Explaining efficiency differences among large German and Austrian banks

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Abstract:

Cost-efficiency, scale efficiency, and productivity change are estimated by data envelopment analysis; and cost-efficiency is regressed on explanatory variables. No evidence is found for average productivity responding to deregulation over the period studied. State-owned banks are found to be more cost-efficient (likely owing to cheaper funds) and cooperative banks to be about as cost-efficient as private banks. Increasing economies of scale but decreasing economies of scope provide rationale for M&As among banks with similar product portfolios. Interbank and capital market funding is found to be more cost-efficient than deposits when the cost of retail networks is controlled.

Document Type: Research Article

DOI: http://dx.doi.org/10.1080/00036840500081820

Affiliations: International Monetary Fund, 700 19th St, NW, Washington, DC 20431, USA, Email: dhauner@imf.org

Publication date: May 20, 2005

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