Japanese banking inefficiency and shadow pricing

被引：84

作者：

Fukuyamaa, Hirofumi ^{[1
]}

Weber, William L. ^{[2
]}

机构：

[1] Fukuoka Univ, Fac Commerce, Jonan Ku, Fukuoka 8140180, Japan

[2] SE Missouri State Univ, Dept Econ & Finance, Cape Girardeau, MO 63701 USA

来源：

MATHEMATICAL AND COMPUTER MODELLING | 2008年 / 48卷 / 11-12期

基金：

日本学术振兴会;

关键词：

DEA; Directional DEA specification; Parametric LP specification; Shadow pricing; Japanese banking; Bad (undesirable) output;

D O I：

10.1016/j.mcm.2008.03.004

中图分类号：

TP39 [计算机的应用];

学科分类号：

081203 ; 0835 ;

摘要：

We estimate Japanese banking inefficiency and the shadow price of problem loans by treating problem loans as a jointly produced undesirable by-product of the loan production process. Our method uses the directional output distance function of F re et al. [R. Fare, S. Grosskopf, D.-W. Noh, W.L. Weber, Characteristics of a polluting technology: Theory and practice, Journal of Econometrics 126 (2005) 469-492] and seeks the maximum expansion of desirable outputs, such as loans and securities investments, and the simultaneous contraction in undesirable outputs, such as problem loans. The directional output distance function is estimated using data envelopment analysis and a parametric linear programming method. While the two methods give similar estimates of inefficiency, the shadow price estimates for the two methods diverge. (C) 2008 Elsevier Ltd. All rights reserved.

引用

页码：1854 / 1867

页数：14

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