Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
1996-1997 | 39-40 | 65--81
Tytuł artykułu

Pomiar efektywności kosztowej banków: zarys metodologii

Warianty tytułu
Measuring Cost Efficiency of Banks: a Methodological Framework
Języki publikacji
W niniejszej pracy pokazano podstawowe metody pomiaru efektywności kosztowej w sektorze bankowym oparte na technikach ekonometrycznych. Celem autorów było przygotowanie podstaw do empirycznych badań efektywności kosztowej banków polskich.
The paper focuses on the econometric approach to the measurement of cost efficiency in banking and reviews the existing methodological and empirical literature, mainly articles published recently in leading international journals. The microeconomic foundations of efficiency analysis and simple estimation techniques of frontier cost functions (based on modifications of the Ordinary Least Squares) are presented. The translog cost function with composed error is assumed and two specific cases are examined, namely the pure cross section model and the panel data model. In the latter case, the fixed effects approach (together with within estimator) is presented in some detail. The Bayesian approach to inference is advocated for future empirical studies in view of shortcomings of the classical estimation of stochastic frontier models. The problem of defining and measuring production inputs and outputs in the banking sector is discussed in the context of future empirical studies of cost efficiency of Polish banks. (original abstract)
Opis fizyczny
  • Aigner D., Lovell C. A. K., Schmidt P., 1977, Formulation and Estimation of Stochastic Frontier Production Function Modds, "Journal of Econometrics", 6.
  • Akhaiven J., Swamy P. A. V. B., Taubman S. B., Singamsetti R. N., 1997, A General Method of Deriving the Inefficiencies of Bank from a Profit Function, "The Journal of Productivity Analysis", 8.
  • Bauer P. W., Hancock D., 1993, The Efficiency of the Federal Reserve in Providing Check Processing Services, "Journal of Banking and Finance", 17.
  • Beckers D. E., Hammond C. J., 1987, A Tractable Likelihood Function for the Normal-Gamma Stochastic Frontier Model, "Economics Letters", 24.
  • Berg S. A., Forsund F. R., Hjalmarsson L., Souminen M., 1993, Banking Efficiency in the Nordic Countries, "Journal of Banking and Finance", 17.
  • Berger A. N., 1993, Distribution-Free Estimates of Efficiency in the U.S. Banking Industry and Tests of the Standard Distributional Assumptions, "The Journal of Productivity Analysis", 4.
  • Berger A. N., Humphrey D., 1991, The Dominace of Inefficiencies Over Scale and Product Mix Economies in Banking, "Journal of Monetary Economics", 28.
  • Berger A. N., Hanweck G., Humphrey D., 1987, Competitive Viability in Banking. Scale, Scope, and Mix Economies, "Journal of Monetary Economics", 20.
  • Cebenoyan A. S., Cooperman E. S., Register C. A., Hudgins S. C., 1993, The Relative Efficieny of Stock Versus Mutual S&Ls: A Stochastic Cost Frontier Approach, "Journal of Financial Services Research".
  • Cornwell C., Schmidt P., Siekles R., 1990, Production Frontiers With-Cross-Sectional and Time.-Series Variation in Efficiency Levels, "Journal of Econometrics", 46.
  • Dietseh M., 1993, Economies of Scale and Scope in French Commercial Banking Industry, "Journal of Productivity Analysis", 4.
  • English M., Grosskopf S., Hayes K., Yaiswarng S., 1993, Output Allocative and Technical Efficiency of Banks, "Journal of Banking and Finance", 17.
  • Fernandez C., Osiewalski J., Steel M. F. J., 1997, On the Use of Panel Data in Stochastic Frontier Models with Improper Priors", "Journal of Econometrics", 79.
  • Ferrier G. D., Lovell C. A. K., 1990, Measuring Cost Efficiency in Banking: Econometric and Linear Programming Evidence, "Journal of Econometrics", 46.
  • Grabowski R., Ragan N., Rezvanian R., 1993, Organizational Forms in Banking: An Empirical Investigation of Cost Efficiency, "Journal of Banking and Finance", 17.
  • Greene W., 1980, Maximum Likelihood Estimation of Econometric Frontier Functions, "Journal of Econometrics", 13.
