| dc.contributor | 金融系 | |
| dc.creator (作者) | 黃台心 | zh_TW |
| dc.creator (作者) | Huang, Tai-Hsin | en_US |
| dc.creator (作者) | Chiang, Dien-Lin | en_US |
| dc.creator (作者) | Lin, Chung-I | en_US |
| dc.date (日期) | 2017-01 | |
| dc.date.accessioned | 21-Nov-2017 17:40:41 (UTC+8) | - |
| dc.date.available | 21-Nov-2017 17:40:41 (UTC+8) | - |
| dc.date.issued (上傳時間) | 21-Nov-2017 17:40:41 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/114843 | - |
| dc.description.abstract (摘要) | The translog profit functional form is widely used to study technical efficiency for banks. Although this functional form is known as being flexible, it is not applicable to those banks incurring economic losses. The recently developed approach, i.e., the censored stochastic frontier model (CSFM), by Tsay et al. (2013) appears to be superior to existing approaches, since CSFM does not need to transform negative profit into positive profit before taking the natural logarithm. The transformation with respect to the profit variable tends to bias the parameter estimates of the profit frontier and the subsequent profit efficiency measure. We show that the parameter estimates of CSFM have the desirable statistical properties. Moreover, empirical results reveal that the mean profit efficiency of CSFM is more robust than those models using transformed profits across the sub-periods 1991–1998 and 1999–2009. | en_US |
| dc.format.extent | 534762 bytes | - |
| dc.format.mimetype | application/pdf | - |
| dc.relation (關聯) | The North American Journal of Economics and Finance, 39, 68-77 | en_US |
| dc.subject (關鍵詞) | Translog profit frontier;Censored stochastic frontier model;Profit efficiency | en_US |
| dc.title (題名) | A new approach to estimating a profit frontier using the censored stochastic frontier model | en_US |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.najef.2016.12.001 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.najef.2016.12.001 | |
