Finance and Economics Discussion Series: Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions - Softcover

Berger, H Montague Osteen Jr Professor In Banking And Finance Allen N; Mester, Loretta J

Softcover

ISBN 10: 1288721986 ISBN 13: 9781288721986

Publisher: Bibliogov, 2013

Synopsis

Over the past several years, substantial research effort has gone into measuring the efficiency of financial institutions. Many studies have found that inefficiencies are quite large, on the order of 20 percent or more of total banking industry costs and about half of the industry's potential profits. There is no consensus on the sources of the differences in measured efficiency. This paper examines several possible sources, including differences in efficiency concept, measurement method, and a number of bank, market, and regulatory characteristics. We review the extant literature and provide new evidence using data on U.S. banks over the period 1990-95.

About this edition

• Publisher: Bibliogov
• Publication date: 2013
• ISBN 10: 1288721986
• ISBN 13: 9781288721986
• Binding: Paperback
• Number of pages: 62