Bank efficiency in Malaysia: a use of malmquist meta-frontier analysis

被引:24
作者
Azad, Abul Kalam [1 ]
Munisamy, Susila [1 ]
Muhammad Masum, Abdul Kadar [2 ]
Saona, Paolo [3 ]
Wanke, Peter [4 ]
机构
[1] Univ Malaya, Fac Econ & Adm, Dept Appl Stat, Kuala Lumpur 50603, Malaysia
[2] Univ Malaya, Fac Econ & Adm, Dept Adm Studies & Polit, Kuala Lumpur 50603, Malaysia
[3] St Louis Univ, Dept Econ & Business, Avda Valle 34, Madrid 28003, Spain
[4] Univ Fed Rio de Janeiro, COPPEAD Grad Business Sch, Rua Paschoal Lemme 355, BR-21949900 Rio De Janeiro, Brazil
关键词
Efficiency; Meta-frontier; Data envelopment analysis; Double bootstrap; Malaysia; DATA ENVELOPMENT ANALYSIS; FINANCIAL INSTITUTIONS; NEURAL-NETWORKS; ISLAMIC BANKS; 2-STAGE DEA; DETERMINANTS; COUNTRIES; PERFORMANCE; OWNERSHIP; INSURANCE;
D O I
10.1007/s40821-016-0054-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper uses a two-stage data envelopment analysis to examine bank efficiency in Malaysia. In the first stage, we use meta-frontier technology to address bank heterogeneity-bank nature (Islamic vs. conventional banks) and bank ownership (local vs. foreign banks). Using a data set of 43 Malaysian commercial banks, the application of meta-frontier enables us to compare the existence of inefficiency among Malaysian banks because of their business nature and ownership. In doing so, we empirically demonstrate that using different approaches (i.e., production, profitability, and intermediation) for calculating bank efficiency can give significant contradictory results in efficiency scores. In the second stage, we use Simar and Wilson's double bootstrap regression to estimate the determinants of efficiency in Malaysian banks. This helps to achieve valid inference even in the presence of unknown serial correlation in the meta-frontier efficiency scores. The results from double bootstrap regression confirm that bank ownership, bank nature and gross domestic product have significant influence on bank efficiency. This study reveals that Islamic banks have outperformed. The frontier results reveal that local Islamic banks have moved towards the group technology and foreign Islamic banks have taken the lead in country frontier technology.
引用
收藏
页码:287 / 311
页数:25
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