Globalization and bank efficiency nexus: Symbiosis or parasites?

Abidin, 2007, Frontier approaches to production efficiency of commercial banks in Indonesia, Manajemen dan Usahawan, 36, 9 Agénor, 2004, Does globalization hurt the poor?, International Economics and Economics Policy, 1, 21, 10.1007/s10368-003-0004-3 Akhavein, 1997, The effects of megamergers on efficiency and prices: evidence from a bank profit function, Review of Industrial Organization, 12, 95, 10.1023/A:1007760924829 Al-Sharkas, 2008, The impact of mergers and acquisitions on the efficiency of the U.S. banking industry: further evidence, Journal of Business, Finance and Accounting, 35, 50, 10.1111/j.1468-5957.2007.02059.x Arribas, 2009, Measuring globalization of international trade: theory and evidence, World Development, 37, 127, 10.1016/j.worlddev.2008.03.009 Ataullah, 2006, Economic reforms and bank efficiency in developing countries: the case of the Indian banking industry, Applied Financial Economics, 16, 653, 10.1080/09603100500407440 Athanasoglou, 2008, Bank specific, industry specific and macroeconomic determinants of bank profitability, Journal of International Financial Markets, Institutions and Money, 18, 121, 10.1016/j.intfin.2006.07.001 Banker, 2005, Productivity change, technical progress, and relative efficiency change in the public accounting industry, Management Science, 51, 291, 10.1287/mnsc.1040.0324 Banker, 1984, Some models for estimating technical and scale inefficiencies in data envelopment analysis, Management Science, 30, 1078, 10.1287/mnsc.30.9.1078 Banker, 2010, Differential impact of Korean banking system reforms on bank productivity, Journal of Banking and Finance, 34, 1450, 10.1016/j.jbankfin.2010.02.023 Banker, 2008, Evaluating contextual variables affecting productivity using data envelopment analysis, Operations Research, 56, 48, 10.1287/opre.1070.0460 Beck, 2004, Stock markets, banks, and growth: panel evidence, Journal of Banking and Finance, 28, 423, 10.1016/S0378-4266(02)00408-9 Benston, 1965, Branch banking and economies of scale, Journal of Finance, 20, 312, 10.1111/j.1540-6261.1965.tb00212.x Berger, 1997, Problem loans and cost efficiency in commercial banks, Journal of Banking and Finance, 21, 849, 10.1016/S0378-4266(97)00003-4 Berger, 1997, Efficiency of financial institutions: international survey and directions for future research, European Journal of Operational Research, 98, 175, 10.1016/S0377-2217(96)00342-6 Berger, 1993, The efficiency of financial institutions: a review and preview of research past, present and future, Journal of Banking and Finance, 17, 221, 10.1016/0378-4266(93)90030-H Berger, 1987, Competitive viability in banking: scale scope and product mix economies, Journal of Monetary Economics, 20, 501, 10.1016/0304-3932(87)90039-0 Berger, 1995, The relationship between capital and earnings in banking, Journal of Money, Credit and Banking, 27, 432, 10.2307/2077877 Berger, 2007, International comparisons of banking efficiency, Financial Markets, Institutions and Instruments, 16, 119, 10.1111/j.1468-0416.2007.00121.x Bhattacharyya, 1997, The impact of liberalization on the productive efficiency of Indian commercial banks, European Journal of Operational Research, 98, 332, 10.1016/S0377-2217(96)00351-7 Bikker, 2002, Cyclical patterns in profits, provisioning and lending of banks and procyclicality of the new basel capital requirements, BNL Quarterly Review, 221, 143 Bourke, 1989, Concentration and other determinants of bank profitability in Europe, North America and Australia, Journal of Banking and Finance, 13, 65, 10.1016/0378-4266(89)90020-4 Boyd, 1993, Size and performance of banking firms: testing the predictions theory, Journal of Monetary Economics, 31, 47, 10.1016/0304-3932(93)90016-9 Boyd, 2006, The theory of bank risk taking and competition revisited, The Journal of Finance, 60, 1329, 10.1111/j.1540-6261.2005.00763.x Canals, 1993 Cetorelli, 2001, Banking market structure, financial dependence and growth: international evidence from industry data, Journal of Finance, 56, 617, 10.1111/0022-1082.00339 Chang, 2009, Using Malmquist indexes to measure changes in the productivity and efficiency of US accounting firms before and after the Sarbanes–Oxley Act, Omega, 37, 951, 10.1016/j.omega.2008.08.004 Charnes, 1978, Measuring the efficiency of decision making units, European Journal of Operational Research, 2, 429, 10.1016/0377-2217(78)90138-8 Charnes, 1988, A goal programming/constrained regression version of the Bell System Breakup, Management Science, 34, 1, 10.1287/mnsc.34.1.1 Čihák, M., Maechler, A., Schaeck, K., Stolz, S., 2009. Who disciplines bank managers? Working Paper, International Monetary Fund. Coelli, 1998 Coelli, T., 1996. A Guide to DEAP Version 2.1: A Data Envelopment Analysis (Computer Program). Working Paper, CEPA. De Bandt, 2000, Competition, contestability and market structure in