol, 2001. "Are scale economies in banking elusive or illusive?: Evidence obtained by incorporating capital structure and risk-taking into models of bank production," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2169-2208, December.
    12. Christopher Marshall & Michael Siegel, 1996. "Value at Risk: Implementing a Risk Measurement Standard," Center for Financial Institutions Working Papers 96-47, Wharton School Center for Financial Institutions, University of Pennsylvania.
    13. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are Scale Economies in Banking Elusive or Illusive?," Departmental Working Papers 200004, Rutgers University, Department of Economics.
    14. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 2000. "Recovering risky technologies using the almost ideal demand system: an application to U.S. banking," Working Papers 00-5, Federal Reserve Bank of Philadelphia.
    15. Claudia Girardone & Philip Molyneux & Edward Gardener, 2004. "Analysing the determinants of bank efficiency: the case of Italian banks," Applied Economics, Taylor & Francis Journals, vol. 36(3), pages 215-227.
    16. Allen N. Berger & Loretta J. Mester, 1997. "Inside the black box: what explains differences in the efficiencies of financial institutions?," Working Papers 97-1, Federal Reserve Bank of Philadelphia.
    17. Joseph P. Hughes & Loretta J. Mester, 2013. "Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications," Departmental Working Papers 201322, Rutgers University, Department of Economics.
    18. Loretta J. Mester, 1996. "Measuring efficiency at U.S. banks: accounting for heterogeneity is important," Working Papers 96-11, Federal Reserve Bank of Philadelphia.
    19. Joseph P. Hughes, 1998. "Measuring efficiency when market prices are subject to adverse selection," Working Papers 98-3, Federal Reserve Bank of Philadelphia.
    20. Lamberte, Mario B. & Desrochers, Martin, 2002. "Efficiency and Expense Preference in the Philippines' Cooperative Rural Banks," Discussion Papers DP 2002-12, Philippine Institute for Development Studies.
    21. 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.
    22. M. Koetter, 2004. "The Stability of Efficiency Rankings when Risk-Preference are Different," Working Papers 04-08, Utrecht School of Economics.
    23. 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.
    24. John S. Jordan, 1998. "Problem loans at New England banks, 1989 to 1992: evidence of aggressive loan policies," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 23-38.
    25. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are All Scale Economies in Banking Elusive or Illusive: Evidence Obtained by Incorporating Capital Structure and Risk Taking into Models of Bank Production," Center for Financial Institutions Working Papers 00-33, Wharton School Center for Financial Institutions, University of Pennsylvania.
    26. Fung, Michael K., 2006. "Scale economies, X-efficiency, and convergence of productivity among bank holding companies," Journal of Banking & Finance, Elsevier, vol. 30(10), pages 2857-2874, October.
    27. José Manuel Pastor Monsálvez & Lorenzo Serrano Martínez, 2000. "Efficiency, Endogenous And Exogenous Credit Risk In The Banking Systems Of The Euro Area," Working Papers. Serie EC 2000-17, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    28. Fung, Michael K. & Cheng, Arnold C.S., 2010. "Convergence of total factor productivity among banks: Hong Kong's experience," Global Finance Journal, Elsevier, vol. 21(2), pages 201-210.
    29. Allen N. Berger & Loretta J. Mester, 1999. "What explains the dramatic changes in cost and profit performance of the U.S. banking industry?," Working Papers 99-1, Federal Reserve Bank of Philadelphia.
    30. J. Christina Wang, 2003. "Productivity and economies of scale in the production of bank service value added," Working Papers 03-7, Federal Reserve Bank of Boston.
    31. Loretta J. Mester, 2003. "Applying efficiency measurement techniques to central banks," Working Papers 03-13, Federal Reserve Bank of Philadelphia.

