Efficiency in Australian building societies: an econometric cost function approach
AbstractMaximum-likelihood estimates of a stochastic cost frontier function incorporating efficiency effects are obtained for 22 Australian building societies in the period 1992-1995. Cost inefficiency scores indicate that building societies' costs were 20% above what could be considered necessary. The results also indicate that capital adequacy restrictions are not a significant influence on the level of inefficiency, though branch and agency networks, asset size, and non-core commercial activities are. At the industry level that there has been an improvement in the level of cost efficiency of Australian building societies during the period in question.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Financial Economics.
Volume (Year): 8 (1998)
Issue (Month): 5 ()
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Web page: http://www.tandfonline.com/RAFE20
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- Andrew C. Worthington, 2010.
"Frontier Efficiency Measurement In Deposit-Taking Financial Mutuals: A Review Of Techniques, Applications, And Future Research Directions,"
Annals of Public and Cooperative Economics,
Wiley Blackwell, vol. 81(1), pages 39-75, 03.
- Andrew C. Worthington, 2009. "Frontier Efficiency Measurement in Deposit-taking Financial Mutuals: A Review of Techniques, Application, and Future Research Directions," Discussion Papers in Finance finance:200911, Griffith University, Department of Accounting, Finance and Economics.
- Charles C. Okeahalam, 2008. "Internationalisation and firm performance: Evidence from estimates of efficiency in banking in Namibia and Tanzania," Journal of International Development, John Wiley & Sons, Ltd., vol. 20(7), pages 942-964.
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