The performance of the Greek banking system in view of the EMU: results from a non-parametric approach

Tsionas, Efthymios G.; Lolos, Sarantis; Christopoulos, Dimitris

doi:10.1016/s0264-9993(01)00101-8

Cited by 54 publications

(31 citation statements)

References 13 publications

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“…Similarly, the results of Tsionas et al (2003) showed that the TFP growth (3.8%) of Greek banks during the period 1993-1998 is mainly connected with the technological improvement in large-sized banks. Asimakopoulos et al (2008) studied the evolution of Greek bank efficiency 8 for the period 1994-2006 and found that it improved gradually from 1999 onwards, a fact which is attributed, to a great extent, to the better management of production factors by banks.…”

Section: Empirical Results For Bank Output and Productivitymentioning

confidence: 86%

“…These data are available from the balance sheets of banks; however, they do not accurately reflect neither bank output due to its multiple and interdependent nature mentioned above nor bank inputs as they ignore their quality aspect. Additionally, existing studies which apply more elaborate methods for measuring Greek bank output and productivity (Rezitis, 2006 andTsionas et al, 2003) often use a small sample of banks or cover a relatively short period.…”

Section: Introductionmentioning

confidence: 99%

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Assessing output and productivity growth in the banking industry

Athanasoglou¹,

Georgiou²,

Staikouras

2009

The Quarterly Review of Economics and Finance

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This paper assesses the evolution of output and productivity in the Greek banking industry for the period 1990-2006. Three main categories of bank output were estimated based on modern theoretical approaches, while for the aggregation and estimation of output and inputs and the estimation of productivity (partial and total factor) we relied on the index number method (Tornqvist index). Additionally, we considered the effect of labor quality on banks' productivity and using a growth accounting framework we examined the contribution of total factor productivity (TFP) to bank output growth. The results show that bank output and labor productivity increased considerably during the period under examination, outpacing the respective GDP growth and labor productivity of the Greek economy. Capital productivity and TFP of the Greek banking industry have also improved remarkably mainly since 1999, as a result of the structural changes that took place within the industry, capital investments (mainly in IT equipment) as well as improvement in the quality of human capital.

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Section: Empirical Results For Bank Output and Productivitymentioning

confidence: 86%

Section: Introductionmentioning

confidence: 99%

Assessing output and productivity growth in the banking industry

Athanasoglou¹,

Georgiou²,

Staikouras

2009

The Quarterly Review of Economics and Finance

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“…There is a vast amount of literature on bank efficiency and productivity that examines a number of aspects such as investigating the determinants of efficiency (Canhato and Dermine, 2003;Casu and Molyneux, 2003); ownership (Havrylchyk, 2006;Sturm and Williams, 2004); stock returns and efficiency (Beccalli et al, 2006;Erdem and Erdem, 2008); corporate events and efficiency (Avkiran, 1999;Sherman and Rupert, 2006); regulatory reform, liberalization and efficiency (Brissimis et al, 2008;Fethi et al, 2011;Isik and Hassan, 2003;Tsionas et al, 2003); consolidation and its impact on banksÕ efficiency (Cuesta and Orea, 2002;Vivas et al 2011); and comparison of different frontier techniques (Delis et al, 2009) 3 . However, to our knowledge, there is an insufficient number of studies that formally consider the relationship between banksÕ regulated capital and productivity (Fethi et al, 2012).…”

Section: Introductionmentioning

confidence: 99%

How a regulatory capital requirement affects banks’ productivity: an application to emerging economies

et al. 2015

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“…As discussed in detail in Section 3, the Tone measure differs from the more usual Banker, Charnes and Cooper (BCC, 1984) non-parametric program by ensuring that slacks are explicitly taken into account in the efficiency analysis. Examples of banking studies using the BCC program include Drake and Hall (2003), Tsionas et al (2003), and Chu and Lim (1998)). …”

mentioning

confidence: 99%

Bank modelling methodologies: A comparative non-parametric analysis of efficiency in the Japanese banking sector

Drake

Hall

Simper

2009

Journal of International Financial Markets, Institutions and Mo

104

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This study examines the efficiency of the Japanese banking system utilising the relatively new, non-parametric, Slacks-Based Measure (SBM) technique by Tone (2001). This technique differs from the frequently used Banker, Charnes and Cooper (1984) Data Envelopment Analysis model in that it utilises information concerning slacks which do not feature in the latter's primal programme. In addition, we also extend the comparative bank modelling methodology literature by utilising both the Intermediation and Production approaches, together with a third methodology, the Profit / Revenue-based approach, based on a preferred methodology proposed in Berger and Mester (2003). We find that, across the three methodologies, there are marked differences in: mean efficiency scores; the dispersion of efficiency scores; and the ranking of banks and bank sectors. Hence, the results demonstrate a very high degree of modelling dependence, which, we argue, has important implications in the context of policy responses.

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The performance of the Greek banking system in view of the EMU: results from a non-parametric approach

Cited by 54 publications

References 13 publications

Assessing output and productivity growth in the banking industry

Assessing output and productivity growth in the banking industry

How a regulatory capital requirement affects banks’ productivity: an application to emerging economies

Bank modelling methodologies: A comparative non-parametric analysis of efficiency in the Japanese banking sector

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