Articles

  1. Joseph P. Hughes & Julapa Jagtiani & Choon-Geol Moon, 2022. "Consumer lending efficiency: commercial banks versus a fintech lender," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-39, December.
    See citations under working paper version above.
  2. Hughes, Joseph P. & Moon, Choon-Geol, 2022. "How bad is a bad loan? Distinguishing inherent credit risk from inefficient lending (Does the capital market price this difference?)," Journal of Economics and Business, Elsevier, vol. 120(C).
    See citations under working paper version above.
  3. Hughes, Joseph P. & Jagtiani, Julapa & Mester, Loretta J. & Moon, Choon-Geol, 2019. "Does scale matter in community bank performance? Evidence obtained by applying several new measures of performance," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 471-499.
    See citations under working paper version above.
  4. Hughes, Joseph P. & Mester, Loretta J., 2013. "Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function," Journal of Financial Intermediation, Elsevier, vol. 22(4), pages 559-585.
    See citations under working paper version above.
  5. Joseph Hughes, 2013. "A New Cost Efficiency Measure for Not-for-Profit Firms: Evidence of a Link Between Inefficiency and Large Endowments," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 41(3), pages 279-300, September.
    See citations under working paper version above.
  6. Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol & Pagano, Michael S., 2003. "Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance," Journal of Banking & Finance, Elsevier, vol. 27(3), pages 417-447, March.
    See citations under working paper version above.
  7. DeYoung, Robert E. & Hughes, Joseph P. & Moon, Choon-Geol, 2001. "Efficient risk-taking and regulatory covenant enforcement in a deregulated banking industry," Journal of Economics and Business, Elsevier, vol. 53(2-3), pages 255-282.
    See citations under working paper version above.
  8. Hughes, Joseph P. & Mester, Loretta J. & Moon, Choon-Geol, 2001. "Are scale economies in banking elusive or illusive?: Evidence obtained by incorporating capital structure and risk-taking into models of bank production," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2169-2208, December.
    See citations under working paper version above.
  9. Joseph Hughes & William Lang & Loretta Mester & Choon-Geol Moon, 2000. "Recovering Risky Technologies Using the Almost Ideal Demand System: An Application to U.S. Banking," Journal of Financial Services Research, Springer;Western Finance Association, vol. 18(1), pages 5-27, October.
    See citations under working paper version above.
  10. Hughes, Joseph P., 1999. "Measuring efficiency when competitive prices aggregate differences in product quality and risk," Research in Economics, Elsevier, vol. 53(1), pages 47-76, March.

    Cited by:

    1. Fang, Yiwei & Hasan, Iftekhar & Marton, Katherin, 2011. "Market reforms, legal changes and bank risk-taking: evidence from transition economies," Bank of Finland Research Discussion Papers 7/2011, Bank of Finland.
    2. Chih-Ching Yang, 2014. "An enhanced DEA model for decomposition of technical efficiency in banking," Annals of Operations Research, Springer, vol. 214(1), pages 167-185, March.
    3. Chen, Yu-Chuan & Chiu, Yung-Ho & Huang, Chin-Wei & Tu, Chien Heng, 2013. "The analysis of bank business performance and market risk—Applying Fuzzy DEA," Economic Modelling, Elsevier, vol. 32(C), pages 225-232.
    4. Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol & Pagano, Michael S., 2003. "Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance," Journal of Banking & Finance, Elsevier, vol. 27(3), pages 417-447, March.
    5. Hughes, Joseph P. & Mester, Loretta J. & Moon, Choon-Geol, 2001. "Are scale economies in banking elusive or illusive?: Evidence obtained by incorporating capital structure and risk-taking into models of bank production," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2169-2208, December.
    6. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are Scale Economies in Banking Elusive or Illusive?," Departmental Working Papers 200004, Rutgers University, Department of Economics.
    7. Joseph Hughes, 1999. "Incorporating risk into the analysis of production," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 27(1), pages 1-23, March.
    8. 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.
    9. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are All Scale Economies in Banking Elusive or Illusive: Evidence Obtained by Incorporating Capital Structure and Risk Taking into Models of Bank Production," Center for Financial Institutions Working Papers 00-33, Wharton School Center for Financial Institutions, University of Pennsylvania.

