References
- Aigner , D. , Lovell , C. A. and Schmidt , P. 1977 . Formulation and estimation of stochastic frontier production function models . Journal of Econometrics , 6 : 21 – 37 .
- Alien , L. and Rai , A. 1996 . Operational efficiency in banking: an international comparison . Journal of Banking and Finance , 20 : 655 – 672 .
- Benston , G. , Hanweck , G. and Humphrey , D. 1982 . Scale economies in banking: a restructuring and reassessment . Journal of Money, Credit and Banking , 14 : 435 – 456 .
- Berg , S. and Kim , M. 1994 . Oligopolist interdependence and the structure of production in banking: an empirical evaluation . Journal of Money, Credit and Banking , 26 : 309 – 322 .
- Bergei , A. 1993 . Distribution-free estimates of efficiency in the US banking industry and tests of the standard distributional assumptions . Journal of Productivity Analysis , 4 ( 3 ) : 261 – 292 .
- Berger , A. , Hanweck , G. and Humphrey , D. 1987 . Competitive viability in banking: scale, scope and product mix economies . Journal of Monetary Economics , 20 : 501 – 520 .
- Berger , A. , Hunter , W. and Timme , S. 1993 . The efficiency of financial institutions: a review and preview of research past, present and future . Journal of Banking and Finance , 17 : 221 – 250 .
- Cebonoyan , A. , Cooperman , E. , Register , C. and Hudgyns , S. 1993 . The relative efficiency of stock vefsus mututal S & L's: a stochastic cost frontier approach . Journal of Financial Services Research , : 151 – 170 .
- Clark , J. 1988 . Economies of scale and scope at depository financial institutions: a review of the literature . Economic Review , September/October : 16 – 33 . Federal Reserve Bank of Kansas City
- Clark , J. 1996 . Economic cost, scale efficiency and competitive viability in banking . Journal of Money, Credit and Banking , 28 : 342 – 364 .
- Colwell , R. J. and Davis , E. P. 1992 . Output and productivity in banking . Scandinavian Journal of Economics , 94 : 111 – 129 . Supplement
- DeYoung , R. 1997 . Comment on: ‘Operational efficiency in banking: an international comparison’ . Journal of Banking and Finance , 21 : 1325 – 1329 .
- Diewert , E. 1971 . An application of the Shepherd duality theorem: a generalized Leontief production function . Journal of Political Economy , : 481 – 507 .
- Eckard , E. W. 1992 . Cost competition: new evidence on an old issue . Applied Economics , 24 : 1241 – 1250 .
- Evanoff , D. and Israilevich , P. 1991 . Productive efficiency in banking . Economic Review , July/August : 11 – 32 . Federal Reserve Bank of Chicago
- Fare , R. and Lovell , C. 1978 . Measuring the technical efficiency of production . Journal of Economic Theory , 19 : 150 – 162 .
- Farrel , M. 1957 . The measurement of productive efficiency . Journal of the Royal Statistical Society , 120 : 253 – 281 .
- Forestieri , G. 1993 . “ Economies of scale and scope in the financial services industry: a review of the literature ” . In Financial Conglomerates , Paris : OECD .
- Forsund , F. , Lovell , C. and Schmidt , P. 1980 . A survery of frontier production functions and of their relationship to efficiency measurement . Journal of Econometrics , 13 : 5 – 25 .
- Greene , W. 1982 . Maximum likelihood estimation of stochastic frontier production models . Journal of Econometrics , 18 : 285 – 289 .
- Greene , W. 1993 . “ The econometric approach to efficiency analysis ” . In The Measurement of Productive Efficiency: Techniques and Applications , Edited by: Fried , Lovell and Schmidt . Oxford : Oxford University Press .
- Hancock , D. 1991 . A Theory of Production for the Financial Firm , Boston : Kluwer .
- Hardwick , P. 1997 . Measuring cost inefficiency in the UK life insurance industry . Applied Financial Economics , 7 : 37 – 44 .
- Humphrey , D. 1992 . Flow versus stock measures of banking output: effects on productivity and scale economy measurement . Journal of Financial Services Research , 6 : 115 – 135 .
- Jondrow , J. , Lovell , C. , Materov , I. and Schmidt , P. 1982 . On the estimation of technical inefficiency in the stochastic frontier production function model . Journal of Econometrics , 19 : 233 – 238 .
- Lovell , C. K. 1993 . “ Production frontiers and productive efficiency ” . In The Measurement of Productive Efficiency: Techniques and Applications , Edited by: Fried , Lovell and Schmidt . 3 – 67 . Oxford : Oxford University Press .
- Kim , M. 1986 . Banking technology and the existence of a consistent output aggregate . Journal of Monetary Economics , 18 : 181 – 195 .
- Kolari , J. and Zardkoohi , A. 1987 . Bank Costs, Structure and Performance , Lexington Books .
- Kopp , R. and Diewert , W. 1982 . The decomposition of frontier cost function deviations into measures of technical and allocative efficiency . Journal of Econometrics , 19 : 319 – 331 .
- Mendes , V. 1991 . Scale and scope economies in Portuguese commercial banking: the years 1965-88 . Economica , 15 : 453 – 490 .
- Mester , L. 1993 . Efficiency in the savings and loan industry . Journal of Banking and Finance , 17 : 267 – 286 .
- Panzar , J. and Willig , R. 1981 . Economies of scope . American Economic Review , 71 : 268 – 272 .
- Pulley , L. and Humphrey , D. 1993 . The role of fixed costs and cost complementarities in determining scope economies and the cost of narrow bank proposals . Journal of Business , 66 : 437 – 462 .
- Sealey , C. W. and Lindley , J. 1977 . Inputs, outputs and a theory of production and cost at depositary financial institutions . Journal of Finance , 34 : 1251 – 1265 .
- Shepherd , R. 1953 . Cost and Production Functions , Princeton : Princeton University Press .
- Shepherd , R. 1970 . Theory of Cost and Production Functions , Princeton : Princeton University Press .
- Waldman , D. 1978 . Estimation in economic frontier functions , University of Wisconsin . mimeo
- Waldman , D. 1982 . A stationary point for the stochastic frontier likelihood . Journal of Econometrics , 18 : 277 – 284 .
- White , H. 1982 . Maximum likelihood estimation of misspecified models . Econometrica , 50 : 1 – 26 .