Cross Country Comparison of Efficiency in Investment Banking

Radic, Nemanja and Fiordelisi, Franco (2009) Cross Country Comparison of Efficiency in Investment Banking. In: European Association of Academic Teachers in Banking and Finance, 2009 Annual Conference, 3rd - 6th September 2009, Rome, Italy. (Unpublished)

PDF - Accepted Version Download (268kB)

Abstract

This paper aims to identify the framework for comparing investment banks efficiencies across nations. In order to overcome traditional limitations two methods are adopted: first, where separate frontiers are estimated to check for the
existence of structural differences between the countries; and second method which accounts for the influences of environmental factors on the industry, by including indicator of these factors in a definition of a common frontier. We use translog cost and profit function in order to measure X-efficiency. Data set consist from more
than 900 investment banks from G7 countries (US, UK, Japan, Italy, Germany, France and Canada) and Switzerland over the period 2000-2007.

Item Type:	Conference or Workshop Item (Paper)
Subjects:	H Social Sciences > HG Finance H Social Sciences > HJ Public Finance
Schools:	Huddersfield Business School
Related URLs:	Author
Depositing User:	Cherry Edmunds
Date Deposited:	01 Feb 2013 10:08
Last Modified:	28 Aug 2021 20:11
URI:	http://eprints.hud.ac.uk/id/eprint/16677

Downloads

Repository Staff Only: item control page

View Item