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Universal Banks, Ownership and Efficiency: A Stochastic Frontier Analysis of the German Banking Market

In: The Recent Evolution of Financial Systems

Author

Listed:
  • Yener Altunbas
  • Lynne Evans
  • Philip Molyneux

Abstract

Within Western Europe the structure of the banking industry is changing rapidly, and one motivation for these changes is a drive for greater efficiency. However, whilst scale and scope efficiencies have been fairly extensively studied both in the US and the European contexts, surprisingly little attention has been paid to measuring what appears to be an important source of inefficiency — X-inefficiency — particularly in the European context1. This paper starts to redress this imbalance by measuring deviations from the efficient cost frontier for specific bank types and organisational forms in the German market. Moreover, the paper extends the literature on the merits and demerits of universal banking systems by focusing on the technical efficiency of banks operating under these systems.

Suggested Citation

  • Yener Altunbas & Lynne Evans & Philip Molyneux, 1997. "Universal Banks, Ownership and Efficiency: A Stochastic Frontier Analysis of the German Banking Market," Palgrave Macmillan Books, in: Jack Revell (ed.), The Recent Evolution of Financial Systems, chapter 0, pages 141-156, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14192-0_8
    DOI: 10.1007/978-1-349-14192-0_8
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    Cited by:

    1. Mr. David Hauner, 2004. "Explaining Efficiency Differences Among Large German and Austrian Banks," IMF Working Papers 2004/140, International Monetary Fund.
    2. David Hauner, 2005. "Explaining efficiency differences among large German and Austrian banks," Applied Economics, Taylor & Francis Journals, vol. 37(9), pages 969-980.
    3. Bernardo Maggi & Stefania P. S. Rossi, 2003. "An efficiency analysis of banking systems: a comparison of European and United States large commercial banks using different functional forms," Vienna Economics Papers 0306, University of Vienna, Department of Economics.

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