Determinants of bank efficiency: The case of Brazil |
| |
Authors: | Patricia Langsch Tecles Benjamin M Tabak |
| |
Institution: | 1. Departamento de Economia, Universidade de Brasília, Campus Universitário – Asa Norte, 70910-900 Brasília, DF, Brazil;2. Banco Central do Brasil, DEPEP, SBS Quadra 3, Bloco B, Ed. Sede, 9 andar, 70074-900 Brasilia, DF, Brazil;3. Graduate Programa in Economics, Campus II, SGAN 916 Modulo A, CEP 70790-160 / Brasília, DF, Brazil |
| |
Abstract: | This paper analyzes the efficiency of the Brazilian banking sector over the post-privatization period of 2000–2007. We employ a Bayesian stochastic frontier approach, which provides exact efficiency estimates and confidence intervals and thus, allows an accurate comparison across institutions and bank groups. The results suggest that large banks are the most cost and profit efficient, supporting the concentration process observed in recent years. Foreign banks have achieved a good performance through either the establishment of new affiliates and the acquisition of local banks. The remaining public banks have had improvements in cost efficiency, but are relatively profit inefficient. Finally, we observe a positive impact of capitalization on efficiency. |
| |
Keywords: | Stochastic frontier Bayesian methods Banking system Emerging markets |
本文献已被 ScienceDirect 等数据库收录! |
|