Liberalisation, privatisation and the productivity of Egyptian banks: a non-parametric approach

References

• 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
• Arestis , P. 2000 . Financial sector reforms in developing countries with special reference to Egypt , London : South Bank University . (Discussion paper)
   Google Scholar
• Ataullah , A. , Cockerill , T. and Le , H. 2004 . Financial liberalization and bank efficiency: A comparative analysis of India and Pakistan . Applied Economics , 36 ( 17 ) : 1915 – 1924 .
   Web of Science ®Google Scholar
• Avkiran , N. K. 1999 . The evidence on efficiency gains: The role of mergers and the benefits to the public . Journal of Banking and Finance , 23 ( 7 ) : 991 – 1013 .
   Web of Science ®Google Scholar
• Berger , A. N. and Humphrey , D. B. 1997 . Efficiency of financial institutions: International survey and directions for future research . European Journal of Operation Research , 98 ( 2 ) : 175 – 212 .
   Web of Science ®Google Scholar
• Bhattacharyya , A. , Lovell , C. A.K. and Shay , P. 1997 . The impact of reform on the productive efficiency of Indian commercial banks . European Journal of Operation Research , 98 ( 2 ) : 332 – 345 .
   Web of Science ®Google Scholar
• Brissimis , S. N. , Delis , M. D. and Papanikolaou , N. I. 2008 . Exploring the nexus between banking sector reform and performance: Evidence from newly acceded EU countries . Journal of Banking and Finance , 32 ( 12 ) : 2674 – 2683 .
   Web of Science ®Google Scholar
• Caprio , G. Jr. and Cull , R. 2000, August . Bank privatisation and regulation for Egypt (DLS 15) , Distinguished Lecture Series Vol. 15 , Cairo, , Egypt : The Egyptian Centre for Economic Studies (ECES) .
   Google Scholar
• Casu , B. and Molyneux , P. 2003 . A comparative study of efficiency in European banking . Applied Economics , 35 ( 17 ) : 1865 – 1876 .
   Web of Science ®Google Scholar
• Caves , D. W. , Christensen , L. R. and Diewert , E. 1982 . The economic theory of index numbers of the measurement of input, output and productivity . Econometrica , 50 ( 6 ) : 1393 – 1414 .
   Web of Science ®Google Scholar
• Chaffai , M. E. 1997 . Estimating input-specific technical inefficiency: The case of the Tunisian banking industry . European Journal of Operational Research , 98 ( 2 ) : 314 – 331 .
   Google Scholar
• Charnes , A. , Cooper , W. W. and Rhodes , E. 1978 . Measuring efficiency of decision making units . European Journal of Operational Research , 2 ( 6 ) : 429 – 449 .
   Web of Science ®Google Scholar
• Chen , X. , Skully , M. and Brown , K. 2005 . Banking efficiency in China: Application of DEA to pre- and post-deregulation eras: 1993–2000 . China Economic Review , 16 ( 3 ) : 229 – 245 .
   Web of Science ®Google Scholar
• Chen , T.-Y. and Yeh , L. 2000 . A measurement of bank efficiency, ownership and productivity changes in Taiwan . The Service Industries Journal , 20 ( 1 ) : 105 – 109 .
   Google Scholar
• Coelli , T. J. , Prasada Rao , D. S. , O'Donnell , C. J. and Battese , G. E. 2005 . An introduction to efficiency and productivity analysis , 2 , New York : Springer .
   Google Scholar
• Cook , W. D. , Hababou , M. and Liang , L. 2005 . Financial liberalization and efficiency in Tunisian banking industry: DEA test . International Journal of Information Technology & Decision Making , 4 ( 3 ) : 455 – 475 .
   Google Scholar
• Demir , N. , Mahmud , F. S. and Babuscu , S. 2005 . The technical inefficiency effects of Turkish banks after financial liberalisation . The Developing Economics , XLIII ( 3 ) : 396 – 411 .
   Google Scholar
• Dogan , E. and Fausten , D. 2003 . Productivity and technical change in Malaysian banking: 1989–1998 . Asia-Pacific Financial Markets , 10 ( 2–3 ) : 205 – 237 .
   Google Scholar
• Drake , L. , Hall , M. J.B. and Simper , R. 2006 . The impact of macroeconomic and regulatory factors on bank efficiency: A non-parametric analysis of Hong Kong's banking system . Journal of Banking and Finance , 30 ( 5 ) : 1443 – 1466 .
   Web of Science ®Google Scholar
• Färe , R. , Grosskopf , S. and Lovell , C. A.K. 1994a . Production frontiers , UK : Cambridge University Press .
   Google Scholar
• Färe , R. , Grosskopf , S. , Norris , M. and Zhang , Z. 1994b . Productivity growth, technical progress, and efficiency change in industrialized countries . American Economic Review , 84 ( 1 ) : 66 – 83 .
   Web of Science ®Google Scholar
• Farrell , M. J. 1957 . The measurement of productive efficiency . Journal of the Royal Statistical Society , 120 ( 3 ) : 252 – 290 .
   Google Scholar
• Fethi , M. D. and Pasiouras , F. 2010 . Assessing bank efficiency and performance with operational research and artificial intelligence techniques: A survey . European Journal of Operational Research , 204 ( 2 ) : 189 – 198 .
