Efficiency And Productivity Growth Modelling In The Financial Services Industry Fotios Pasiouras by Fotios Pasiouras 9781118541531, 9781119967521, 1118541537, 111996752X instant download after payment.

An 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 discipline and governance, economics of scale, off-balance-sheet activities, productivity of foreign banks, mergers and acquisitions, and mutual fund ratings. The second part of the book compares existing techniques and state-of-the-art techniques in the bank efficiency literature, including among others, network data envelopment analysis and quantile regression.

The book is suitable for academics and professionals as well as postgraduate research students working in banking and finance.

Efficiency and Productivity Growth:

• Provides an authoritative introduction to efficiency and productivity analysis with applications in both the banking and mutual funds industry such as efficiency of Asian banks, cooperatives and not-for-profit credit associations.
• Explores contemporary research issues in the area of efficiency and productivity measurement in the financial sector.
• Evaluates the most suitable approaches to selecting inputs and outputs as well as selecting the most efficient techniques, such as parametric and non-parametric, to estimate the models.

Content:
Chapter 1 Bank efficiency in Latin America (pages 1–18): Philip Molyneux and Jonathan Williams
Chapter 2 A Primer on market discipline and governance of financial institutions for those in a state of shocked disbelief* (pages 19–47): Joseph P. Hughes and Loretta J. Mester
Chapter 3 Modeling economies of scale in banking (pages 49–75): Robert DeYoung
Chapter 4 Optimal size in banking (pages 77–94): Jaap W.B. Bos and James W. Kolari
Chapter 5 Productivity of foreign banks (pages 95–121): Claudia Curi and Ana Lozano?Vivas
Chapter 6 The impact of merger and acquisition on efficiency and market power (pages 123–133): Franco Fiordelisi and Francesco Saverio Stentella Lopes
Chapter 7 Backtesting superfund portfolio strategies based on frontier?based mutual fund ratings (pages 135–170): Olivier Brandouy, Kristiaan Kerstens and Ignace Woestyne
Chapter 8 Bank efficiency measurement and network DEA (pages 171–191): Necmi K. Avkiran
Chapter 9 A dynamic network DEA model with an application to Japanese Shinkin banks (pages 193–213): Hirofumi Fukuyama and William L. Weber
Chapter 10 Effects of specification choices on efficiency in DEA and SFA (pages 215–236): Michael Koetter and Aljar Meesters
Chapter 11 Efficiency and performance evaluation of European cooperative banks (pages 237–252): Michael Doumpos and Constantin Zopounidis
Chapter 12 A quantile regression approach to bank efficiency measurement* (pages 253–266): Anastasia Koutsomanoli?Filippaki, Emmanuel Mamatzakis and Fotios Pasiouras