Off-balance sheet activities and cost inefficiency in Taiwan's Banks

References

• Afriat , S. N. 1972 . Efficiency estimation of production functions . International Economic Review , 13 : 568 – 98 .
   Google Scholar
• Aigner , D. J. and Chu , S. F. 1968 . On estimating the industry production function . International American Economic Review , 58 : 826 – 39 .
   Web of Science ®Google Scholar
• Aigner , D. J. , Lovell , C. A.K. and Schmidt , P. 1977 . Formulation and estimation of stochastic frontier production function models . Journal of Econometrics , 6 ( 1 ) : 21 – 37 .
   Google Scholar
• Altunbas , Y. , Liu , M. H. , Molyneux , P. and Seth , R. 2000 . Efficiency and risk in Japanese banking . Journal of Banking & Finance , : 1605 – 28 .
   Web of Science ®Google Scholar
• Battese , G. E. and Coelli , T. J. 1988 . Prediction of firm-level technical efficiencies with generalized frontier production function and panel data . Journal of Econometrics , 38 : 387 – 99 .
   Web of Science ®Google Scholar
• Battese , G. E. and Coelli , T. J. 1992 . Frontier production functions, technical efficiency and panel data: with application to paddy farmers in India . Journal of Productivity Analysis , 3 : 153 – 69 .
   Google Scholar
• Battese , G. E. and Coelli , T. J. 1995 . A model for technical inefficiency effects in a stochastic frontier production function for panel data . Empirical Economics , 20 : 325 – 32 .
   Google Scholar
• Berger , A. N. and Mester , L. J. 1997 . Inside the black box: what explains difference in the efficiencies of financial institutions? . Journal of Banking & Finance , 21 ( July ) : 895 – 947 .
   Web of Science ®Google Scholar
• Boyd , J. H. and Gertler , M. 1994 . Are banks dead? Or are the reports greatly exaggerated? . Federal Reserve Bank of Minneapolis Quarterly Review , : 2 – 23 . Summer
   Google Scholar
• Charnes , A. , Cooper , W. W. , Lewin , A. Y. and Seiford , L. M. 1995 . Data Envelopment Analysis: Theory, Methodology and Applications , Boston : Kluwer Academic Publishers .
   Google Scholar
• Charnes , A. , Cooper , W. W. and Rhodes , E. 1978 . Measuring the efficiency of decision making units . European Journal of Operational Research , 2 ( 6 ) : 429 – 44 .
   Web of Science ®Google Scholar
• Chen , T. Y. and Yeh , T. L. 1998 . A study of efficiency evaluation in Taiwan's banks . International Journal of Service Industry Management , 9 ( 5 ) : 402 – 15 .
   Google Scholar
• Chen , T. Y. and Yeh , T. L. 2000 . A measurement of bank efficiency, ownership and productivity changes in Taiwan . The Service Industries Journal , 20 ( 1 ) : 95 – 109 .
   Web of Science ®Google Scholar
• Clark , J. A. and Siems , T. F. 2002 . X-efficiency in banking: looking beyond the balance sheet . Journal of Money, Credit, and Banking , 34 ( 4 ) : 987 – 1013 .
   Web of Science ®Google Scholar
• Coelli , T. J. 1996 . “ A guide to FRONTIER Version 4.1: a computer program for stochastic frontier production and cost function estimation ” . Armidale : Centre for Efficiency and Productivity Analysis Working Paper, University of New England .
   Google Scholar
• Coelli , T. J. , Rao , D. S.P. and Battese , G. E. 1998 . An Introduction to Efficiency and Production Analysis , Boston : Kluwer Academic Publishers .
   Google Scholar
• Cornwell , C. , Schmidt , P. and Sickles , R. C. 1990 . Production frontiers with cross-sectional and time-series variation in efficiency levels . Journal of Econometrics , 46 : 185 – 200 .
   Web of Science ®Google Scholar
• DeYoung , R. 1994 . “ Fee-based service and cost efficiency in commercial banks. Federal Reserve Bank of Chicago ” . Proceedings : Conference of Bank Structure and Competition .
   Google Scholar
• DeYoung , R. 1997 . A diagnostic test for the distribution-free efficiency estimator: an example using U.S. commercial bank data . European Journal of Operational Research , 98 : 243 – 9 .
