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http://bura.brunel.ac.uk/handle/2438/9731
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DC Field | Value | Language |
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dc.contributor.author | Ventouri-Dimitropoulou, A | - |
dc.contributor.author | Chortareas, G | - |
dc.contributor.author | Girardone, C | - |
dc.coverage.spatial | UK | - |
dc.coverage.spatial | UK | - |
dc.coverage.spatial | UK | - |
dc.coverage.spatial | UK | - |
dc.date.accessioned | 2015-01-14T09:50:41Z | - |
dc.date.available | 2009 | - |
dc.date.available | 2015-01-14T09:50:41Z | - |
dc.date.issued | 2009 | - |
dc.identifier.citation | Applied Financial Economics, 19(16): 1317 - 1328, (2009) | en_US |
dc.identifier.issn | 0960-3107 | - |
dc.identifier.uri | http://www.tandfonline.com/doi/abs/10.1080/09603100802599506#.VLY6JTZFB9A | - |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/9731 | - |
dc.description.abstract | We provide a characterization of the Greek banking system’s efficiency and productivity under the new environment that the Economic and Monetary Union (EMU) participation implies. We consider cost and profit efficiency as well as productivity change of commercial banks using the nonparametric Data Envelopment Analysis (DEA) and the Total Factor Productivity (TFP) Malmquist Index. The period under study is 1998–2003 covering Greece’s entry into the euro area in 2001 and the run-up to it. Moreover, enhanced competition along with lower inflation and interest rates has further motivated financial innovation and Off-Balance Sheet (OBS) business. Our findings suggest that cost efficiency has risen by 4.3% over the 6 years under study. Moreover, Greek banks seem to enjoy relatively high profit efficiency (on average 75%) showing an increase by 93% over 1998–2003. Similarly, productivity seems to have risen by 15% and this was mainly driven by the improvements in the performance of best-practice institutions. Our results do not show any role for OBS activities in Greek banks’ efficiency. Finally, while the impact of profitability and size on efficiency and productivity yields mixed results, our empirical findings seem to corroborate previous studies in that controlling for risk preferences is important in determining bank efficiency. | en_US |
dc.format.extent | 1317 - 1328 | - |
dc.format.extent | 1317 - 1328 | - |
dc.format.extent | 1317 - 1328 | - |
dc.format.extent | 1317 - 1328 | - |
dc.language | English | - |
dc.language.iso | en | en_US |
dc.publisher | Taylor and Francis | en_US |
dc.subject | Greek banking system | en_US |
dc.subject | Economic and monetary union | en_US |
dc.subject | Data envelopment analysis | en_US |
dc.subject | Total factor productivity | en_US |
dc.subject | Malmquist index | en_US |
dc.title | Efficiency and productivity of Greek banks in the EMU era | en_US |
dc.type | Article | en_US |
dc.identifier.doi | http://dx.doi.org/10.1080/09603100802599506 | - |
dc.relation.isPartOf | Applied Financial Economics | - |
dc.relation.isPartOf | Applied Financial Economics | - |
dc.relation.isPartOf | Applied Financial Economics | - |
dc.relation.isPartOf | Applied Financial Economics | - |
pubs.issue | 16 | - |
pubs.issue | 16 | - |
pubs.issue | 16 | - |
pubs.issue | 16 | - |
pubs.publication-status | Published | - |
pubs.publication-status | Published | - |
pubs.publication-status | Published | - |
pubs.publication-status | Published | - |
pubs.volume | 19 (2009) | - |
pubs.volume | 19 (2009) | - |
pubs.volume | 19 (2009) | - |
pubs.volume | 19 (2009) | - |
pubs.organisational-data | /Brunel | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance | - |
pubs.organisational-data | /Brunel/Brunel Staff by College/Department/Division/College of Business, Arts and Social Sciences/Dept of Economics and Finance/Economics and Finance | - |
pubs.organisational-data | /Brunel/Group Publication Pages | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups/Centre for Research into Entrepreneurship, International Business and Innovation in Emerging Markets | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute for Ageing Studies | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute of Cancer Genetics and Pharmacogenomics | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Centre for Systems and Synthetic Biology | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups | - |
pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups/Multidisclipary Assessment of Technology Centre for Healthcare (MATCH) | - |
Appears in Collections: | Dept of Economics and Finance Research Papers |
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Fulltext.pdf | 412.15 kB | Adobe PDF | View/Open |
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