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Productivity growth in the Hellenic banking industry: state versus private banks

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  • Athanasios Noulas

Abstract

This paper investigates the productivity growth of the Hellenic banking industry employing the Malmquist productivity index on data for 1991 and 1992. The results indicate that although productivity has increased for both state and private banks, the sources of this growth are different. State banks' productivity growth comes from technological progress while private banks', from increased efficiency.

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  • Athanasios Noulas, 1997. "Productivity growth in the Hellenic banking industry: state versus private banks," Applied Financial Economics, Taylor & Francis Journals, vol. 7(3), pages 223-228.
  • Handle: RePEc:taf:apfiec:v:7:y:1997:i:3:p:223-228 DOI: 10.1080/096031097333574
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    Cited by:

    1. Athanasoglou, Panayiotis P. & Georgiou, Evangelia A. & Staikouras, Christos C., 2009. "Assessing output and productivity growth in the banking industry," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(4), pages 1317-1340, November.
    2. Sambracos, Evangelos & Maniati, Marina, 2015. "Technical Efficiency of Shipping Banks: A DEA Approach," MPRA Paper 63131, University Library of Munich, Germany.
    3. Chang, Shun-Chiao & Chang, Jui-Chuan Della & Huang, Tai-Hsin, 2012. "Assessing market power in the U.S. commercial banking industry under deregulation," Economic Modelling, Elsevier, vol. 29(5), pages 1558-1565.
    4. Fotios Pasiouras & Aggeliki Liadaki & Constantin Zopounidis, 2008. "Bank efficiency and share performance: evidence from Greece," Applied Financial Economics, Taylor & Francis Journals, pages 1121-1130.
    5. Fethi, Meryem Duygun & Pasiouras, Fotios, 2010. "Assessing bank efficiency and performance with operational research and artificial intelligence techniques: A survey," European Journal of Operational Research, Elsevier, vol. 204(2), pages 189-198, July.
    6. Matthews, Kent & Zhang, Nina (Xu), 2010. "Bank productivity in China 1997-2007: Measurement and convergence," China Economic Review, Elsevier, vol. 21(4), pages 617-628, December.
    7. Jan-Egbert Sturm & Barry Williams, 2002. "Deregulation, Entry of Foreign Banks and Bank Efficiency in Australia," CESifo Working Paper Series 816, CESifo Group Munich.
    8. Rezitis, Anthony N., 2008. "Efficiency and productivity effects of bank mergers: Evidence from the Greek banking industry," Economic Modelling, Elsevier, vol. 25(2), pages 236-254, March.
    9. Kent Matthews & Nina Zhang, 2009. "Bank Productivity in China 1997-2007: An Exercise in Measurement," Working Papers 252009, Hong Kong Institute for Monetary Research.
    10. Ken Johnston & John Hatem & Thomas A. Carnes, 2010. "Investor education: how plan sponsors should report your returns," Managerial Finance, Emerald Group Publishing, vol. 36(4), pages 354-363, April.
    11. Siriopoulos, Costas & Tziogkidis, Panagiotis, 2010. "How do Greek banking institutions react after significant events?--A DEA approach," Omega, Elsevier, vol. 38(5), pages 294-308, October.
    12. Anthony N. Rezitis, 2006. "Productivity growth in the Greek banking industry: A non-parametric approach," Journal of Applied Economics, Universidad del CEMA, vol. 9, pages 119-138, May.
    13. Mohammad Hanif Akhtar, 2010. "Are Saudi banks productive and efficient?," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing, vol. 3(2), pages 95-112, June.
    14. Pasiouras, Fotios, 2008. "Estimating the technical and scale efficiency of Greek commercial banks: The impact of credit risk, off-balance sheet activities, and international operations," Research in International Business and Finance, Elsevier, vol. 22(3), pages 301-318, September.
    15. Tsionas, Efthymios G. & Papadakis, Emmanuel N., 2010. "A Bayesian approach to statistical inference in stochastic DEA," Omega, Elsevier, vol. 38(5), pages 309-314, October.
    16. Prodromos D. Chatzoglou & Anastasios D. Diamantidis & Eftichia Vraimaki & Elena Polychrou & Kyriakos Chatzitheodorou, 2010. "Banking productivity: an overview of the Greek banking system," Managerial Finance, Emerald Group Publishing, vol. 36(12), pages 1007-1027, October.
    17. A.I. Dimitras & K. Kosmidou & A.K. Apostolou, 2010. "Bank efficiency estimation and the change of the accounting standards: evidence from Greece," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 2(1), pages 20-39.
    18. Giorgos Argitis & Stella Michopoulou, 2013. "Studies in Financial Systems No 4 Financialization and the Greek Financial System," FESSUD studies fstudy04, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    19. Daley, Jenifer & Matthews, Kent, 2009. "Measuring post-crisis productivity for Jamaican banks," Cardiff Economics Working Papers E2009/29, Cardiff University, Cardiff Business School, Economics Section.
    20. Christopoulos, Dimitris K. & Lolos, Sarantis E. G. & Tsionas, Efthymios G., 2002. "Efficiency of the Greek banking system in view of the EMU: a heteroscedastic stochastic frontier approach," Journal of Policy Modeling, Elsevier, vol. 24(9), pages 813-829, December.
    21. Nikolaos Mylonidis & Ioanna Kelnikola, 2005. "Merging activity in the Greek Banking System: A Financial Accounting Perspective," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 3(1), pages 121-144.
    22. repec:pal:jorsoc:v:61:y:2010:i:12:d:10.1057_jors.2009.114 is not listed on IDEAS

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