  11. Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol, 1999. "The dollars and sense of bank consolidation," Journal of Banking & Finance, Elsevier, vol. 23(2-4), pages 291-324, February.
    See citations under working paper version above.
  12. Joseph Hughes, 1999. "Incorporating risk into the analysis of production," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 27(1), pages 1-23, March.

    Cited by:

    1. S. Blancard & J.Ph. Boussemart & W. Briec & K. Kerstens, 2006. "Short- and Long-Run Credit Constraints in French Agriculture: A Directional Distance Function Framework Using Expenditure-Constrained Profit Functions," Post-Print hal-00211159, HAL.
    2. Hughes, Joseph P. & Mester, Loretta J., 2013. "Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function," Working Papers 13-17, University of Pennsylvania, Wharton School, Weiss Center.
    3. Claudia Curi & Ana Lozano-Vivas & Valentin Zelenyuk, 2014. "Foreign bank diversification and efficiency prior to and during the financial crisis: Does one business model fit all?," BEMPS - Bozen Economics & Management Paper Series BEMPS18, Faculty of Economics and Management at the Free University of Bozen.
    4. Chiu, Yung-Ho & Chen, Yu-Chuan, 2009. "The analysis of Taiwanese bank efficiency: Incorporating both external environment risk and internal risk," Economic Modelling, Elsevier, vol. 26(2), pages 456-463, March.
    5. Koutsomanoli-Filippaki, Anastasia & Mamatzakis, Emmanuel, 2009. "Performance and Merton-type default risk of listed banks in the EU: A panel VAR approach," Journal of Banking & Finance, Elsevier, vol. 33(11), pages 2050-2061, November.
    6. Yang Li & Yi-Kai Chen & Feng Sheng Chien & Wen Chih Lee & Yi Ching Hsu, 2016. "Study of optimal capital adequacy ratios," Journal of Productivity Analysis, Springer, vol. 45(3), pages 261-274, June.
    7. Hughes, Joseph P. & Moon, Choon-Geol, 2022. "How bad is a bad loan? Distinguishing inherent credit risk from inefficient lending (Does the capital market price this difference?)," Journal of Economics and Business, Elsevier, vol. 120(C).
    8. Xiang Chen & Xuping Zhang & Yujia Wang & Hairui Jia, 2022. "The risk‐adjusted profit productivity change in Chinese banks: A comparative analysis of the different type banks," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(2), pages 523-532, March.
    9. Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol & Pagano, Michael S., 2003. "Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance," Journal of Banking & Finance, Elsevier, vol. 27(3), pages 417-447, March.
    10. Hughes, Joseph P. & Mester, Loretta J. & Moon, Choon-Geol, 2001. "Are scale economies in banking elusive or illusive?: Evidence obtained by incorporating capital structure and risk-taking into models of bank production," Journal of Banking & Finance, Elsevier, vol. 25(12), pages 2169-2208, December.
    11. Yung-Ho Chiu & Chyanlong Jan & Da-Bai Shen & Pen-Chun Wang, 2008. "Efficiency and capital adequacy in Taiwan banking: BCC and super-DEA estimation," The Service Industries Journal, Taylor & Francis Journals, vol. 28(4), pages 479-496, May.
    12. Ta‐Cheng Chang & Yung‐Ho Chiu, 2006. "Affecting Factors On Risk‐Adjusted Efficiency In Taiwan'S Banking Industry," Contemporary Economic Policy, Western Economic Association International, vol. 24(4), pages 634-648, October.
    13. Joseph P. Hughes & Loretta J. Mester, 2018. "The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications," Departmental Working Papers 201805, Rutgers University, Department of Economics.
    14. Christopher Marshall & Michael Siegel, 1996. "Value at Risk: Implementing a Risk Measurement Standard," Center for Financial Institutions Working Papers 96-47, Wharton School Center for Financial Institutions, University of Pennsylvania.
    15. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are Scale Economies in Banking Elusive or Illusive?," Departmental Working Papers 200004, Rutgers University, Department of Economics.
    16. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 2000. "Recovering risky technologies using the almost ideal demand system: an application to U.S. banking," Working Papers 00-5, Federal Reserve Bank of Philadelphia.
