Casu, Barbara and Girardone, Claudia (2010) Integration and efficiency convergence in EU banking markets. Omega, 38 (5). pp. 260-267. DOI https://doi.org/10.1016/j.omega.2009.08.004
Casu, Barbara and Girardone, Claudia (2010) Integration and efficiency convergence in EU banking markets. Omega, 38 (5). pp. 260-267. DOI https://doi.org/10.1016/j.omega.2009.08.004
Casu, Barbara and Girardone, Claudia (2010) Integration and efficiency convergence in EU banking markets. Omega, 38 (5). pp. 260-267. DOI https://doi.org/10.1016/j.omega.2009.08.004
Abstract
Evidence of financial integration and convergence are considered of importance in assessing the outcome of EU deregulation policies aimed at improving the efficiency and performance of banking sectors. This paper evaluates the recent dynamics of bank cost efficiency by means of data envelopment analysis (DEA). Borrowing from the growth literature, we apply dynamic panel data models (GMM) to the concepts of Β-convergence and σ-convergence to assess the speed at which banking markets are integrating. We also employ a partial adjustment model to evaluate convergence towards best practice. Results seem to provide supporting evidence of convergence of efficiency levels towards an EU average. Nevertheless, there is no evidence of an overall improvement of efficiency levels towards best practice. © 2009 Elsevier Ltd.
Item Type: | Article |
---|---|
Uncontrolled Keywords: | Efficiency; Convergence; Banking; Data envelopment analysis |
Subjects: | H Social Sciences > HG Finance |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 21 Nov 2011 10:00 |
Last Modified: | 30 Oct 2024 19:44 |
URI: | http://repository.essex.ac.uk/id/eprint/1529 |