Please use this identifier to cite or link to this item: http://buratest.brunel.ac.uk/handle/2438/9731
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dc.contributor.authorVentouri-Dimitropoulou, A-
dc.contributor.authorChortareas, G-
dc.contributor.authorGirardone, C-
dc.coverage.spatialUK-
dc.coverage.spatialUK-
dc.coverage.spatialUK-
dc.coverage.spatialUK-
dc.date.accessioned2015-01-14T09:50:41Z-
dc.date.available2009-
dc.date.available2015-01-14T09:50:41Z-
dc.date.issued2009-
dc.identifier.citationApplied Financial Economics, 19(16): 1317 - 1328, (2009)en_US
dc.identifier.issn0960-3107-
dc.identifier.urihttp://www.tandfonline.com/doi/abs/10.1080/09603100802599506#.VLY6JTZFB9A-
dc.identifier.urihttp://bura.brunel.ac.uk/handle/2438/9731-
dc.description.abstractWe provide a characterization of the Greek banking system’s efficiency and productivity under the new environment that the Economic and Monetary Union (EMU) participation implies. We consider cost and profit efficiency as well as productivity change of commercial banks using the nonparametric Data Envelopment Analysis (DEA) and the Total Factor Productivity (TFP) Malmquist Index. The period under study is 1998–2003 covering Greece’s entry into the euro area in 2001 and the run-up to it. Moreover, enhanced competition along with lower inflation and interest rates has further motivated financial innovation and Off-Balance Sheet (OBS) business. Our findings suggest that cost efficiency has risen by 4.3% over the 6 years under study. Moreover, Greek banks seem to enjoy relatively high profit efficiency (on average 75%) showing an increase by 93% over 1998–2003. Similarly, productivity seems to have risen by 15% and this was mainly driven by the improvements in the performance of best-practice institutions. Our results do not show any role for OBS activities in Greek banks’ efficiency. Finally, while the impact of profitability and size on efficiency and productivity yields mixed results, our empirical findings seem to corroborate previous studies in that controlling for risk preferences is important in determining bank efficiency.en_US
dc.format.extent1317 - 1328-
dc.format.extent1317 - 1328-
dc.format.extent1317 - 1328-
dc.format.extent1317 - 1328-
dc.languageEnglish-
dc.language.isoenen_US
dc.publisherTaylor and Francisen_US
dc.subjectGreek banking systemen_US
dc.subjectEconomic and monetary unionen_US
dc.subjectData envelopment analysisen_US
dc.subjectTotal factor productivityen_US
dc.subjectMalmquist indexen_US
dc.titleEfficiency and productivity of Greek banks in the EMU eraen_US
dc.typeArticleen_US
dc.identifier.doihttp://dx.doi.org/10.1080/09603100802599506-
dc.relation.isPartOfApplied Financial Economics-
dc.relation.isPartOfApplied Financial Economics-
dc.relation.isPartOfApplied Financial Economics-
dc.relation.isPartOfApplied Financial Economics-
pubs.issue16-
pubs.issue16-
pubs.issue16-
pubs.issue16-
pubs.publication-statusPublished-
pubs.publication-statusPublished-
pubs.publication-statusPublished-
pubs.publication-statusPublished-
pubs.volume19 (2009)-
pubs.volume19 (2009)-
pubs.volume19 (2009)-
pubs.volume19 (2009)-
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Appears in Collections:Dept of Economics and Finance Research Papers

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