Inhalt

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  Outline of the research project
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   Starting Point
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   Adequate modelling
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   Methodological issues
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  Our contributions
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   Bank efficiency in a scheme of adequation
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   Methods of cross-sectional stochastic frontier analyses
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   Cost efficiency trends in European and US banking
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   Bank efficiency estimation based on quantile cost functions with fixed effects
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  Preliminary reflections on efficiency and banks
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   Introduction
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   Aspects of bank performance
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   Interest groups
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   A 'perverse incentive system'
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   The pay-performance sensitivity
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   The existence of social dividends
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   Bank performance assessments: A trade-off
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  Measuring efficiency
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   Common accounting ratios
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   Conditional accounting ratio regressions
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   The concept of efficiency frontiers
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   Parametric cost frontiers in banking
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   The meaning of 'average frontier'
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  Introduction of the database
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   Relevance of the Bankscope database
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   Selection of variables
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   Data validation and imputation
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   Descriptive statistics
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   Final remarks on data quality
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  Bank efficiency in the frame of a Scheme of Adequation
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   Introduction
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   Concrete reality and ideal concept
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   Statistical adequation
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   Ideal-type conceptualization
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  Adequation within the empirical assessment of bank efficiency
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   Banks as a producing business
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   Operationalization and estimation
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   Interpretation and comparison
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   Conclusion
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  Methods of cross-sectional stochastic frontier analyses
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   Introduction
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  Efficiency and the stochastic frontier models
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   The concept of output-based efficiency
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   The normal-half normal model
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   The exponential model
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  Simulation
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   Simulation design
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   Simulation results in comparison
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  An application to German banks
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   Methodological issues
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   Empirical evidence
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   Conclusion
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  Appendix
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   Derivatives of the log-likelihood: half-normal
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   Derivatives of the log-likelihood: exponential
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   Tables
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  Cost efficiency trends in European and US Banking
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   Introduction
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   Literature overview
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  SFA methodology
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   The basic idea of productive efficiency
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   Fixed effects with time trend
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   Random effects with time trend
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  Descriptive statistics of the database
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   Data preparation and imputation
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   Modelling cost frontiers
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  Cost efficiency estimation
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   Discussion of the estimated parameters
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   Dynamic efficiency ranking
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   A note on the inter-model comparison
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   Conclusion
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   Appendix
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  Efficiency estimation based on quantile cost functions
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   Introduction
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   Methodology
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   Linear regression cost frontiers with fixed effects
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   Quantile regression cost frontiers
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  Empirical Results
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   Data preparation
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   Cost functions
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   Estimation
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   Efficiency
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   Conclusion
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   Appendix
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  Concluding remarks
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   The scope of this survey
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  Problems and solutions
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   Adequation
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   Methods
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   References