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- Eficiencia En Costes Y Beneficios En El Sector Bancario Español (1985-1996): Una Aproximación No Paramétrica

Author

Listed:
  • Joaquín Maudos Villarroya

    (Instituto Valenciano de Investigaciones Económicas)

  • José Manuel Pastor Monsálvez

    (Universitat de València)

Abstract

The aim of this study is to analyse the efficiency in costs and in profits of the Spanish banking sector (SBS) in the period 1985-96 using a non-parametric approach. The results obtained show the existence of profit efficiency levels well below those corresponding to cost efficiency, alternative profit efficiency being below standard profit efficiency. These results imply the existence of market power in the setting of prices and/or the existence of differences in the quality of bank output reflected in the differences in prices. With regard to the immediate future, of full economic and monetary integration, the reduction of profit levels associated with higher competitive pressure may be offset by the reduction of all kinds ofinefficiency, which is a very important potential source of competitiveness. Indeed, the results referring to 1996 indicate that the return on assets (ROA) and on equity (ROE) of the SBScould increase by 2.4% and 24.4% respectively, eliminating the combined inefficiency in costs and revenues. El objetivo de este trabajo es analizar la eficiencia en costes y en beneficios del sector bancario español (SBE) en el periodo 1985-96 utilizando una aproximación no paramétrica. Los resultados obtenidos muestran la existencia de niveles de eficiencia en beneficios muy inferiores a los correspondientes a la eficiencia en costes, siendo la eficiencia alternativa en beneficios inferior a la estándar. Estos resultados suponen la existencia de poder de mercado en la fijación de precios y/o la existencia de diferencias de calidad del output bancario recogidas en diferencias de precios. De cara al futuro inmediato de la plena integración económica y monetaria, la reducción de los niveles de rentabilidad asociados a la mayor presión competitiva puede verse compensada por la reducción de todo tipo de ineficiencia, siendo ésta última una fuente potencial muy importante de competitividad. De hecho, los resultados obtenidos referidos a 1996 indican que la rentabilidad sobre activo (ROA) y sobre recursos propios (ROE) del SBE podría aumentar un 2.4% y un 24.4%, respectivamente, eliminando la ineficiencia conjunta en costes e ingresos.

Suggested Citation

  • Joaquín Maudos Villarroya & José Manuel Pastor Monsálvez, 1999. "- Eficiencia En Costes Y Beneficios En El Sector Bancario Español (1985-1996): Una Aproximación No Paramétrica," Working Papers. Serie EC 1999-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  • Handle: RePEc:ivi:wpasec:1999-10
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    More about this item

    Keywords

    eficiencia; costes; beneficios; sector bancario español efficiency; costs; profits; Spanish banking sector;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • D2 - Microeconomics - - Production and Organizations

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