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Large Bank Efficiency in Europe and the United States: Are There Economic Motivations for Geographic Expansion in Financial Services?

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Author Info
Jaap W. B. Bos (Utrecht University)
James W. Kolari (Texas A&M University)

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Abstract

This paper employs stochastic frontier cost and profit models to estimate the efficiency of multibillion dollar European and U.S. banks. Empirical results suggest that both large European and U.S. banks have decreasing (increasing) cost (profit) returns to scale. Also, large banks in Europe and the United States similarly exhibit increasing returns to scale and decreasing (increasing) scope economies for the cost (profit) model. However, large U.S. banks have higher average profit efficiency than European banks on average. We conclude potential efficiency gains are possible via geographic expansion of large European and U.S. banks.

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File URL: http://www.journals.uchicago.edu/cgi-bin/resolve?JB780414
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Publisher Info
Article provided by University of Chicago Press in its journal Journal of Business.

Volume (Year): 78 (2005)
Issue (Month): 4 (July)
Pages: 1555-1592
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Handle: RePEc:ucp:jnlbus:v:78:y:2005:i:4:p:1555-1592

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  1. Chakraborty, Suparna & Allen, Linda, 2007. "Revisiting the Level Playing Field: International Lending Responses to Divergences in Japanese Bank Capital Regulations from the Basel Accord," MPRA Paper 1805, University Library of Munich, Germany. [Downloadable!]
  2. Bleuel, Hans-H., 2009. "The German banking system and the global financial crisis: causes, developments and policy responses," Duesseldorf Working Papers in Applied Management and Economics fobe08, Duesseldorf University of Applied Sciences. [Downloadable!]
  3. Marc Pomp & M. Bijlsma & Machiel van Dijk & Michiel van Leuvensteijn & C. Zonderland, 2005. "Competition in markets for life insurance," CPB Documents 96, CPB Netherlands Bureau for Economic Policy Analysis. [Downloadable!]
  4. Dan Luo & Shujie Yao, . "World Financial Crisis and the Rise of Chinese Commercial Banks," Discussion Papers 09/08, University of Nottingham, GEP. [Downloadable!]
  5. Jaap W. B. Bos & Heiko Schmiedel, 2006. "Is there a single frontier in a single European banking market?," Working Paper Series 701, European Central Bank. [Downloadable!]
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  6. Jaap Bikker & Michiel van Leuvensteijn, 2005. "An Exploration into Competition and Efficiency in the Dutch Life Insurance Industry," DNB Working Papers 047, Netherlands Central Bank, Research Department. [Downloadable!]
  7. Michael Koetter, 2005. "Evaluating the German Bank Merger Wave," Working Papers 05-16, Utrecht School of Economics. [Downloadable!]
    Other versions:
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