Casu, Barbara and Girardone, Claudia (2005) An analysis of the relevance of off-balance sheet items in explaining productivity change in European banking. Applied Financial Economics, 15 (15). pp. 1053-1061. DOI https://doi.org/10.1080/09603100500120688
Casu, Barbara and Girardone, Claudia (2005) An analysis of the relevance of off-balance sheet items in explaining productivity change in European banking. Applied Financial Economics, 15 (15). pp. 1053-1061. DOI https://doi.org/10.1080/09603100500120688
Casu, Barbara and Girardone, Claudia (2005) An analysis of the relevance of off-balance sheet items in explaining productivity change in European banking. Applied Financial Economics, 15 (15). pp. 1053-1061. DOI https://doi.org/10.1080/09603100500120688
Abstract
The 1990s have witnessed a significant growth in bank income generated through non-traditional activities, especially for large EU universal banking institutions. Using the non-parametric Malmquist methodology this study analyses the impact of the inclusion of off-balance sheet (OBS) business in the definition of banks' output when estimating total factor productivity change indexes. Whereas the results reinforce the prevalent view in the recent literature, indicating that the exclusion of non-traditional activities leads to a misspecification of banks' output, the impact of the inclusion of these activities varies. Overall, the inclusion of OBS items results in an increase in estimated productivity levels for all countries under study. However, the impact seems to be the biggest on technological change rather than efficiency change. © 2005 Taylor & Francis.
Item Type: | Article |
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Uncontrolled Keywords: | Finance and Banking; Productivity Change; Malmquist Index; DEA |
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: | 13 Jun 2014 13:35 |
Last Modified: | 23 Oct 2024 06:19 |
URI: | http://repository.essex.ac.uk/id/eprint/9697 |
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