| Reference: | Aigner, D., C.A.K. Lovell, and P. Schmidt (1977), “Formulation and Estimation of Stochastic Frontier Production Function Models,” Journal of Econometrics, 6, 21-37.
Akhigbe, A. and B.A. Stevenson (2010), “Profit efficiency in U.S. BHCs: Effects of increasing non-traditional revenue sources,” Quarterly Review of Economics and Finance, 50, 132-40.
Alegria, C. and K. Schaeck (2008), “On Measuring Concentration in Banking Systems,” Finance Research Letters, 5, 59-67.
Altunbas, Y., E.P.M. Gardener, P. Molyneux, and B. Moore (2001), “Efficiency in European banking,” European Economic Review, 45, 1931-1955.
Angelini, P. and N. Cetorelli (2003), “The Effects of Regulatory Reform on Competition in the Banking Industry,” Journal of Money, Credit, and Banking, 35, 663-684.
Banker, R. D., A. Charnes, and W.W. Cooper (1984), “Some models for estimating technical and scale inefficiencies in Data Envelopment Analysis,” Management Science, 30, 1078-1092.
Battese, G.E., D.S.P. Rao, and C.J. O’Donnell (2004), “A metafrontier production function for estimation of technical efficiencies and technology gaps for firms operating under different technologies,” Journal of Productivity Analysis, 21, 91-103.
Beck, T., A. Demirgüç-Kunt, and R. Levine (2006), “Bank Concentration, Competition, and Crisis: First Results,” Journal of Banking and Finance, 30, 1581-1603.
Berg, S.A. and M. Kim (1998), “Bank as Multioutput Oligopolies: An Empirical Evaluation of the Retail and Corporate Banking Markets,” Journal of Money, Credit, and Banking, 30, 135-153.
Berger, A.N., A. Demirgüç-Kunt, R. Levine, and J.G. Haubrich (2004), “Bank Concentration and Competition: An Evolution in the Making,” Journal of Money, Credit, and Banking, 36, 433-451.
Berger, A.N., L.F. Klapper, and R. Turk-Ariss (2009), “Bank Competition and Financial Stability,” Journal of Financial Services Research, 35, 99-118.
Bikker, J.A. and K. Haaf (2002), “Competition, Concentration and Their Relationship: An Empirical Analysis of the Banking Industry,” Journal of Banking and Finance, 26, 2191-2214.
Bikker, J.A., S. Shaffer, and L. Spierdijk (2012), “Assessing competition with the Panzar-Rosse model: the role of scale, costs, and equilibrium,” Review of Economics and Statistics, 94, 1025-1044.
Bresnahan, T. (1982), “The oligopoly solution identified,” Economics Letters, 10, 19-27.
Boone, J., J.C. van Ours, and H. van der Wiel (2007), “How (not) to measure competition,” TILEC discussion paper, DP 2007-014, Tilburg University.
Bos, J.W.B. and H. Schmiedel (2007), “Is there a single frontier in a single European banking market?,” Journal of Banking and Finance, 31(7), 2081-2102.
Carbó, S., D. Humphrey, J. Maudos, and P. Molyneux (2009), “Cross-country Comparisons of Competition and Pricing Power in European Banking,” Journal of International Money and Finance, 28, 115-134.
Charnes, A., W.W. Cooper, E. Rhodes (1978), “Measuring the efficiency of decision making units,” European Journal of Operations Research, 2, 429-444.
Casu, B. and C. Girardone (2006), “Bank Competition, Concentration and Efficiency in the Single European Market,” Manchester School, 74, 441-468.
Chen, K.H. and H.Y. Yang (2011), “A Cross-country comparison of productivity growth using the generalized meta-frontier Malmquist productivity index: With application to banking industries in Taiwan and China,” Journal of Productivity Analysis, 35(3), 197-212.
De Bandt, O. and E.P. Davis (2000), “Competition, Contestability and Market Structure in European Banking Sectors on the Eve of EMU,” Journal of Banking and Finance, 24, 1045-1066.
Delis, M.D. and E.G. Tsionas (2009), “The Joint Estimation of Bank-level Market Power and Efficiency,” Journal of Banking and Finance, 33, 1842-1850.
Fitzpatrick, T. and McQuinn, K. (2008), “Measuring bank profit efficiency,” Applied Financial Economics, 18, 1-8.
Greene, W.H. (2003), “Simulated likelihood estimation of the normal-gamma stochastic frontier function,” Journal of Productivity Analysis, 19, 179-190.
Greene, W.H. (2010), “A stochastic frontier model with correction for sample selection,” Journal of Productivity Analysis, 34, 15-24.
