کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5089088 | 1478336 | 2014 | 11 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Returns to scale at large banks in the US: A random coefficient stochastic frontier approach
ترجمه فارسی عنوان
به مقیاس بزرگ در بانکهای بزرگ ایالات متحده بازمیگردد: یک رویکرد مرزی تصادفی ضریب تصادفی
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper investigates the returns to scale of large banks in the US over the period 1997-2010. This investigation is performed by estimating a random coefficient stochastic distance frontier model in the spirit of Tsionas (2002) and Greene (2005, 2008). The primary advantage of this model is that its coefficients can vary across banks, thereby allowing for unobserved technology heterogeneity among large banks in the US We find that failure to consider unobserved technology heterogeneity results in a misleading ranking of banks and mismeasured returns to scale. Our results show that the majority of large banks in the US exhibit constant returns to scale. In addition, our results suggest that banks of the same size can have different levels of returns to scale and there is no clear pattern among large banks in the US concerning the relationship between asset size and returns to scale, due to the presence of technology heterogeneity.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 39, February 2014, Pages 135-145
Journal: Journal of Banking & Finance - Volume 39, February 2014, Pages 135-145
نویسندگان
Guohua Feng, Xiaohui Zhang,