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題名 An Examination on the Cost Efficiency of the Banking Industry under Multiple Output Prices` Uncertainty
作者 Huang, Tai-Hsin ; Liao, Ying-Ting ; Chiang, Li-Chih
黃台心;廖盈婷;姜麗智
貢獻者 金融系
日期 2010
上傳時間 17-Feb-2014 09:57:56 (UTC+8)
摘要 This article formulates a behavioural model of profit maximization, which explicitly incorporates both multiple output prices’ risk and safety-first practice. This theoretical model is specifically suitable for investigating financial institutions, whose output prices frequently encounter a variety of risks, such as loan defaults/arrears. The sample banks are empirically found to be highly risk-averse. Furthermore, risk preferences exert little effect on the technical efficiency estimates, whereas the same estimates obtained by the standard fixed-effect model under certainty tend to be overestimated. Evidence is found that a specialized bank offering a single product with a larger scale of production will be preferable in an uncertain atmosphere.
關聯 Applied Economics, 42(9), 1169-1182
資料類型 article
DOI http://dx.doi.org/10.1080/00036840701721190
dc.contributor 金融系en_US
dc.creator (作者) Huang, Tai-Hsin ; Liao, Ying-Ting ; Chiang, Li-Chihen_US
dc.creator (作者) 黃台心;廖盈婷;姜麗智zh_TW
dc.date (日期) 2010en_US
dc.date.accessioned 17-Feb-2014 09:57:56 (UTC+8)-
dc.date.available 17-Feb-2014 09:57:56 (UTC+8)-
dc.date.issued (上傳時間) 17-Feb-2014 09:57:56 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/63881-
dc.description.abstract (摘要) This article formulates a behavioural model of profit maximization, which explicitly incorporates both multiple output prices’ risk and safety-first practice. This theoretical model is specifically suitable for investigating financial institutions, whose output prices frequently encounter a variety of risks, such as loan defaults/arrears. The sample banks are empirically found to be highly risk-averse. Furthermore, risk preferences exert little effect on the technical efficiency estimates, whereas the same estimates obtained by the standard fixed-effect model under certainty tend to be overestimated. Evidence is found that a specialized bank offering a single product with a larger scale of production will be preferable in an uncertain atmosphere.en_US
dc.format.extent 189080 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Applied Economics, 42(9), 1169-1182en_US
dc.title (題名) An Examination on the Cost Efficiency of the Banking Industry under Multiple Output Prices` Uncertaintyen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1080/00036840701721190en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1080/00036840701721190en_US