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Bank efficiency in the new European Union member states: Is there convergence?

journal contribution
posted on 2023-06-08, 00:01 authored by Emmanuel Mamatzakis, Christos Staikouras, Anastasia Koutsomanoli-Filippaki
We employ the stochastic frontier approach and estimate a common frontier in order to examine cost and profit efficiency in the banking systems of the ten new European Union member states over the period 19982003. The results indicate a generally low level of cost and an even lower level of profit efficiency, whilst we do not observe marked differences of inefficiency scores across countries. Foreign banks outperform both state-owned and domestic private-owned banks in terms of profit efficiency, though results are less clear in the case of cost efficiency. In addition, - and -convergence criteria indicate some convergence in cost efficiency across the new member states, yet no convergence appears to have been achieved in terms of profit efficiency.

History

Publication status

  • Published

Journal

International Review of Financial Analysis

ISSN

10575219

Publisher

Elsevier

Issue

5

Volume

17

Page range

1156-1172

Department affiliated with

  • Business and Management Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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