Efficiency in Australian building societies: an econometric cost function approach
Maximum-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.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 8 (1998)
Issue (Month): 5 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAFE20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAFE20|
When requesting a correction, please mention this item's handle: RePEc:taf:apfiec:v:8:y:1998:i:5:p:459-467. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.