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Frontier Efficiency Measurement In Deposit-Taking Financial Mutuals: A Review Of Techniques, Applications, And Future Research Directions

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  • Andrew C. Worthington

Abstract

Despite the global importance of mutuals in financial services, and the universal need to measure and improve organizational efficiency in all deposit-taking institutions, it is only relatively recently that the most advanced econometric and mathematical programming frontier techniques have been applied. This paper provides a synoptic survey of the comparatively few empirical analyses of frontier efficiency measurement in deposit-taking financial mutuals, comprising savings and loans, building societies and credit unions in Australia, the UK, and the USA. Both estimation and measurement techniques and the determinants of efficiency are examined. Particular focus is placed on how the results of these studies may help inform regulatory policy and managerial behaviour. Copyright � 2010 The Author Journal compilation � CIRIEC 2010.

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Article provided by Wiley Blackwell in its journal Annals of Public and Cooperative Economics.

Volume (Year): 81 (2010)
Issue (Month): 1 (03)
Pages: 39-75

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Handle: RePEc:bla:annpce:v:81:y:2010:i:1:p:39-75

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Cited by:
  1. Malcolm Abbott & Su Wu & Wei Wang, 2013. "The productivity and performance of Australia’s major banks since deregulation," Journal of Economics and Finance, Springer, vol. 37(1), pages 122-135, January.
  2. Helen Higgs & Andrew C. Worthington, 2010. "Economies of Scale and Scope in Australian Superannuation Funds," Discussion Papers in Finance finance:201015, Griffith University, Department of Accounting, Finance and Economics.

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