   Web of Science ®Google Scholar
• Farrell , M. J. 1957 . The measurement of productive efficiency . Journal of Royal Statistical Society , 120 ( 3 ) : 254 – 81 . Series A
   Google Scholar
• Fried , H. O. , Lovell , C. A.K. , Schmidt , S. S. and Yaisawarng , S. 2002 . Accounting for environmental effects and statistical noise in data envelopment analysis . Journal of Productivity Analysis , 17 : 157 – 74 .
   Web of Science ®Google Scholar
• Gilligan , T. M. and Smirlock , M. L. 1984 . An empirical study of joint production and scale economics in commercial banking . Journal of Banking and Finance , 8 : 67 – 77 .
   Web of Science ®Google Scholar
• Gilligan , T. M. , Smirlock , M. L. and Marshall , W. 1984 . Scale and scope economies in the multi-product banking firm . Journal of Monetary Economics , 3 : 393 – 405 .
   Web of Science ®Google Scholar
• Huang , T. H. and Wang , M. H. 2001 . Measuring scale and scope economies in multi-product banking – a stochastic frontier approach . Applied Economics Letters , 8 : 159 – 62 .
   Web of Science ®Google Scholar
• Jagtiani , J. and Khanthavit , A. 1996 . Scale and scope economics at large banks, including off-balance sheet, products and regulatory effects (1984–1991) . Journal of Banking & Finance , 20 : 1271 – 87 .
   Web of Science ®Google Scholar
• Jagtiani , J. , Nathan , A. and Sick , G. 1995 . Scale economics and cost complementarities in commercial banks' on-and off-balance-sheet activities . Journal of Banking & Finance , 19 : 1175 – 89 .
   Web of Science ®Google Scholar
• Jondrow , J. , Lovell , C. A.K. , Materov , I. S. and Schmidt , P. 1982 . On estimation of technical inefficiency in the stochastic frontier production function model . Journal of Econometrics , 19 : 233 – 8 .
   Web of Science ®Google Scholar
• Lovell , C. A.K. 1994 . Linear programming approaches to the measurement and analysis of productive efficiency . Top , 2 : 175 – 248 .
   Google Scholar
• Meeuseu , W. and Van den Broeck , J. 1977 . Efficiency estimation from Cobb–Douglas production functions with composed error . International Economics Review , 18 ( 2 ) : 435 – 44 .
   Web of Science ®Google Scholar
• Nikiel , E. M. and Opiela , T. P. 2002 . Customer type and bank efficiency in Poland: implications for emerging market banking . Contemporary Economics Policy , 20 ( 3 ) : 255 – 71 .
   Web of Science ®Google Scholar
• Panzar , J. C. and Willig , R. D. 1977 . Economies of scale in multi-output production . Quarterly Journal of Economics , : 481 – 93 . Aug
   Web of Science ®Google Scholar
• Pitt , M. M. and Lee , L.-F. 1981 . Measurement and sources of technical inefficiency in the Indonesian weaving industry . Journal of Development Economics , 9 : 43 – 64 .
   Web of Science ®Google Scholar
• Richmond , J. 1974 . Estimating the efficiency of production . International Economic Review , 15 : 515 – 21 .
   Google Scholar
• Roger , K. E. 1998 . Nontraditional activities and the efficiency of US commercial banks . Journal of Banking & Finance , 22 : 467 – 82 .
   Web of Science ®Google Scholar
• Sathye , M. 2001 . X-efficiency in Australian banking: an empirical investigation . Journal of Banking & Finance , 25 : 613 – 30 .
   Web of Science ®Google Scholar
• Schmidt , P. 1976 . On the statistical estimation of parametric frontier production functions . Review of Economics and Statistics , 58 : 238 – 9 .
   Web of Science ®Google Scholar
• Schmidt , P. and Sickles , R. C. 1984 . Production frontiers and panel data . Journal of Business and Economics Statistics , 2 : 367 – 74 .
   Google Scholar
• Seiford , L. M. 1996 . Data envelopment analysis: the evolution of the state of the art (1978–1995) . Journal of Productivity Analysis , 7 : 99 – 138 .
   Web of Science ®Google Scholar
• Siems , T. F. and Clark , J. A. 1997 . Rethinking bank efficiency and regulation: how off-balance-sheet activities make a difference . Federal Reverse Bank of Dallas Financial Industry Studies , : 1 – 12 . Dec
   Google Scholar
• Stiroh , K. J. 2000 . How did bank holding companies prosper in the 1990s . Journal of Banking and Finance , 24 : 1703 – 45 .
   Web of Science ®Google Scholar