Global and local banking crises and risk-adjusted efficiency of Indian banks: Are the impacts really perspective-dependent?

Gulati, Rachita

doi:10.1016/j.qref.2022.01.004

Cited by 11 publications

(5 citation statements)

References 94 publications

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“…Hence, an analysis was conducted on the relationship between EU and banks’ efficiency in both pre-GFC, GFC, and post-GFC periods to gain a comprehensive understanding of the findings. Based on the studies of [ 15 , 58 , 59 ], the sample in this study was divided into three groups, namely the pre-GFC period (2006–2007), GFC period (2008–2009), and post-GFC period (2010–2021). The regression result of this section can be seen in Table 12 .…”

Section: Resultsmentioning

confidence: 99%

The impact of economic uncertainty on bank efficiency—the moderating role of country governance

Luo,

Kamarudin,

Nor

2024

Heliyon

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Section: Resultsmentioning

confidence: 99%

The impact of economic uncertainty on bank efficiency—the moderating role of country governance

Luo,

Kamarudin,

Nor

2024

Heliyon

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“…Some studies have reported a negative influence of the global financial crisis on the efficiency of banks (Andrieș & Ursu, 2016;Wanke et al, 2022) indicating a decrease in efficiency. However, other studies suggest that the global financial crisis did not have a significant adverse effect on the efficiency levels of banks (Gulati, 2022). Furthermore, the impact of the coronavirus pandemic will also be evaluated.…”

Section: Data and Model Developmentmentioning

confidence: 99%

“…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).…”

Section: Data and Model Developmentmentioning

confidence: 99%

On the Determinants of the Bank Efficiency in the Republic of Serbia: Two-Stage Dea Approach

Marjanović,

Stanković,

Tsaples

2023

Economic Themes

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The important role of the banking sector in the economic development of the country imposes the need for continuous measurement and monitoring of bank efficiency. Besides, identifying industry-specific and macroeconomic factors that affect the achieved efficiency is an important task in order to detect potential disruptions, as well as to provide adequate guidelines to improve the efficiency. Therefore, the main goal of this paper is to quantify the achieved efficiency and uncover its determinants. The study is conducted in two stages. In the first stage, using the DEA method, the efficiency of banks for the period from 2005 to 2022 will be assessed, while in the second stage, the factors of efficiency will be determined by applying Tobit regression. The results indicate that when it comes to industry-specific factors, greater market concentration unfavourably affects the efficiency of banks. Regarding the macroeconomic factors, the growth of gross domestic product, inflation rate and global financial crisis have a significant influence on the achieved level of bank efficiency in the Republic of Serbia. In addition to expanding the existing knowledge on quantification of efficiency and defining the determinants of efficiency on the example of banks in the Republic of Serbia, the results in this paper also hold relevance to policymakers and practitioners.

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“…A detailed analysis of the literature reveals that the empirical evidence is rich but mostly limited to developed markets (see, e.g., Mensi et al (2022) examined the impact of GFC on US future markets: Chicago Mercantile Exchange and London Metal Exchange; Horta et al (2014) analyzed the impact of GFC on Belgium, France, Greece, Japan, the Netherlands, Portugal, the UK and the US). Studies conducted by (Gulati 2022) extend this debate to developing markets. For example, the study of Gulati (2022) investigates the case of the Indian market in GFC, while Park et al (2010) focus on the Chinese market in the context of AFC.…”

Section: Introduction Of the Studymentioning

confidence: 99%

“…Studies conducted by (Gulati 2022) extend this debate to developing markets. For example, the study of Gulati (2022) investigates the case of the Indian market in GFC, while Park et al (2010) focus on the Chinese market in the context of AFC. According to the best of our knowledge, there is no such study that highlights the case of the Pakistani market.…”

Section: Introduction Of the Studymentioning

confidence: 99%

Three Major Crises and Asian Emerging Market Informational Efficiency: A Case of Pakistan Stock Exchange-100 Index

Said

Rehman

Raza

2022

JRFM

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Periods of economic turmoil distort the ability of stock prices to reflect the available information. In the last three decades, emerging markets experienced numerous crises. The major three of them are the Asian Financial Crisis (1997–1998), Global Financial Crisis (2007–2009) and Global Pandemic Crisis (2020–2022). The nature, intensity and duration of these crises differ significantly. This study investigates the impact of these varying natures of crises on the level of informational efficiency. The empirical evidence is based on the emerging stock market of Pakistan. Index-level data are collected from Pakistan Stock Exchange-100 Index for the period 1995–2022. The rebalancing is done each year to ensure that the final sample is composed of only 100 stocks with the highest market capitalization. The results based on the Variance Ratio (VR) test show that informational efficiency is time-varying. Among all the three crises, informational efficiency deters more in the COVID-19 pandemic, albeit the market efficiency recovers soon. This implies that the arbitrage opportunity is marginal in crisis periods, while investors prefer to invest in post-crisis periods. Finally, our results reveal that among all the crises, investors were more informed in the Global Financial Crisis. Investors must keep a close eye on market regimes for designing investment solutions.

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Global and local banking crises and risk-adjusted efficiency of Indian banks: Are the impacts really perspective-dependent?

Cited by 11 publications

References 94 publications

The impact of economic uncertainty on bank efficiency—the moderating role of country governance

The impact of economic uncertainty on bank efficiency—the moderating role of country governance

On the Determinants of the Bank Efficiency in the Republic of Serbia: Two-Stage Dea Approach

Three Major Crises and Asian Emerging Market Informational Efficiency: A Case of Pakistan Stock Exchange-100 Index

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