Huang, C.J., T.H. Huang, and N.H. Liu (2014), “A New Approach to Estimating the Metafrontier Production Function Based on a Stochastic Frontier Framework,” Journal of Productivity Analysis, 42, 241-254.
Huang, T.H., and N.H. Liu (2013), “Formulation and joint estimation of the Lerner index and cost efficiency for banks using copula methods,” manuscript.
Huang, T.H. (2000), “Estimating X-efficiency in Taiwanese banking using a translog shadow profit function,” Journal of Productivity Analysis, 14, 225-245.
Huang, T.H., L.C. Chiang, K.C. Chen, and P.H. Chiu (2010), “An application of the meta-frontier cost function to the study of bank efficiencies and technology gaps in 16 European countries,” Management Review, 29, 25-43.
Kasman, A. and C. Yildirim (2006), “Cost and profit efficiencies in transition banking: the case of new EU members,” Applied Economics, 38, 1079-90.
Koetter, M., J. Kolari, and L. Spierdijk (2012), “Enjoying the Quiet Life under Deregulation? Evidence from Adjusted Lerner Indices for U.S. Banks,” Review of Economics and Statistics, 94, 462-480.
Koetter, M. and T. Poghosyan (2009), “The Identification of Technology Regimes in Banking: Implications for the Marker Power-fragility Nexus,” Journal of Banking and Finance, 33, 1413-1422.
Koutsomanoli-Filippaki, A., E. Mamatzakis, and C. Staikouras (2009), “Structural reforms and banking efficiency in the new EU States,” Journal of Policy Modeling, 31, 17-21.
Lai, H.P. and C.J. Huang (2013), “Maximum Likelihood Estimation of Seemingly Unrelated Stochastic Frontier Regressions,” Journal of Productivity Analysis, 40, 1-14.
Lau, L. (1982), “On identifying the degree of competitiveness from industry price and output data,” Economics Letters, 10, 93-99.
Lerner, A.P. (1934), “The Concept of Monopoly and the Measurement of Monopoly Power,” Review of Economic Studies, 1, 157-175.
Maudos, J. and J. Fernández de Guevara (2004), “Factors Explaining the Interest Margin in the Banking Sectors of the European Union,” Journal of Banking and Finance, 28, 2259-2281.
Maudos, J. and J. Fernández de Guevara (2007), “The Cost of Market Power in Banking: Social Welfare Loss vs. Cost Inefficiency,” Journal of Banking and Finance, 31, 2103-2125.
Meeusen, W. and J. van den Broeck (1977), “Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error,” International Economic Review, 18, 435-444.
Molyneux, P., D.M. Lloyd-Williams, and J. Thornton (1994), “Competitive conditions in European banking,” Journal of Banking and Finance, 18, 445-459.
Molyneux, P., J. Thornton, and D.M. Lloyd-Williams (1996), “Competition and market contestability in Japanese commercial banking,” Journal of Economics and Business, 48, 33-45.
Panzar, J.C. and J.N. Rosse (1987), “Testing for Monopoly Equilibrium,” Journal of Industrial Economics, 35, 443-456.
O’Donnell, C.J., D.S.P. Rao, and G.E. Battese (2008), “Metafrontier Frameworks for the Study of Firm-Level Efficiencies and Technology Ratios,” Empirical Economics, 34, 231-255.
Sklar, A. (1959), “Functions de Répartition àn Dimensions et Leurs Marges,” Publications de l’Institut de Statistique de L’Université de Paris, 8, 229-231.
Tsay, W.J., C.J. Huang, T.T. Fu, and I.L. Ho (2013), “A simple closed-form approximation for the cumulative distribution function of the composite error of stochastic frontier models,” Journal of Productivity Analysis, 39, 259-269.
Turk-Ariss, R. (2009), “Competitive Behavior in Middle East and North Africa Banking Systems,” Quarterly Review of Economics and Finance, 49, 693-710.
Turk-Ariss, R. (2010), “On the Implications of Market Power in Banking: Evidence from Developing Countries,” Journal of Banking and Finance, 34, 765-775.
Van Leuvensteijn, M., J.A. Bikker, Adrian A.R.J.M. van Rixtel, and C.K. Sorensen (2011), “A new approach to measuring competition in the loan markets of the euro area,” Applied Economics, 43, 3155-3167.
Van Leuvensteijn, M., C.K. Sorensen, J.A. Bikker, Adrian A.R.J.M. van Rixtel (2013), “Impact of bank competition on the interest rate pass-through in the euro area,” Applied Economics, 45, 1359-1380.
Vennet, R.V. (2002), “Cost and profit efficiency of financial conglomerates and universal banks in Europe,” Journal of Money, Credit, and Banking, 34, 254-282.
Williams, J. (2012), “Efficiency and market power in Latin American banking,” Journal of Financial Stability, 8, 263-276. |
