2 research outputs found
Cost efficiency of Italian Commercial Banks: a Stochastic Frontier analysis
During 90’s, the Italian banking system faced a new competitive environment both
widening the dimensional scale and pursuing a rationalization process. Some insights could
be drawn through efficiency analysis by estimation of a stochastic cost frontier for the
period 1993-2004. Benchmark analysis not only highlights the contribution of the main
factors that affect efficiency, but also allows evaluation of efficiency dynamics through
time, determining the presence of technical progress and scale economies. However, such
measure is significant if the sample of firms is homogeneous hence, accounting for
heterogeneity of the units involved is then a goal of our analysi
Cost efficiency of Italian Commercial Banks: a Stochastic Frontier analysis
During 90’s, the Italian banking system faced a new competitive environment both
widening the dimensional scale and pursuing a rationalization process. Some insights could
be drawn through efficiency analysis by estimation of a stochastic cost frontier for the
period 1993-2004. Benchmark analysis not only highlights the contribution of the main
factors that affect efficiency, but also allows evaluation of efficiency dynamics through
time, determining the presence of technical progress and scale economies. However, such
measure is significant if the sample of firms is homogeneous hence, accounting for
heterogeneity of the units involved is then a goal of our analysi