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Explaining efficiency differences among large German and Austrian banks

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David Hauner

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Abstract

Cost-efficiency, scale efficiency, and productivity change are estimated by data envelopment analysis; and cost-efficiency is regressed on explanatory variables. No evidence is found for average productivity responding to deregulation over the period studied. State-owned banks are found to be more cost-efficient (likely owing to cheaper funds) and cooperative banks to be about as cost-efficient as private banks. Increasing economies of scale but decreasing economies of scope provide rationale for M&As among banks with similar product portfolios. Interbank and capital market funding is found to be more cost-efficient than deposits when the cost of retail networks is controlled.

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Article provided by Taylor and Francis Journals in its journal Applied Economics.

Volume (Year): 37 (2005)
Issue (Month): 9 (May)
Pages: 969-980
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Handle: RePEc:taf:applec:v:37:y:2005:i:9:p:969-980

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Grifell-Tatje, E. & Lovell, C. A. K., 1997. "The sources of productivity change in Spanish banking," European Journal of Operational Research, Elsevier, vol. 98(2), pages 364-380, April. [Downloadable!] (restricted)
  2. Allen N. Berger & Loretta J. Mester, 1997. "Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions?," Center for Financial Institutions Working Papers 97-04, Wharton School Center for Financial Institutions, University of Pennsylvania. [Downloadable!]
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  3. Mukherjee, Kankana & Ray, Subhash C. & Miller, Stephen M., 2001. "Productivity growth in large US commercial banks: The initial post-deregulation experience," Journal of Banking & Finance, Elsevier, vol. 25(5), pages 913-939, May. [Downloadable!] (restricted)
  4. Favero, Carlo A & Papi, Luca, 1995. "Technical Efficiency and Scale Efficiency in the Italian Banking Sector: A Non-parametric Approach," Applied Economics, Taylor and Francis Journals, vol. 27(4), pages 385-95, April.
  5. Vander Vennet, Rudi, 2002. "Cost and Profit Efficiency of Financial Conglomerates and Universal Banks in Europe," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(1), pages 254-82, February.
  6. Allen, Linda & Rai, Anoop, 1996. "Operational efficiency in banking: An international comparison," Journal of Banking & Finance, Elsevier, vol. 20(4), pages 655-672, May. [Downloadable!] (restricted)
  7. Allen N. Berger & Timothy H. Hannan, 1998. "The Efficiency Cost Of Market Power In The Banking Industry: A Test Of The "Quiet Life" And Related Hypotheses," The Review of Economics and Statistics, MIT Press, vol. 80(3), pages 454-465, August. [Downloadable!] (restricted)
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  8. Altunbas, Yener & Evans, Lynne & Molyneux, Philip, 2001. "Bank Ownership and Efficiency," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(4), pages 926-54, November.
  9. George Sheldon, 1994. "Nichtparametrische Messung des technischen Fortschritts im Schweizer Bankensektor," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 130(IV), pages 691-707, December. [Downloadable!]
  10. Lang, Gunter & Welzel, Peter, 1996. "Efficiency and technical progress in banking Empirical results for a panel of German cooperative banks," Journal of Banking & Finance, Elsevier, vol. 20(6), pages 1003-1023, July. [Downloadable!] (restricted)
  11. Berger, Allen N. & Humphrey, David B., 1991. "The dominance of inefficiencies over scale and product mix economies in banking," Journal of Monetary Economics, Elsevier, vol. 28(1), pages 117-148, August. [Downloadable!] (restricted)
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  12. Pastor, Jose M, 2002. "Credit Risk and Efficiency in the European Banking System: A Three-Stage Analysis," Applied Financial Economics, Taylor and Francis Journals, vol. 12(12), pages 895-911, December. [Downloadable!] (restricted)
  13. Seiford, Lawrence M. & Thrall, Robert M., 1990. "Recent developments in DEA : The mathematical programming approach to frontier analysis," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 7-38. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Darold T. Barnum & John M. Gleason, 2006. "Biases in technical efficiency scores caused by intra-input aggregation: mathematical analysis and a DEA application using simulated data," Applied Economics, Taylor and Francis Journals, vol. 38(14), pages 1593-1603, August. [Downloadable!] (restricted)
  2. Nancy Y. C. Kong & Jose Tongzon, 2006. "Estimating total factor productivity growth in Singapore at sectoral level using data envelopment analysis," Applied Economics, Taylor and Francis Journals, vol. 38(19), pages 2299-2314, October. [Downloadable!] (restricted)
  3. David Hauner, 2007. "Benchmarking the Efficiency of Public Expenditure in the Russian Federation," IMF Working Papers 07/246, International Monetary Fund. [Downloadable!]
  4. Christian von Hirschhausen & Astrid Cullmann & Andreas Kappeler, 2006. "Efficiency analysis of German electricity distribution utilities -- non-parametric and parametric tests," Applied Economics, Taylor and Francis Journals, vol. 38(21), pages 2553-2566, December. [Downloadable!] (restricted)
  5. David Hauner & Shanaka J. Peiris, 2006. "Bank Efficiency and Competition in Low-Income Countries: The Case of Uganda," IMF Working Papers 05/240, International Monetary Fund. [Downloadable!]
  6. Carlos Pestana Barros & Stephanie Leach, 2006. "Performance evaluation of the English Premier Football League with data envelopment analysis," Applied Economics, Taylor and Francis Journals, vol. 38(12), pages 1449-1458, July. [Downloadable!] (restricted)
  7. Bos, Jaap W. B. & Heid, Frank & Koetter, Michael & Kolari, James W. & Kool, Clemens J. M., 2005. "Inefficient or just different? Effects of heterogeneity on bank efficiency scores," Discussion Paper Series 2: Banking and Financial Studies 2005,15, Deutsche Bundesbank, Research Centre. [Downloadable!]
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