المستودع الأكاديمي جامعة المدينة

Measurement matters: Input price proxies and bank efficiency in Germany

أعرض تسجيلة المادة بشكل مبسط

dc.creator Koetter, Michael
dc.date 2005
dc.date.accessioned 2013-10-16T07:06:33Z
dc.date.available 2013-10-16T07:06:33Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19734
dc.identifier ppn:484583832
dc.identifier RePEc:zbw:bubdp2:4256
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19734
dc.description Most bank efficiency studies that use stochastic frontier analysis (SFA) employ each bank's own implicit input price when estimating efficient frontiers. But the theoretical foundation of most studies is a cost minimisation and/ or profit maximisation problem assuming perfect input markets. At the very least, traditional input price proxies therefore contain substantial measurement error. In this paper, we examine the magnitude and direction of this error in cost and profit efficiency (CE and PE) measurement. We suggest two input market definitions to approximate exogenous input prices alternatively and estimate CE and PE of German banks between 1993 and 2003. Our main findings are threefold. First, after accounting for systematic differences across banks, mean CE is sensitive to alternative input prices. Second, distortions of mean PE due to traditional input prices are small. Third, across CE models small cooperative banks located in large western states are identified as top performers. Large banks and those located in eastern states rank lowest.
dc.language eng
dc.relation Discussion Paper, Series 2: Banking and Financial Supervision 2005,01
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject C51
dc.subject L11
dc.subject G20
dc.subject ddc:330
dc.subject Germany
dc.subject Banks
dc.subject cost efficiency
dc.subject profit efficiency
dc.subject stochastic frontier analysis
dc.subject measurement error
dc.subject Bank
dc.subject Wirtschaftliche Effizienz
dc.subject Kosten
dc.subject Gewinn
dc.subject Schätzung
dc.subject Benchmarking
dc.subject Faktorpreis
dc.subject Deutschland
dc.title Measurement matters: Input price proxies and bank efficiency in Germany
dc.type doc-type:workingPaper


الملفات في هذه المادة

الملفات الحجم الصيغة عرض

لا توجد أي ملفات مرتبطة بهذه المادة.

هذه المادة تبدو في المجموعات التالية:

أعرض تسجيلة المادة بشكل مبسط