227
Views
4
CrossRef citations to date
0
Altmetric
Regular Articles

How Do Bank Features and Global Crises Affect Scale Economies? Evidence from the Banking Sectors of Oil-Rich GCC Emerging Markets

, &

References

  • Aghimien, P. A., F. Kamarudin, M. Hamid, and B. Noordin. 2016. Efficiency of gulf cooperation council banks. Review of International Business and Strategy 26 (1):118–36. doi:10.1108/RIBS-11-2013-0111.
  • Altunbas, Y., E. P. M. Gardener, P. Molyneux, and B. Moore. 2001. Efficiency in European banking. European Economic Review 45:1931–55. doi:10.1016/S0014-2921(00)00091-X.
  • Altunbas, Y., and P. Molyneux. 1996. Economies of scale and scope in European banking. Applied Financial Economics 6:367–75. doi:10.1080/096031096334187.
  • Bahrini, R. 2017. Efficiency analysis of islamic banks in the Middle East and North Africa Region: A bootstrap DEA approach. International Journal of Financial Studies, MDPI, Open Access Journal 5(1):1–14, February.
  • Beccalli, E., M. Anolli, and G. Borello. 2015. Are European banks too big? Evidence on economies of scale. Journal of Banking & Finance 58:232–46. doi:10.1016/j.jbankfin.2015.04.014.
  • Berger, A. N., G. Hanweck, and D. Humphrey. 1987. Competitive viability in banking: Scale, scope and product mix economies. Journal of Monetary Economics 20:501–20. doi:10.1016/0304-3932(87)90039-0.
  • Berger, A. N., and L. J. Mester. 1997. Efficiency and productivity change in the U.S. commercial banking industry: A comparison of the 1980’s and 1990’s. Working Paper, Federal Reserve Bank of Philadelphia, 5, May. Philadelphia, Pennsylvania.
  • Berger, A. N., and L. J. Mester. 2003. Explaining the dramatic changes in performance of US banks: Technological change, deregulation, and dynamic changes in competition. Journal of Financial Intermediation 12:57–95. doi:10.1016/S1042-9573(02)00006-2.
  • Bertay, A. C., A. Demirgüç-Kunt, and H. Huizinga. 2013. Do we need big banks? Evidence on performance, strategy and market discipline. Journal of Financial Intermediation 22 (4):532–58. doi:10.1016/j.jfi.2013.02.002.
  • Borenstein, M., L. V. Hedges, and J. P. Higgins. 2010. A basic introduction to fixed-effect and random-effects models for meta-analysis. Research Synthesis Methods. wileyonlinelibarary.com.
  • Bossone, B., and J.-K. Lee. 2004. In finance, size matters: The ‘Systemic scale economies’ Hypothesis. IMF Staff Papers, 51 (1), IMF, Washington, D.C.
  • Brambor, T., W. R. Clark, and M. Golder. 2006. Understanding interaction models: Improving empirical analysis. Political Analysis 14:63–82. doi:10.1093/pan/mpi014.
  • Chapra, U. 2011. The global financial crisis: Some suggestions for reform of the global financial architecture in the light of islamic finance. Wiley Online Library. wileyonlinelibrary.com.
  • Chapra, U. 2017. The looming international financial crisis: can the introduction of risk sharing in the financial system as required by islamic finance, play a positive role in reducing its severity? Islamic Economic Studies 25(2):1–13, July. doi:10.12816/0038220.
  • Clark, J. 1984. Estimation of economy of scale in banking using a generalized functional form. Journal of Money, Credit and Banking 16:53–68. doi:10.2307/1992648.
  • Davies, R., and B. Tracey. 2014. Too big to be efficient? The impact of implicit subsidies on estimates of scale economies for banks. Journal of Money, Credit and Banking 46 (S1):219–53. doi:10.1111/jmcb.12088.
  • DeYoung, R., and C. Jiang 2013. Economies of scale and the economic role of banks. Working Paper, University of Limoges, France, May 27.
  • Dijkstra, M. A. 2013. Economies of scale and scope in the european banking sector 2002-2011. Amsterdam Law School Research Paper.
  • Drake, L. 1992. Economies of scale and scope in UK building societies: An application of the translog multiproduct cost function. Applied Financial Economics 2:211–19. doi:10.1080/758527103.
  • European Commission. 1997. Impact on Services: Credit institutions and banking. Single Market Review, subseries II, vol 4., Office for Official Publications of the European Communities and Kogan Page Easrthscan, London.
  • Evanoff, D., and R. Israilevich. 1991. Productive efficiency in banking. Economic Perspective, Federal Reserve of Chicago 15:11–32.
  • Feng, G., and A. Serletis. 2010. Efficiency, technical change, and returns to scale in large US banks: Panel data evidence from an output distance function satisfying theoretical regularity. Journal of Banking & Finance 34:127–38. doi:10.1016/j.jbankfin.2009.07.009.
  • Gambacorta, L., and A. Van Rixtel. 2013. Structural bank regulation initiative: Approaches and implications. BIS Working Papers 412, April, Basel.
  • Gilbert, R. 1984. Bank market structure and competition: A survey. Journal of Money, Credit and Banking 16:617–60. doi:10.2307/1992096.
  • Girardone, C., P. Molyneux, and E. P. M. Gardener. 2004. Analysing the determinants of bank efficiency: The case of Italian banks. Applied Economics 36:215–27. doi:10.1080/0003684042000175334.
  • Granger, C. W. J., and P. Newbold. 1986. Forecasting economic time series. California: Academic Press Inc.
