دانلود مقاله ISI انگلیسی شماره 11859
عنوان فارسی مقاله

صرفه به مقیاس، بازده و همگرایی بهره وری در برگزاری شرکت های بانکی

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
11859 2006 18 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Scale economies, X-efficiency, and convergence of productivity among bank holding companies
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Banking & Finance, Volume 30, Issue 10, October 2006, Pages 2857–2874

کلمات کلیدی
بانک نگه داشتن شرکت - بهره وری کل عوامل - همگرایی - بهره وری
پیش نمایش مقاله
پیش نمایش مقاله صرفه به مقیاس، بازده و همگرایی بهره وری در برگزاری شرکت های بانکی

چکیده انگلیسی

Are the less productive banks catching up to the more productive ones and, if so, how quickly and by what means? The objective of this study is to answer these questions by looking for convergence in productivity among bank holding companies (BHCs) in the US Past research has identified two major factors governing productivity in the banking sector – scale economies and X-efficiency. If the gains from scale economies decline with firm size and if the only difference between BHCs lies in their initial size, then the initially smaller BHCs should eventually catch up to the initially larger ones because the former tend to grow more quickly. However, the findings from this study do not support this hypothesis of “absolute convergence”. Indeed, the findings show strong evidence for “conditional convergence”, which means that the steady-state productivity to which a BHC is converging is conditional on the BHCs own level of X-efficiency. Conditional convergence implies that initial differences in X-efficiency among BHCs can, between them, create permanent differences in steady-state productivity.

مقدمه انگلیسی

Comparisons of productivity performance across financial institutions are central to answering many of the questions on factors leading to a growth in the productivity of banks. Are less productive banks catching up to more productive ones and, if so, how quickly and by what means? Groups as disparate as financial economists and business leaders have expressed profound interest in the issue of whether banks that are currently the best performers can maintain their roles as productivity leaders in the future. With special reference to the US banking industry, this study examines the convergence of productivity among bank holding companies (BHCs).

نتیجه گیری انگلیسی

A comparison of productivity performance across financial institutions is central to answering many of the questions concerning factors leading to the growth in the productivity of banks: are less productive banks catching up to more productive ones and, if so, how quickly and by what means? The objective of this study was to answer these questions by looking for the existence of convergence in productivity among BHCs. Past research identified two major factors governing productivity in the banking sector – scale economies and X-efficiency. If the gains from scale economies decline with firm size and the only difference between BHCs lies in their initial size (i.e., they have the same level of X-efficiency), then the initially smaller and less productive BHCs should eventually catch up to the initially larger and more productive ones because the former tend to grow faster. However, the findings from this study do not support this hypothesis. Indeed, the findings show strong evidence for conditional convergence among BHCs, which means that each BHC possesses its own steady-state productivity to which it is converging. In other words, differences in X-efficiency among BHCs can create permanent differences in productivity among them.

خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.