  • Greene W., 1990, A Gamma-Distributed Stochastic Frontier Model, "Journal of Econometrics", 46.
  • Hassan Y. A., Grabowski R., Pasurka C., Ragan N., 1990, Technical, Scale, and Allocative Efficiencies in U.S. Banking: An Empirical Investigation, "Review of Economics and Statistics".
  • Hughes J., Mester L. J., 1993, A Quality and Risk-Adjusted Cost Function for Banks: Evidence on the ,,Too-Big-To-Fail Doctrine", "Journal of Productivity Analysis", 4.
  • Humphrey D., 1985, Costs and Scale Economies in Bank Intermediation, [w:] Handbook of Banking Strategy (red.: R.C. Aspinwall, R. Eisenbeis), J. Wiley, New York.
  • Humphrey D., 1993, Cost and Technical Change: Effects From Bank Deregulation, "Journal of Productivity Analysis", 4.
  • Jondrow J., Lovel1 C. A. K., Materov L, Schmidt P., 1982, On the Estimation of Technical Inefficiency in the Stochastic Frontier Production Function Model, "Journal of Econometrics", 19.
  • Kaparakis E., Miller S. M., Noulas A. G., 1994, Short-Run Cost Inefficiency of Commercial Banks: A Flexible Stochastic Frontier Approach, "Journal of Money, Credit, and Banking", 26.
  • Koop G., Osiewalski J., Steel M. F. J., 1994, Bayesian Efficiency Analysis with a Flexible form: The AlM Cost Function, "Journal of Business and Economic Statistics", 12.
  • Koop G., Osiewalski J., Steel M. F. J., 1997, Hospital Efficiency Analysis with Individual Effects: A Bayesian approach, "Journal of Econometrics", 76.
  • Kopp R., Diewert W. E., 1982, The Decomposition of Frontier Cost Function Deviations into Measurcs of Technical and Allocative Inefficiency, "Journal of Econometrics", 19.
  • Kumbhakar S. C., 1990, Production Frontiers, Panel Data, and Time-Varying Technical Inefficiency, "Journal of Econometrics", 46.
  • Kumbhakar S. C., Ghosh S., MCGuckin J. T., 1991, A Generalized Production Frontier Approach for Estimating Determinants of Inefficiency in U.S. Dairy Farms, "Journal of Business and Economic Statistics", 9.
  • MCAllister P. H., McManus D., 1993, Resolving the Scale Efficiency Puzzle in Banking, "Journal of Banking and Finance", 17.
  • Meeusen W., van den Broeck J., 1977, Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error, "International Economic Review", 8.
  • Mester L. J., 1993, Efficiency in the Savings and Loan Industry, "Journal of Banking and Finance", 17.
  • Molyneux F., Altunbas Y., Gardener E., 1996, Efficiency in European Banking, J. Wiley, Chichester.
  • Muldur U., Sassenou M., 1993, Economies of Scale and Scope in French Banking and Savings Institutions, "Journal of Productivity Analysis", 4.
  • Noulas A. G., Subhash C. R., Miller S. M., 1990, Returns to Scale and Input Substitution for Large U.S. Banks, "Journal of Money, Credit, and Banking", 22.
  • Osiewalski J., Steel M. F. J., 1998, Numerical Tools for the Bayesian Analysis of Stochastic Frontier Models, "Journal of Productivity Analysis", 9.
  • Pitt M., Lee L. F., 1981, The Measurement and Sources of Technical Inefficiency in the Indonesian Weaving Industry, "Journal of Development Economies", 9.
  • Rangan N., Grabowski R., Aly N. Y., Pasurka C., 1988, The Technical Efficiency of US Banks, "Economies Letters", 28.
  • Schmidt P., Sickles R., 1984, Production Frontiers and Panel Data, "Journal of Business and Economic Statistics", 2.
  • Sealey C. W., Lindley J. T., 1977, Inputs, Outputs, and a Theory of Production and Cost at Depository Financial Institutions, "The Journal of Finance", 32.
  • Stevenson R. E., 1980, Likelihood Functions for Generalized Stochastic Frontier Estimation, "Journal of Econometrics", 13.
  • Van den Broeck J., Koop G., Osiewalski J., Steel M. F. J., 1994, Stochastic Frontier Models: A Bayesian Perspective, "Journal of Econometrics", 61.
  • Varian H. R., 1995, Mikroekonomia, Wydawnictwo Naukowe PWN, Warszawa.
  • Zardokoohi A., Kolari J., 1994, Branch Office Economies of Scale and Scope: Evidence from Savings Banks in Finland, "Journal of Banking and Finance", 18.
Typ dokumentu
Identyfikator YADDA

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.