  • Hardwick, P. 1990. Multi-product cost attributes: A study of UK building societies. Oxford Economic Papers 42:446–61. doi:10.1093/oxfordjournals.oep.a041956.
  • Hasan, M., and J. Dridi. 2010. The effects of the global crisis on islamic and conventional banks: A comparative Study. IMF, WP/10/201, September.
  • Herring, R., and J. Carmassi. 2010. The corporate structure of international financial conglomerates: Complexity and its implications for safety and soundness. In The Oxford handbook of banking, ed. A. N. Berger, P. Molyneux, and J. O. S. Wilson, 195–230. Oxford, New York: Oxford University Press.
  • Hughes, J. P., and L. J. Mester. 2010. Efficiency in banking: Theory, practice, and evidence. In The Oxford handbook of banking, ed. A. Berger, P. Molyneux, and J. O. S. Wilson, 463–485. Oxford, New York: Oxford University Press.
  • Hughes, J. P., and L. Mester. 1993. A quality and risk-adjusted cost function for banks: Evidence on the ‘too-big-to-fail’ doctrine. Journal of Productivity Analysis 4:293–315. doi:10.1007/BF01073414.
  • Hughes, J. P., and L. Mester. 1998. Bank capitalization and cost: Evidence of scale economies in risk management and signaling. Review of Economics and Statistics 80:314–25. doi:10.1162/003465398557401.
  • Hughes, J. P., and L. J. Mester. 2011. Who said large banks don’t experience scale economies? Evidence from a risk-return driven cost function. Working Paper, No. 11-27, Federal Reserve Bank of Philadelphia.
  • Hughes, J. P., and L. J. Mester. 2013. Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function. Journal of Financial Intermediation 22:559–85. doi:10.1016/j.jfi.2013.06.004.
  • Hughes, J. P., W. Lang, L. J. Mester, and C.-G. Moon. 1995. Efficient banking under interstate branching. Journal of Money, Credit and Banking 28:1045–71. doi:10.2307/2077940.
  • Hughes, J. P., W. Lang, L. J. Mester, and C.-G. Moon. 2000. Recovering risky technologies using the almost ideal demand system: An application to U.S. banking. Journal of Financial Services Research 18:5–27. doi:10.1023/A:1026554922476.
  • Hughes, J. P., L. J. Mester, and C. -G. Moon. 2001. Are scale economies in banking elusive or illusive? Evidence obtained by incorporating capital structure and risk-taking into models of bank production. Journal of Banking And Finance 25:2169–2208.
  • Hunter, W., and S. Timme. 1986. Technical change, organizational form and the structure of bank production. Journal of Money, Credit and Banking 18:152–66. doi:10.2307/1992199.
  • Hunter, W. C., S. G. Timme, and W. K. Yang. 1990. An examination of cost subadditivity and multiproduct production in large U.S. Banks. Journal of Money, Credit & Banking (Ohio State University Press) 22:504–25. doi:10.2307/1992434.
  • Jagtiani, J., and A. Khanthavit. 1996. Scale and scope economies at large banks: Including off-balance sheet products and regulatory effects (1984–1991). Journal of Banking & Finance 20:1271–87. doi:10.1016/0378-4266(95)00048-8.
  • Lang, G., and P. Welzel. 1996. Efficiency and technical progress in banking: Empirical results for a panel of german cooperative banks. Journal of Banking & Finance 20:1003–23.
  • McKillop, D. G., and J. C. Glass. 1994. A cost model of building societies as produces of mortgages and other financial products.”. Journal of Business, Finance and Accounting 217:1031–46. doi:10.1111/j.1468-5957.1994.tb00362.x.
  • Mester, L. J. 1992. Traditional and nontraditional banking: An information-theoretic approach. Journal of Banking & Finance 16:545–66. doi:10.1016/0378-4266(92)90044-Z.
  • Molyneux, P., K. Schaeck, and T. M. Zhou. 2014. Too systemically important to fail’ in banking – Evidence from bank mergers and acquisitions. Journal of International Money and Finance 49, Part B 258–82. doi:10.1016/j.jimonfin.2014.03.006.
  • Molyneux, P., and M. Iqbal. 2005. Banking and financial systems in the Arab World, 10010. New York, N.Y: textbook published by Palgrave Macmillan.
  • Saif, I. 2009. The oil boom in the GCC countries,,2002-2008: Old challenges and changing dynamics. Carnegie Papers, Carnegie Middle East Center, Number 15, March, 1–29.
  • Schmid, M. M., and I. Walter. 2009. Do financial conglomerates create or destroy economic value? Journal of Financial Intermediation 18:193–216. doi:10.1016/j.jfi.2008.07.002.
  • Sealey, C. W., and J. T. Lindley. 1977. Inputs, outputs, and a theory of production and cost at depository financial institutions. The Journal of Finance 32:1251–66. doi:10.1111/j.1540-6261.1977.tb03324.x.
  • Shaffer, S., and E. David. 1991. Economies of superscale in commercial banking. Applied Economics 23:283–93. doi:10.1080/00036849100000135.
  • Vennet, V. 2002. Cost and profit efficiency of financial conglomerates and universal banks in Europe. Journal of Money, Credit and Banking 34:254–82.
  • Veronesi, P., and L. Zingales. 2010. Paulson’s gift. Journal of Financial Economics 97:339–68. doi:10.1016/j.jfineco.2010.03.011.
  • Wheelock, D. C., and P. W. Wilson. 2012. Do large banks have lower costs? New estimates of returns to scale for U.S. Banks. Journal of Money, Credit and Banking 44:171–99. doi:10.1111/jmcb.2012.44.issue-1.

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.