Impact of policy changes on the efficiency and returns-to-scale of Japanese financial institutions: An evaluation

被引：5

作者：

Azad, A. S. M. Sohel ^{[1
]}

Yasushi, Suzuki ^{[2
]}

Fang, Victor ^{[1
]}

Ahsan, Amirul ^{[1
]}

机构：

[1] Deakin Univ, Fac Business & Law, Sch Accounting Econ & Finance, 221 Burwood Highway, Burwood, Vic 3125, Australia

[2] Ritsumeikan Asia Pacific Univ, Coll Int Management, Grad Sch Management, Oita 8748577, Japan

来源：

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2014年 / 32卷

关键词：

Policy changes; DEA; Efficiency; Returns-to-scale; Malmquist index;

D O I：

10.1016/j.ribaf.2014.05.001

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines the impact of FSA's (Financial Services Agency) recent policy changes on the efficiency and returns-to-scale (RTS) of Japanese financial institutions including banks, securities companies and bank holding companies. Three kinds of efficiency are investigated namely, technical efficiency (TE), pure technical efficiency (PTE) and scale efficiency (SE) using the non-parametric methodology named data envelopment analysis (DEA). The DEA analysis shows a substantial improvement in the overall efficiency of Japanese banks, albeit a significant difference of efficiency scores between the major/city banks and the regional banks. Results are robust to alternative specifications of efficiency and scale changes. (C) 2014 Elsevier B.V. All rights reserved.

引用

页码：159 / 171

页数：13

共 35 条

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