政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/114844

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 109948/140897 (78%)
Visitors : 46099191 Online Users : 724

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 金融學系 > 期刊論文 > Item 140.119/114844

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/114844

Title:	A new approach to jointly estimating the Lerner index and cost efficiency for multi-output banks under a stochastic meta-frontier framework
Authors:	黃台心 Huang, Tai-Hsin Chiang, Dien-Lin Chao, Shih-Wei
Contributors:	金融系
Keywords:	Copula-based simultaneous stochastic frontier model;Cost frontier;Output price frontier;Stochastic meta-frontier;Technology gap ratio;Potential Lerner index
Date:	2017-08
Issue Date:	2017-11-21 17:40:57 (UTC+8)
Abstract:	This paper proposes the copula-based simultaneous stochastic frontier model, composed of a cost frontier and two output price frontiers, for the banking sector in order to measure cost efficiency and market power in the markets of loans and investments. The new Lerner indices are estimated by the simultaneous equations model, consisting of three frontier equations, thus avoiding obtaining negative measures of the Lerner index. We apply the stochastic meta-frontier model of Huang et al. (2014) to estimate and compare cost efficiency and market power across five European countries over the period 1998–2010. Our approach allows for calculating the technology gap ratio and evaluating the potential Lerner indices, which consist of the Lerner index and marginal cost gap ratio. Empirical results suggest that banks reallocate their output quantities toward the one with a higher measure of the potential Lerner index in order to promote profits. Adopting advanced technology and conducting merger and acquisitions are effective ways to achieve this goal.
Relation:	The Quarterly Review of Economics and Finance, 65, 212-226
Data Type:	article
DOI 連結:	https://doi.org/10.1016/j.qref.2016.09.004
DOI:	10.1016/j.qref.2016.09.004
Appears in Collections:	[金融學系] 期刊論文

Files in This Item:

File	Description	Size	Format
212226.pdf		779Kb	Adobe PDF2	453	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...