   Web of Science ®Google Scholar
• Gilbert , R. A. and Wilson , P. W. 1998 . Effects of deregulation on the productivity of Korean banks . Journal of Economics and Business , 50 ( 2 ) : 133 – 166 .
   Google Scholar
• Griffell-Tatjé , E. and Lovell , C. A.K. 1995 . A note on the Malmquist productivity index . Economics Letters , 47 ( 2 ) : 169 – 175 .
   Google Scholar
• Hao , J. , Hunter , W. C. and Yang , W. K. 2001 . Deregulation and efficiency: The case of private Korean banks . Journal of Economics and Business , 53 ( 2–3 ) : 237 – 254 .
   Google Scholar
• Hauner , D. 2005 . Explaining efficiency differences among large German and Austrian banks . Applied Economics , 37 ( 9 ) : 969 – 980 .
   Web of Science ®Google Scholar
• Howcroft , B. and Ataullah , A. 2006 . Total factor productivity change: An examination of the commercial banking industry in India and Pakistan . The Service Industries Journal , 26 ( 2 ) : 189 – 202 .
   Web of Science ®Google Scholar
• Iimi , A. 2004 . Banking sector reforms in Pakistan: Economies of scale and scope, and cost complementarities . Journal of Asian Economics , 15 ( 3 ) : 507 – 528 .
   Google Scholar
• Isik , I. and Hassan , M. K. 2002 . Technical scale and allocative efficiencies of Turkish banking industry . Journal of Banking and Finance , 26 ( 4 ) : 719 – 766 .
   Web of Science ®Google Scholar
• Isik , I. and Hassan , M. K. 2003 . Financial deregulation and total factor productivity change: An empirical study of Turkish commercial banks . Journal of Banking and Finance , 27 ( 8 ) : 1455 – 1485 .
   Web of Science ®Google Scholar
• Kumbhakar , S. C. and Wang , D. 2007 . Economic reforms, efficiency and productivity in Chinese banking . Journal of Regulatory Economics , 32 ( 2 ) : 105 – 129 .
   Web of Science ®Google Scholar
• Leightner , J. E. and Lovell , C. A.K. 1998 . The impact of financial liberalization on the performance of Thai banks . Journal of Economics and Business , 50 ( 2 ) : 115 – 131 .
   Google Scholar
• Mohieldin , M. Paper presented at the conference on financial development and competition in Egypt . Cairo. On bank market structure and competition in Egypt , Egypt
   Google Scholar
• Mukherjee , K. , Ray , S. C. and Miller , S. M. 2001 . Productivity growth in large US commercial banks: The initial post-deregulation experience . Journal of Banking and Finance , 25 ( 5 ) : 913 – 939 .
   Web of Science ®Google Scholar
• Pasiouras , F. 2008 . Estimating the technical and scale efficiency of Greek commercial banks: The impact of credit risk, off-balance sheet activities, and international operations . Research in International Business and Finance , 22 ( 3 ) : 301 – 318 .
   Google Scholar
• di Patti , E. B. and Hardy , D. C. 2005 . Financial sector reform, bank privatisation and efficiency: Evidence from Pakistan . Journal of Banking and Finance , 29 ( 8–9 ) : 2381 – 2406 .
   Web of Science ®Google Scholar
• Ray , S. C. and Desli , E. 1997 . Productivity growth, technical progress, and efficiency change in industrialized countries: Comment . American Economic Review , 87 ( 5 ) : 1033 – 1039 .
   Web of Science ®Google Scholar
• Rezitis , A. N. 2006 . Productivity growth in the Greek banking industry: A non-parametric approach . Journal of Applied Economics , IX ( 1 ) : 119 – 138 .
   Google Scholar
• Sathye , M. 2003 . Efficiency of banks in a developing economy: The case of India . European Journal of Operational Research , 148 ( 3 ) : 662 – 671 .
   Web of Science ®Google Scholar
• Sealey , C. W. and Lindley , J. T. 1977 . Inputs, outputs, and a theory of production and cost at depository financial institutions . Journal of Finance , 32 ( 4 ) : 1251 – 1266 .
   Web of Science ®Google Scholar
• Sturm , J. E. and Williams , B. 2004 . Foreign bank entry, deregulation and bank efficiency: Lessons from the Australian experience . Journal of Banking and Finance , 28 ( 7 ) : 1775 – 1799 .
   Web of Science ®Google Scholar
• Tsionas , E. G. , Lolos , S. E.G. and Christopoulos , D. K. 2003 . The performance of the Greek banking system in view of the EMU: Results from a non-parametric approach . Economic Modelling , 20 ( 3 ) : 571 – 592 .
   Web of Science ®Google Scholar
• Wang , M.-H. and Huang , T.-H. 2007 . A study on the persistence of Farrell's efficiency measure under a dynamic framework . European Journal of Operational Research , 180 ( 3 ) : 1302 – 1316 .
   Google Scholar
• Williams , J. and Nguyen , N. 2005 . Financial liberalisation, crisis, and restructuring: A comparative study of bank performance and bank governance in Southeast Asia . Journal of Banking and Finance , 29 ( 8–9 ) : 2119 – 2154 .
   Web of Science ®Google Scholar
• Zaim , O. 1995 . The effect of financial liberalization on the efficiency of Turkish commercial banks . Applied Financial Economics , 5 ( 4 ) : 257 – 264 .
   Google Scholar