LEADER 05360nam 2200625 a 450 001 9910139044203321 005 20200520144314.0 010 $a1-118-54158-8 010 $a1-118-54153-7 010 $a1-299-38525-7 010 $a1-118-54156-1 035 $a(CKB)2550000001017497 035 $a(EBL)1155261 035 $a(OCoLC)831116693 035 $a(MiAaPQ)EBC1155261 035 $a(DLC) 2012047231 035 $a(Au-PeEL)EBL1155261 035 $a(CaPaEBR)ebr10677739 035 $a(CaONFJC)MIL469775 035 $a(PPN)192309153 035 $a(EXLCZ)992550000001017497 100 $a20121116d2013 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aEfficiency and productivity growth$b[electronic resource] $emodelling in the financial services industry /$fedited by Fotios Pasiouras 210 $aChichester, West Sussex $cJohn Wiley & Sons$d2013 215 $a1 online resource (290 p.) 225 1 $aStatistics in practice 300 $aDescription based upon print version of record. 311 $a1-119-96752-X 320 $aIncludes bibliographical references and index. 327 $aEfficiency and Productivity Growth: Modelling in the Financial Services Industry; Copyright; Contents; Preface; Contributors; 1 Bank efficiency in Latin America; 1.1 Introduction; 1.2 Privatization and foreign banks in Latin America; 1.3 Methodology; 1.4 Model specification and data; 1.5 Estimated parameters and cost efficiency; 1.6 Conclusion; References; 2 A primer on market discipline and governance of financial institutions for those in a state of shocked disbelief; 2.1 Introduction; 2.2 Assessing the performance of financial institutions 327 $a2.3 Market discipline, public regulation, and the federal safety net 2.4 Sources of market discipline; 2.4.1 Ownership structure; 2.4.2 Capital markets; 2.4.3 Product markets; 2.4.4 Labor markets; 2.4.5 Boards of directors; 2.4.6 Compensation; 2.5 Conclusions; Appendix 2.A: Measuring performance based on the highest potential market value of assets; References; 3 Modeling economies of scale in banking: Simple versus complex models; 3.1 Introduction; 3.2 The increasing size of banks; 3.3 What has allowed banks to grow larger?; 3.3.1 New banking technologies; 3.4 Why do banks choose to be large? 327 $a3.4.1 Objectives of bank management 3.4.2 Government subsidies; 3.4.3 Scale economies; 3.5 Econometric modeling of bank scale economies; 3.5.1 Findings from 50 years of studies; 3.6 Weaknesses in econometric modeling of bank scale economies; 3.6.1 Few and far between; 3.6.2 Strategic groups; 3.6.3 External costs; 3.7 Other evidence on bank scale economies; 3.7.1 Survivor analysis; 3.7.2 The market price of banks; 3.7.3 Bank size and bank risk-return trade-offs; 3.8 Conclusions; References; 4 Optimal size in banking: The role of off-balance sheet operations; 4.1 Literature review 327 $a4.2 Off-balance sheet activities of European banks 4.3 Methodology; 4.3.1 Stochastic frontier analysis; 4.3.2 Functional form; 4.3.3 Scale economies; 4.4 Data; 4.5 Results; 4.5.1 Increasing OBS operations; 4.5.2 Nonseparability effects of OBS operations; 4.6 Conclusion; References; 5 Productivity of foreign banks: Evidence from a financial center; 5.1 Introduction; 5.2 Literature overview; 5.3 Methodology; 5.3.1 TFP growth measures; 5.3.2 Estimation of the TFP growth measures; 5.4 Data and sources; 5.5 Empirical results; 5.5.1 Productivity growth over time 327 $a5.5.2 Breaking down productivity growth 5.6 Conclusions; Acknowledgments; References; 6 The impact of merger and acquisition on efficiency and market power; 6.1 Introduction; 6.2 Literature review; 6.3 Empirical design; 6.3.1 Data; 6.3.2 Variables; 6.3.3 The econometric approach; 6.4 Results; 6.5 Conclusions; References; 7 Backtesting superfund portfolio strategies based on frontier-based mutual fund ratings; 7.1 Introduction; 7.2 Frontier-based mutual funds rating models; 7.2.1 A taxonomy; 7.2.2 MF frontier rating models retained 327 $a7.3 Backtesting setup, data description, and frontier-based portfolio models 330 $aAn authoritative introduction to efficiency and productivity analysis with applications in both the banking and finance industry In light of the recent global financial crisis, several studies have examined the efficiency of financial institutions. A number of open questions remain and this book reviews recent issues and state-of-the-art techniques in the assessment of the efficiency and productivity of financial institutions. Written by an international team of experts, the first part of the book links efficiency with a variety of topics like Latin American banking, market dis 410 0$aStatistics in practice. 606 $aBanks and banking$xEconometric models 606 $aFinancial services industry$xEconometric models 615 0$aBanks and banking$xEconometric models. 615 0$aFinancial services industry$xEconometric models. 676 $a332.101/5195 700 $aPasiouras$b Fotios$0882024 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910139044203321 996 $aEfficiency and productivity growth$91970264 997 $aUNINA