Efficiency And Productivity Growth: Modelling in the Financial Services Industry

<p><b>An authoritative introduction to efficiency and productivity analysis with applications in both the banking and finance industry</b></p> <p>In light of the recent global financial crisis, several studies have examined the efficiency of financial institutions. A number of open questions remain and this book reviews recent issues and state-of-the-art techniques in the assessment of the efficiency and productivity of financial institutions. Written by an international team of experts, the first part of the book links efficiency with a variety of topics like Latin American banking, market discipline and governance, economics of scale, off-balance-sheet activities, productivity of foreign banks, mergers and acquisitions, and mutual fund ratings. The second part of the book compares existing techniques and state-of-the-art techniques in the bank efficiency literature, including among others, network data envelopment analysis and quantile regression.</p> <p>The book is suitable for academics and professionals as well as postgraduate research students working in banking and finance.</p> <p><i>Efficiency and Productivity Growth: </i></p> <ul> <li>Provides an authoritative introduction to efficiency and productivity analysis with applications in both the banking and mutual funds industry such as efficiency of Asian banks, cooperatives and not-for-profit credit associations.</li> <li>Explores contemporary research issues in the area of efficiency and productivity measurement in the financial sector.</li> <li>Evaluates the most suitable approaches to selecting inputs and outputs as well as selecting the most efficient techniques, such as parametric and non-parametric, to estimate the models.</li> </ul>