Stochastic Frontier Analysis

Technical and allocative efficiency Translog cost function Maximum likelihood European banking 1. Introduction Several studies have estimated bank efficiency using either parametric or linear programming frontiers.1 Linear programming methods present well-known difficulties in incorporating a stochastic component in the statistical model, even though some progress has been made in this field recently (see e.g. Kao and Liu, 2009). Likewise, the decomposition of overall cost efficiency into its technical

. . . . . . . . . . . . . . . . . . . . . . . . 52 2.2 Measuring Efficiency : Theoretical Framework . . . . . . . . . . . . 57 2.2.1 Stochastic Frontier Models . . . . . . . . . . . . . . . . . . . 57 2.2.2 Data Envelopment Analysis . . . . . . . . . . . . . . . . . . 59 Model specification and Data . . . . . . . . . . . . . . . . . . . . . 61 2.3.1 Frontier Analysis . . . . . . . . . . . . . . . . . . . . . . . . 61 v 2.3 2.4 2.5 2.6 2.7 2.3.2 DEA Specification . . . . . . . . . . . . .

Can Public Sector Banks Compete with Foreign / Private Banks? A Statistical Analysis Dr. K.S.SRINIVASA RAO Prof. CHOWDARI PRASAD Associate Professor (QM Area) Associate Professor (Finance Area) Official e-mail: srinivas@mail.tapmi.org chowdarip@mail.tapmi.org Personal e-mail: srinirao35@yahoo.com chowdarip@yahoo.co.in T.A.PAI Management Institute (TAPMI), MANIPAL – 576 104 Udupi District, Karnataka, India, Ph. (Office): 0820 – 257 1358 / 257 3162 / 257 3163

research is to investigate the effect of corporate culture on disclosure level of Tunisian firms in annual reports. We have used Fey and Denison (2003) index’s to measure corporate culture and developed a new measure of disclosure level based on Stochastic Frontier Approach. Multivariate analyses results throughout a sample of 39 listed firms confirm the relationship between corporate culture and firm disclosure level. Keywords: Voluntary disclosure, disclosure level, corporate culture Impact

internal factors (i.e. banks’ specific characteristics) and to what extent by external factors (i.e. macroeconomic and financial market structure) in view of the ongoing process of integration and concentration. Although a growing literature uses efficient frontier approaches to examine the profit and cost efficiency of EU banks (e.g., Altunbas et al., 2001; Schure et al., 2004), to our best knowledge, there are only few studies that focus on the determinants of profitability while focusing on the EU as a total1

dépenses publiques à long terme : Cas du Maroc de 1970 à 2003. Abizadeh S et Yousefi M. “An Empirical Analysis of South Korea’s Economic Development and public Expenditures Growth(1998) Abdul Qayyum, 2008, "Financial Sector Reforms and The Efficiency of Banking in Pakistan", PIDEWorkingPapers, Pakistan Institute of Development Economics. Abreu, M., de Groot, H.L.F. & Florax, R.J.G.M. 2005, "A meta-analysis of β-convergence: Thelegendary 2%", Journal of Economic Surveys, vol. 19, no. 3, pp. 389-420. Adler

Revue Libanaise de Gestion et d’Economie | No 5, 2010 Gouvernance et efficience des banques tunisiennes : étude par l’approche de frontière stochastique Salima TAKTAK Abstract: Corporate Governance and Efficiency of Tunisians Banks: a Stochastic Frontier Production approach The corporate governance problem is likely to be worse in banks due to their attributes (greater opaqueness than other industries, greater government regulation...) that weaken many traditional governance mechanisms. The

therefore designed to provide answers to the following research questions. Firstly, what are the key factors influencing the adoptions and non-adoptions of urban agriculture in Abuja? Are urban farmers are operating at the frontier level of production or below frontier? What are the major constraints affecting farming activities in Abuja? What is the level of income accruable from urban agriculture? 1.3 OBJECTIVE OF THE STUDY The general objective is to carry out an economic appraisal

at proposing innovative solutions for the optimisation of a sustainable supply chain under supply uncertainty, with an application to the liquid bulk distribution problem encountered by Air Liquide. In this research we investigate both robust and stochastic solutions, depending on the desired objectives. We study both an inventory routing problem (IRP) and a production planning and customer allocation problem. For the IRP, we aim at obtaining a routing plan with a small time horizon (15 days) that

stick perfectly to the demand of notebooks in libraries). Moreover, the final customers demand will still push the retailers to store a “just in case stock”, because the demand, especially for consumer goods such as Philips DVDs players, remains stochastic and volatile. Consequently, the verb minimize or shorten should be used instead of eliminate. Is it worth it? First, it is worth if the goods can bear the extra costs needed for the implementation of bullwhip effect healing techniques, indeed