The effects of geographic expansion on the productivity of Spanish savings banks

Illueca, Manuel; Pastor, José Manuel; Tortosa‐Ausina, Emili

doi:10.1007/s11123-009-0138-6

Cited by 45 publications

(52 citation statements)

References 88 publications

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“…deposits, assets, securities or loans), one should also account for other non-balance sheet dimensions. We partly capture these dimensions by adding gains from fee-based operations, which can be considered a non-traditional output (see, e.g., Illueca et al (2009)). Moreover, due to the purpose of the study and the modelling of outputs, total loans are divided into performing (good) loan portfolio and non-performing (bad) loan portfolio.…”

Section: The Costa Rican Banking Industry: Deregulation Processes Andmentioning

confidence: 99%

Monitoring bank performance in the presence of risk

Epure

Lafuente

2014

J Prod Anal

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This paper devises management and accounting tools for monitoring bank performance. We first propose a multidimensional efficiency measure that integrates credit risk and is adapted to the real banking technology. Second, traditional accounting ratios complement the analysis. Third, the impact of different risk measures over efficiency and accounting ratios is shown. Fourth, we examine the effect of CEO turnover on future performance. An empirical application considers a unique dataset of Costa Rican banks during 1998-2007. Results reveal that performance improvements follow regulatory changes and that risk explains differences in performance. Non-performing loans negatively affect efficiency and return on assets, whereas the capital adequacy ratio positively affects the net interest margin. This supports that incurring monitoring costs and having higher levels of capitalisation may enhance performance. Finally, results confirm that appointing CEOs from outside the bank significantly improves performance, thus suggesting the potential benefits of new organisational practices.

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Section: The Costa Rican Banking Industry: Deregulation Processes Andmentioning

confidence: 99%

Monitoring bank performance in the presence of risk

Epure

Lafuente

2014

J Prod Anal

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“…In the particular case of savings banks, most of them had set aggressive but costly geographic expansion policies that are now being redefined (Illueca et al, 2009(Illueca et al, , 2014.…”

Section: Discussionmentioning

confidence: 99%

Costs, revenues and performance in Spanish banking: a comparative analysis of pre- and early crisis years

Prior

Tortosa‐Ausina

García-Alcober

et al. 2016

Spanish Journal of Finance and Accounting / Revista Española de

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“…As summarized in Simar and Wilson (2011) Illueca et al (2009). In the particular case of mutual fund performance evaluation, Simar (2005, 2006b) also propose different nonparametric methods to overcome the problems derived from estimating regressions where the dependent variable is obtained by solving linear programming problems 9…”

mentioning

confidence: 99%

“…Therefore, from a theoretical point of view, it remains an area to be explored. However, some examples have already been published in the literature which combine DEA and the likes (such as FDH, order-m and order-α) with these more flexible methods, including Balaguer-Coll et al (2007), in the case of nonparametric regression, Illueca et al (2009), in the case of conditional density estimation and, to a lesser extent Kumar and Russell (2002).…”

mentioning

confidence: 99%

On the comparative performance of socially responsible and Islamic mutual funds

Abdelsalam

Duygun

Matallín

et al. 2014

Journal of Economic Behavior & Organization

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104

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Citation for published item:edelslmD yF nd huygun pethiD wF nd wtll¡ %nD tFgF nd ortosEeusinD iF @PHIRA 9yn the omprtive performne of soilly responsile nd sslmi mutul fundsF9D tournl of eonomi ehvior nd orgniztionFD IHQ F IHVEIPVF Further information on publisher's website: Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. Meryem Duygun Fethi University of Leicester Juan Carlos MatallínUniversitat Jaume I Emili Tortosa-AusinaUniversitat Jaume I and Ivie May 20, 2013Abstract This is the first study to provide comprehensive analyses of the relative performance of both Socially Responsible Investment (SRI) and Islamic mutual funds. The analysis proceeds in two stages. In the first, the performance of the two categories of funds is measured using partial frontier methods. In the second stage, we use quantile regression techniques. By combining two variants of the Free Disposal Hull (FDH) methods (order-m and order-α) in the first stage of analysis and quantile regression in the second stage, we provide detailed analyses of the impact of different covariates across methods and across different quantiles. In spite of the differences in the screening criteria and portfolio management of both types of funds, variation in the performance is only found for some of the quantiles of the conditional distribution of mutual fund performance. We established that for the most inefficient funds the superior performance of SRI funds is significant. In contrast, for the best mutual funds this evidence vanished and even Islamic funds perform better than SRI. These results show the benefits of performing the analysis using quantile regression.

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The effects of geographic expansion on the productivity of Spanish savings banks

Abstract: Conditional density estimation, Geographic expansion, Malmquist productivity index, Nonparametric regression, Savings bank, C14, C30, C61, G21, L5,

Cited by 45 publications

References 88 publications

Monitoring bank performance in the presence of risk

Monitoring bank performance in the presence of risk

Costs, revenues and performance in Spanish banking: a comparative analysis of pre- and early crisis years

On the comparative performance of socially responsible and Islamic mutual funds

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