1,010
Views
77
CrossRef citations to date
0
Altmetric
Original Articles

Efficiency and productivity change in UK banking

Pages 557-571 | Published online: 07 Oct 2010

References

  • Aly , Y. Hassan , Grabowski , R. , Pasurka , C. and Rangan , N. 1990 . Technical, scale and allocative efficiencies in US banking: an empirical investigation . Review of Economics and Statistics , 72 : 211 – 218 .
  • Banker , R. D. , Charnes , A. and Cooper , W. W. 1984 . Some models for estimating technical and scale efficiencies in data envelopment analysis . Management Science , 30 : 1078 – 1092 .
  • Berg , S. A. , Forsund , F. R. and Jansen , E. S. 1992 . Malmquist indices of productivity growth during the deregulation of Norwegian banking, 1980–1989 . Scandinavian Journal of Economics , 94 : s211 – s228 .
  • Berg , S. A. , Forsund , F. R. , Hjalmarrsson , L. and Suominen , M. 1993 . Banking efficiency in the Nordic countries . Journal of Banking and Finance , 17 : 371 – 388 .
  • Berger , A. N. , Hanweck , G. A. and Humphrey , D. B. 1987 . Competitive viability in banking: scale, scope and product mix economies in banking . Journal of Monetary Economics , 20 : 501 – 520 .
  • Berger , A. N. and Humphrey , D. B. 1991 . The dominance of inefficiencies over scale and product mix economies in banking . Journal of Monetary Economics , 28 : 117 – 148 .
  • Berger , A. N. and Humphrey , D. B. 1997 . Efficiency of financial institutions: international survey and directions for future research . European Journal of Operational Research , 98 : 175 – 212 .
  • Berger , A. N. and DeYoung , R. 1997 . Problem loans and cost efficiency in commercial banks . Journal of Banking and Finance , 21 : 849 – 870 .
  • Berger , A. N. and Mester , L. J. 1997 . Inside the black box: what explains differences in the efficiencies of financial institutions . Journal of Banking and Finance , 21 : 895 – 947 .
  • Berger , A. N. , Hunter , W. C. and Timme , S. G. 1993a . The efficiency of financial institutions: a review and preview of research, past, present, and future . Journal of Banking and Finance , 17 : 221 – 249 .
  • Berger , A. N. , Hancock , D. and Humphrey , D. B. 1993b . Bank efficiency derived from the profit function . Journal of Banking and Finance , 17 : 317 – 348 .
  • Caves , D. W. , Christensen , L. R. and Diewert , W. E. 1982 . The economic theory of index numbers and the measurement of input, output and productivity . Econometrica , 50 : 1393 – 1414 .
  • Charnes , A. , Cooper , W. W. and Rhodes , E. 1978 . Measuring the efficiency of decision making units . European Journal of Operational Research , 2 : 429 – 444 .
  • Charnes , A. , Cooper , W. W. , Huang , Z. M. and Sin , D. B. 1990 . Polyhedral cone-ratio DEA models with an illustrative application to large commercial banks . Journal of Econometrics , 46 ( 1/2 ) : 73 – 91 .
  • Colwell , R. J. and Davis , E. P. 1992 . Output, productivity and externalities - the case of banking , Working Paper Series no. 3 Bank of England . August 1992
  • Drake , L. M. 1989 . The Building Society Industry in Transition , London : Macmillan .
  • Drake , L. M. 1992 . Economies of scale and scope in UK building societies: an application of the translog multi-product cost function . Applied Financial Economics , 2 : 211 – 219 .
  • Drake , L. M. 1995 . Testing for expense preference behaviour in UK building societies: the implications for measures of scale and scope economies . The Services Industries Journal , 15 : 50 – 65 .
  • Drake , L. M. and Weyman-Jones , T. G. 1992 . Technical and scale efficiencies in UK building societies . Applied Financial Economics , 2 : 1 – 9 .
  • Drake , L. M. and Howcroft , B. 1994 . Relative efficiency in the branch network of a UK bank: an empirical study . Omega, International Journal of Management Science , 22 : 83 – 90 .