    17. Joseph P. Hughes & Loretta J. Mester, 2013. "Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications," Departmental Working Papers 201322, Rutgers University, Department of Economics.
    18. E. Mamatzakis, 2015. "Risk and efficiency in the Central and Eastern European banking industry under quantile analysis," Quantitative Finance, Taylor & Francis Journals, vol. 15(3), pages 553-567, March.
    19. Felix Rioja & Neven Valev, 2002. "Financial Development and Growth: A Positive, Monotonic Relationship?," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0207, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    20. Saeed, Momna & Izzeldin, Marwan, 2016. "Examining the relationship between default risk and efficiency in Islamic and conventional banks," Journal of Economic Behavior & Organization, Elsevier, vol. 132(S), pages 127-154.
    21. Mr. Jong-Kun Lee & Mr. Biaggio Bossone, 2002. "In Finance, Size Matters," IMF Working Papers 2002/113, International Monetary Fund.
    22. Joseph P. Hughes & Loretta J. Mester, 2008. "Efficiency in banking: theory, practice, and evidence," Working Papers 08-1, Federal Reserve Bank of Philadelphia.
    23. San-Jose, Leire & Retolaza, Jose Luis & Torres Pruñonosa, Jose, 2014. "Efficiency in Spanish banking: A multistakeholder approach analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 32(C), pages 240-255.
    24. Chen, Ku-Hsieh, 2012. "Incorporating risk input into the analysis of bank productivity: Application to the Taiwanese banking industry," Journal of Banking & Finance, Elsevier, vol. 36(7), pages 1911-1927.
    25. Delis, Manthos & Iosifidi, Maria & Tsionas, Mike G, 2017. "Endogenous bank risk and efficiency," European Journal of Operational Research, Elsevier, vol. 260(1), pages 376-387.
    26. Yung-Ho Chiu & Yu-Chuan Chen & Xue-Jie Bai, 2011. "Efficiency and risk in Taiwan banking: SBM super-DEA estimation," Applied Economics, Taylor & Francis Journals, vol. 43(5), pages 587-602.
    27. Chen, Xiang & Wang, Yujia & Wu, Xin, 2022. "Exploring the source of the financial performance in Chinese banks: A risk-adjusted decomposition approach," International Review of Financial Analysis, Elsevier, vol. 80(C).
    28. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2000. "Are All Scale Economies in Banking Elusive or Illusive: Evidence Obtained by Incorporating Capital Structure and Risk Taking into Models of Bank Production," Center for Financial Institutions Working Papers 00-33, Wharton School Center for Financial Institutions, University of Pennsylvania.
    29. Mamatzakis, E & Koutsomanoli, A, 2009. "Risk in the EU banking industry and efficiency under quantile analysis," MPRA Paper 22492, University Library of Munich, Germany.
    30. Miguel Boucinha & Nuno Ribeiro & Thomas Weyman-Jones, 2013. "An assessment of Portuguese banks’ efficiency and productivity towards euro area participation," Journal of Productivity Analysis, Springer, vol. 39(2), pages 177-190, April.
    31. Joseph P. Hughes, 2013. "The Elusive Scale Economies of the Largest Banks and Their Implications for Global Competitiveness," World Scientific Book Chapters, in: Douglas D Evanoff & Cornelia Holthausen & George G Kaufman & Manfred Kremer (ed.), The Role of Central Banks in Financial Stability How Has It Changed?, chapter 17, pages 327-345, World Scientific Publishing Co. Pte. Ltd..
    32. Safiullah, Md & Shamsuddin, Abul, 2019. "Risk-adjusted efficiency and corporate governance: Evidence from Islamic and conventional banks," Journal of Corporate Finance, Elsevier, vol. 55(C), pages 105-140.
    33. Chiu, Yung-ho & Luo, Zhengying & Chen, Yu-Chuan & Wang, Zebin & Tsai, Min-Pei, 2013. "A comparison of operating performance management between Taiwan banks and foreign banks based on the Meta-Hybrid DEA model," Economic Modelling, Elsevier, vol. 33(C), pages 433-439.
    34. Loretta J. Mester, 2003. "Applying efficiency measurement techniques to central banks," Working Papers 03-13, Federal Reserve Bank of Philadelphia.

