Explaining Efficiency Differences Among Large German and Austrian Banks

Cost-efficiency, scale efficiency, and productivity change are estimated by data envelopment analysis; and cost-efficiency is regressed on explanatory variables. No evidence is found for average productivity responding to deregulation over the period studied. State-owned banks are found to be more cost-efficient (likely owing to cheaper funds) and cooperative banks to be about as cost-efficient as private banks. Increasing economies of scale but decreasing economies of scope provide rationale for M&As among banks with similar product portfolios. Interbank and capital market funding is found to be more cost-efficient than deposits when the cost of retail networks is controlled for.
Publication date: August 2004
ISBN: 9781451856156
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Banks and Banking , Banks and Banking , efficiency , data envelopment analysis , banking , statistics , linear programming , banking systems

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