  • Drake , L. M. and Weyman-Jones , T. G. 1996 . Productive and allocative inefficiencies in UK building societies: a comparison of non-parametric arid stochastic frontier techniques . The Manchester School , 64 : 22 – 37 .
  • Drake , L. M. 1997 . The Economics of Mutuality , LUBC-BSA Project Paper No 3 London : BSA .
  • Elyasiani , E. and Mehdian , S. 1995 . The comparative efficiency performance of small and large US commercial banks in the pre- and post-deregulation eras . Applied Financial Economics , 27 : 1069 – 1079 .
  • Fare , R. , Grosskopf , S. and Lovell , C. A. K. 1985 . The Measurement of Efficiency of Production , Boston : Kluwer Nijhoff Publishing .
  • Fare , R. , Grosskopf , S. , Yaisawarng , G. , Li , S. K. and Wang , Z. 1990 . Productivity growth in Illinois electric utilities . Resources and Energy , 12 : 383 – 398 .
  • Farrell , M. J. 1957 . The measurement of productive efficiency . Journal of the Royal Statistical Society, series A , CXX : 253 – 281 .
  • Ferrier , G. D. and Lovell , C. A. K. 1990 . Measuring cost efficiency in banking: econometric and linear programming evidence . Journal of Econometrics , 46 : 229 – 245 .
  • Ferrier , G. D. , Grosskopf , S. , Haynes , K. J. and Yaisawarng , G. 1993 . Economies of diversification in the banking industry . Journal of Monetary Economics , 31 : 229 – 245 .
  • Field , K. 1990 . Production efficiency of British building societies . Applied Economics , 22 : 415 – 426 .
  • Fukuyama , H. 1993 . Technical and scale efficiency in Japanese commercial banks: a non-parametric approach . Applied Economics , 25 : 1101 – 1112 .
  • Gilligan , T. W. , Smirlock , M. L. and Marshall , W. 1984 . Scale and Scope Economies in the Multiproduct Banking Firm . Journal of Monetary Economics , 13 : 393 – 405 .
  • Hardwick , P. 1989 . Economies of scale in building societies . Applied Economics , 21 : 1291 – 1304 .
  • Hardwick , P. 1990 . Multi-product cost attributes: a study of UK building societies . Oxford Economic Papers , 42 : 446 – 461 .
  • Hermalin , B. E. and Wallace , N. E. 1994 . The determinants of efficiency and solvency in savings and loans . RAND Journal of Economics , 25 : 361 – 381 .
  • Hunter , W. C. and Timme , S. G. 1995 . Core deposits and physical capital: a re-examination of bank scale economies and efficiency with quasi-fixed assets . Journal of Money, Credit and Banking , 27 : 165 – 185 .
  • Llewellyn , D. T. 1997 . Reflections on the mutuality v. conversion debate , LUBC-BSA Project Paper No 1 London : BSA .
  • Llewellyn , D. T. 1997 . The mutuality v. conversion debate , LUBC-BSA Project Paper No 2 London : BSA .
  • Lovell , C. A. K. 1993 . “ Production frontiers and production efficiency ” . In The Measurement of Productive Efficiency , Edited by: Fried , Harold O. , Lovell , C. A. K. and Schmidt , Shelton S. New York : Oxford University Press .
  • Mester , L. J. 1987 . A multiproduct cost study of savings and loans . Journal of Finance , 42 : 423 – 445 .
  • Mester , L. J. 1993 . Efficiency in the savings and loan industry . Journal of Banking and Finance , 17 : 267 – 286 .
  • Miller , S. M. and Noulas , A. G. 1996 . The technical efficiency of large bank production . Journal of Banking and Finance , 20 : 495 – 509 .
  • Mitchell , K. and Onvural , N. M. 1996 . Economies of scale and scope at large commercial banks: evidence from the Fourier flexible functional form . Journal of Money Credit and Banking , 28 : 178 – 199 .
  • Piesse , J. and Townsend , R. 1995 . The measurement of productive efficiency in UK building societies . Applied Financial Economics , 5 : 397 – 407 .
  • Rangan , N. , Hassan , Y. A. , Pasurka , C. and Grabowski , R. 1988 . The technical efficiency of US banks . Economic Letters , 28 : 169 – 175 .
  • 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 : 1251 – 1266 .
  • Sherman , H. D. and Gold , F. 1985 . Bank branch operation efficiency: evaluation with data envelopment analysis . Journal of Finance , 9 : 297 – 316 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.