IDEAS home Printed from
   My bibliography  Save this paper

Thai financial sector efficiency prior to the East Asian financial crisis


  • Mark Bailey

    (University of Ulster)

  • Deb Ghosh

    (Coventry University)

  • Sailesh Tanna

    (Coventry University)


This paper looks at whether differences in the form of ownership were not the cause of the productivity differences but that these differences were due to individual firm effects. We also want to examine the belief that inefficiency in the Thai financial sector was not one of the causal factors in the currency crisis in 1997 with a high level of overall efficiency and some firms outperforming this norm. A regression of total revenue on capital, labour, company dummies and time dummies reveals that the average growth rate of total revenue allowing for changes in labour and capital and inter-firm efficiency differences was 3.6% for the period 1989 to 1996. The same regression also provides evidence that in the Thai insurance sector, larger companies are more efficient. However, no such similar evidence exists for the Thai banking sector.

Suggested Citation

  • Mark Bailey & Deb Ghosh & Sailesh Tanna, 2002. "Thai financial sector efficiency prior to the East Asian financial crisis," Industrial Organization 0203009, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpio:0203009
    Note: Type of Document - Acrobat PDF; prepared on IBM PC; pages: 9 ; figures: none. 9 pages, PDF

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Thailand financial services efficiency;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpio:0203009. 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: (EconWPA). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.