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Data envelopment analysis in financial services: a citations network analysis of banks, insurance companies and money market funds

Kaffash, Sepideh and Marra, Marianna (2017) 'Data envelopment analysis in financial services: a citations network analysis of banks, insurance companies and money market funds.' Annals of Operations Research, 253 (1). 307 - 344. ISSN 0254-5330

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Abstract

Development and application of the data envelopment analysis (DEA) method, have been the subject of numerous reviews. In this paper, we consider the papers that apply DEA methods specifically to financial services, or which use financial services data to experiment with a newly introduced DEA model. We examine 620 papers published in journals indexed in the Web of Science database, from 1985 to April 2016. We analyse the sample applying citations network analysis. This paper investigates the DEA method and its applications in financial services. We analyse the diffusion of DEA in three sub-samples: (1) banking groups, (2) money market funds, and (3) insurance groups by identifying the main paths, that is, the main flows of the ideas underlying each area of research. This allows us to highlight the main approaches, models and efficiency types used in each research areas. No unique methodological preference emerges within these areas. Innovations in the DEA methodologies (network models, slacks based models, directional distance models and Nash bargaining game) clearly dominate recent research. For each subsample, we describe the geographical distribution of these studies, and provide some basic statistics related to the most active journals and scholars.

Item Type: Article
Uncontrolled Keywords: Data envelopment analysis, Financial services, Literature survey, Citation analysis, Main path analysis
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HG Finance
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Management Science and Entrepreneurship Group
Depositing User: Jim Jamieson
Date Deposited: 25 Aug 2016 11:57
Last Modified: 20 Jul 2018 15:15
URI: http://repository.essex.ac.uk/id/eprint/17457

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