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A Profit Efficiency Perspective on the Future Strategic Positioning of the Portuguese Banks

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Author Info
Joana Resende () (CETE, Faculdade de Economia, Universidade do Porto)
Elvira Silva () (CETE, Faculdade de Economia, Universidade do Porto)

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Abstract

The Portuguese banking sector has been recently subjected to important structural changes. The diversification of the supply of financial services, the specialization phenomena and the growing importance of new technologies are changing the sector dramatically. A profit perspective is used to investigate the efficiency performance of the commercial banking sector in Portugal in the period 2000-2004 and infer some implications for the banks´ management strategic orientation. The Nerlovian and an alternative profit efficiency measures are used, illustrating the potentialities of the directional distance functions to the profit efficiency analysis. A decomposition of the alternative profit efficiency measure is also proposed.

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Publisher Info
Paper provided by Universidade do Porto, Faculdade de Economia do Porto in its series CETE Discussion Papers with number 0702.

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Length: 31 pages
Date of creation: Mar 2007
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Handle: RePEc:por:cetedp:0702

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Related research
Keywords: Banking Nerlovian profit efficiency alternative profit efficiency directional distance functions

Find related papers by JEL classification:
C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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References listed on IDEAS
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  1. 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!]
    Other versions:
  2. Allen N. Berger & David B. Humphrey, 1997. "Efficiency of financial institutions: international survey and directions for future research," Finance and Economics Discussion Series 1997-11, Board of Governors of the Federal Reserve System (U.S.). [Downloadable!]
    Other versions:
  3. 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.
  4. Fare, Rolf & Grosskopf, Shawna, 1997. "Profit efficiency, Farrell decompositions and the Mahler inequality1," Economics Letters, Elsevier, vol. 57(3), pages 283-287, December. [Downloadable!] (restricted)
  5. Chambers, Robert G. & Chung, Yangho & Fare, Rolf, 1996. "Benefit and Distance Functions," Journal of Economic Theory, Elsevier, vol. 70(2), pages 407-419, August. [Downloadable!] (restricted)
  6. Berger, Allen N. & Hancock, Diana & Humphrey, David B., 1993. "Bank efficiency derived from the profit function," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 317-347, April. [Downloadable!] (restricted)
  7. Fernandez de Guevara, Juan & Maudos, Joaquin, 2002. "Inequalities in the Efficiency of the Banking Sectors of the European Union," Applied Economics Letters, Taylor and Francis Journals, vol. 9(8), pages 541-44, June. [Downloadable!] (restricted)
  8. Rolf Färe & Shawna Grosskopf & William L. Weber, 2004. "The effect of risk-based capital requirements on profit efficiency in banking," Applied Economics, Taylor and Francis Journals, vol. 36(15), pages 1731-1743, August. [Downloadable!] (restricted)
  9. Mendes, Victor & Rebelo, Joao, 1999. "Productive Efficiency, Technological Change and Productivity in Portuguese Banking," Applied Financial Economics, Taylor and Francis Journals, vol. 9(5), pages 513-21, October. [Downloadable!] (restricted)
  10. Rogers, Kevin E., 1998. "Nontraditional activities and the efficiency of US commercial banks," Journal of Banking & Finance, Elsevier, vol. 22(4), pages 467-482, May. [Downloadable!] (restricted)
  11. DeYoung, Robert & Nolle, Daniel E, 1996. "Foreign-Owned Banks in the United States: Earning Market Share or Buying It?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(4), pages 622-36, November. [Downloadable!] (restricted)
  12. Chambers, Robert G. & Fare, Rolf, 2004. "Additive decomposition of profit efficiency," Economics Letters, Elsevier, vol. 84(3), pages 329-334, September. [Downloadable!] (restricted)
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