  13. Joseph P. Hughes & Loretta J. Mester, 1998. "Bank Capitalization And Cost: Evidence Of Scale Economies In Risk Management And Signaling," The Review of Economics and Statistics, MIT Press, vol. 80(2), pages 314-325, May.
    See citations under working paper version above.
  14. Joseph P. Hughes & William W. Lang & Loretta J. Mester & Choon-Geol Moon, 1996. "Efficient banking under interstate branching," Proceedings, Board of Governors of the Federal Reserve System (U.S.), pages 1045-1075.
    See citations under working paper version above.
  15. Hughes, Joseph P., 1990. "Profit-maximizing input demand under rate-of-return regulation : Pathological substitution and output effects," Resources and Energy, Elsevier, vol. 12(1), pages 79-95, April.

    Cited by:

    1. Baffoe-Bonnie, John, 2004. "Learning-by-doing and input demand of a rate-of-return regulated firm," Economic Modelling, Elsevier, vol. 21(6), pages 1015-1037, December.

  16. Joseph P. Hughes, 1981. "Methodological Confusion in Introductory Economics," The American Economist, Sage Publications, vol. 25(2), pages 7-11, October.

    Cited by:

    1. William C. Perkins, 2010. "An Introduction to the Economic Method," The American Economist, Sage Publications, vol. 55(1), pages 73-83, May.

  17. Hughes, Joseph P., 1981. "Giffen inputs and the theory of multiple production," Journal of Economic Theory, Elsevier, vol. 25(2), pages 287-301, October.

    Cited by:

    1. Herve Guyomard, 1991. "Public inputs, allocatable fixed factors and the theory of the multiproduct firm : a clarification," Post-Print hal-01601246, HAL.
    2. Guyomard, Herve & Mahe, Louis Adrien Pascal, 1993. "Producer Behaviour Under Strict Rationing and Quai-Fixed Factors," Bulletins 7489, University of Minnesota, Economic Development Center.

  18. Hughes, Joseph P, 1980. "The Comparative Statics of the Competitive, Increasing-Cost Industry," American Economic Review, American Economic Association, vol. 70(3), pages 518-521, June.

    Cited by:

    1. Hervé Guyomard & Alexandre Gohin & Chantal Le Mouël, 2001. "Instruments de soutien interne des revenus agricoles, effets de distorsion sur les échanges et multifonctionnalité de l'agriculture," Post-Print hal-01937091, HAL.
    2. Gohin, Alexandre & Guyomard, Herve & Le Mouel, Chantal, 2001. "Promoting Multifunctionality While Minimizing Trade Distortion Effects: The Relative Merits Of Traditional Policy Instruments," 2001 Annual meeting, August 5-8, Chicago, IL 20468, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

Chapters

  1. Joseph P. Hughes & Loretta J. Mester & Choon-Geol Moon, 2017. "Measuring agency costs and the value of investment opportunities of US bank holding companies with stochastic frontier estimation," Chapters, in: Jacob A. Bikker & Laura Spierdijk (ed.), Handbook of Competition in Banking and Finance, chapter 11, pages 205-229, Edward Elgar Publishing.
    See citations under working paper version above.Sorry, no citations of chapters recorded.
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