| dc.contributor | 金融系 | - |
| dc.creator (作者) | 李起銓;黃台心 | - |
| dc.date (日期) | 2016-01 | - |
| dc.date.accessioned | 13-Jul-2016 11:32:47 (UTC+8) | - |
| dc.date.available | 13-Jul-2016 11:32:47 (UTC+8) | - |
| dc.date.issued (上傳時間) | 13-Jul-2016 11:32:47 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/98989 | - |
| dc.description.abstract (摘要) | Insofar as the completion of the Single Market for Financial Services, it has presented new challenges for European Banking industries. In this study, we use a recently developed generalized metafrontier Malmquist productivity index (gMMPI) to provide insights on productivity growth. We extend the gMMPI to broaden the index`s capacity by decomposing various sources of productivity change in the metafrontier context. The sample contains commercial banks from 12 Western European countries prior to the recent financial crisis. A key advantage of our extension is that it introduces the role of scale effects. The empirical results show that an average bank`s productivity growth arises mainly from technical changes and scale effects. Moreover, smaller and larger banks grow faster than medium ones. In addition, conservative banks tend to grow faster. These findings suggest that a more competitive and integrated financial market induced by financial deregulation is indeed able to improve banks’ productivity. | - |
| dc.format.extent | 688881 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | North American Journal of Economics and Finance, 36, 29-48 | - |
| dc.subject (關鍵詞) | Metafrontier Malmquist productivity index; Technical efficiency change; Scale effects; Catch-up | - |
| dc.title (題名) | Productivity Changes in Pre-Crisis Western European Banks: Does scale effect really matter? | - |
| dc.type (資料類型) | article | - |
| dc.identifier.doi (DOI) | 10.1016/j.najef.2015.11.005 | - |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1016/j.najef.2015.11.005 | - |
