“…Previous studies have commonly employed Tobit regression in conjunction with DEA research (Eyceyurt Batir et al, 2017;Milenković et al, 2022;Patra et al, 2023). Some of these studies examine the influence of: (a) bank-specific factors such as profitability (Blanco-Oliver, 2021;El Moussawi & Mansour, 2022;Patra et al, 2023) or bank's size (Anagnostopoulos et al, 2022;Harimaya & Ozaki, 2021;Martens et al, 2021); (b) industry-specific factors such as ownership (Gulati, 2022;Henriques et al, 2018;Patra et al, 2023), market share and concentration (El Moussawi & Mansour, 2022;Harimaya & Ozaki, 2021) or (c) macroeconomic factors such as inflation rate (Jelassi & Delhoumi, 2021;Raphael, 2013) and GDP (Dimitras et al, 2023;Jelassi & Delhoumi, 2021).…”