Joint estimation of technical efficiency and production risk for multi-output banks under a panel data cost frontier model
學年 94
學期 2
出版（發表）日期 2006-07-26
作品名稱 Joint estimation of technical efficiency and production risk for multi-output banks under a panel data cost frontier model
作品名稱（其他語言）
著者 Huang, Tai-hsin; Kao, Tong-liang
單位 淡江大學保險學系
出版者 Springer
著錄名稱、卷期、頁數 Journal of Productivity Analysis 26(1), p.87-102
摘要 This article generalizes production risk from a single output production function to a multiple output cost frontier, which is able to examine input-oriented technical efficiencies and production risk simultaneously in the context of a panel data. Furthermore, the joint confidence interval estimates for technical efficiencies are constructed by means of multiple comparisons with the best approach. Whether taking production risk into account or not offers quite dissimilar implications in terms of the average technical efficiency measure and the identification of multiple efficient banks achieving the optimal cost frontier. It is suggested that inferences drawn on the basis of the confidence intervals of technical efficiency provide much more fruitful and insightful information than the point estimation alone. Bank specific risk parameters are found to be highly and positively correlated with fixed-effect estimates, implying that the more risk-averse a bank is, the more technically efficient it will be.
關鍵字 Production risk;Technical efficiency;Confidence intervals
語言 en
ISSN 0895-562X
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度 否
國別 USA
公開徵稿
出版型式 ,電子版,紙本
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