European banking sectors on the eve of EMU, Journal of Banking and Finance, 24, 1045, 10.1016/S0378-4266(99)00117-X De Nicolo, 2003, Bank consolidation, internationalization, and conglomeration: trends and implications for financial risk, Financial Markets, Institutions & Instruments, 13, 173, 10.1111/j.0963-8008.2004.00076.x Demirguc-Kunt, 1999, Determinants of commercial bank interest margins and profitability: some international evidence, World Bank Economic Review, 13, 379, 10.1093/wber/13.2.379 Demirguc-Kunt, 2001, Financial structure and bank profitability di Patti, 2005, Financial sector liberalization, bank privatization, and efficiency: evidence from Pakistan, Journal of Banking and Finance, 29, 2381, 10.1016/j.jbankfin.2005.03.019 Drake, 2003, Efficiency in Japanese banking: an empirical analysis, Journal of Banking and Finance, 27, 891, 10.1016/S0378-4266(02)00240-6 Drake, 2006, The impact of macroeconomic and regulatory factors on bank efficiency: a non-parametric analysis of Hong Kong's banking system, Journal of Banking and Finance, 30, 1443, 10.1016/j.jbankfin.2005.03.022 Dreher, 2006, Does globalization affect growth? Empirical evidence from a new index, Applied Economics, 38, 1091, 10.1080/00036840500392078 Dreher, 2007, Has globalization really had no effect on unions, Kyklos, 60, 165, 10.1111/j.1467-6435.2007.00367.x Dreher, 2008, Has globalization increased inequality, Review of International Economics, 16, 516, 10.1111/j.1467-9396.2008.00743.x Dreher, 2008 Dreher, 2008, The impact of globalization on the composition of government expenditures: evidence from panel data, Public Choice, 134, 263, 10.1007/s11127-007-9223-4 Eichengreen, B., Gibson, H.D., 2001. Greek Banking at The Dawn of the New Millennium. Discussion Paper, CEPR. Evans, 1988, Natural monopoly and the Bell System: response to Charnes, Cooper and Sueyoshi, Management Science, 34, 27, 10.1287/mnsc.34.1.27 Gilbert, 1984, Bank market structure and competition – a survey, Journal of Money, Credit and Banking, 16, 617, 10.2307/1992096 Goddard, 2001 Goddard, 2004, Dynamic of growth and profitability in banking, Journal of Money, Credit and Banking, 36, 1069, 10.1353/mcb.2005.0015 Hadad, M.D., Santoso, W., Ilyas, D., Mardanugraha, E., 2003a. Analisis Efisiensi Industri Perbankan Indonesia: Penggunaan Metode Nonparametric Data Envelopment Analysis (DEA). Working Paper, Bank Indonesia. Hadad, M.D., Santoso, W., Mardanugraha, E., Ilyas, D., 2003b. Pendekatan Parametrik Untuk Efisiensi Perbankan Indonesia. Working Paper, Bank Indonesia. Harada, 2005, Rebuilding the Indonesian banking sector – economic analysis of bank consolidation and efficiency, JBICI Review, 12, 32 Hardy, D.C., di Patti, E.B., 2001. Bank Reform and Bank Efficiency in Pakistan. Working Paper, International Monetary Fund. Hauner, 2005, Explaining differences among large German and Austrian banks, Applied Economics, 37, 969, 10.1080/00036840500081820 Havrylchyk, 2006, Efficiency of the Polish banking industry: foreign versus domestic banks, Journal of Banking and Finance, 30, 1975, 10.1016/j.jbankfin.2005.07.009 Heinemann, 2000, Does globalization restrict budgetary autonomy? A multidimensional approach, Intereconomics, 35, 288, 10.1007/BF02930289 Hsiao, 2010, First financial restructuring and operating efficiency: evidence from Taiwanese commercial banks, Journal of Banking and Finance, 34, 461, 10.1016/j.jbankfin.2010.01.013 Humphrey, 1990, Why do estimates of bank scale economies differ?, Economic Review, 38 Iimi, 2004, Banking sector reforms in Pakistan: economies of scale and scope, and cost complementarities, Journal of Asian Economics, 15, 507, 10.1016/j.asieco.2004.03.004 Isik, 2002, Technical, scale and allocative efficiencies of Turkish banking industry, Journal of Banking and Finance, 26, 719, 10.1016/S0378-4266(01)00167-4 Isik, 2003, Financial disruption and bank productivity: the 1994 experience of Turkish banks, The Quarterly Review of Economics and Finance, 43, 291, 10.1016/S1062-9769(02)00194-1 Kennedy, 2008 Kosmidou, 2008, The determinants of banks’ profits in Greece during the period of EU financial integration, Managerial Finance, 34, 146, 10.1108/03074350810848036 Leightner, 1998, The impact of financial liberalization on the performance of Thai banks, Journal of Economics and Business, 50, 115, 10.1016/S0148-6195(97)00073-8 Levine, 1998, Stock markets, banks, and economic growth, American Economic Review, 88, 537 Levine, 1998, The legal environment, banks, and long run economic growth, Journal of Money, Credit and Banking, 30, 596, 10.2307/2601259 Lozano-Vivas, 2010, The impact of non-traditional activities on the estimation of bank efficiency: international evidence, Journal of Banking and Finance, 34, 1436, 10.1016/j.jbankfin.2010.01.006 Mah, 2002, The impact of globalization on income distribution: the Korean experience, Applied Economics Letters, 9, 1007, 10.1080/13504850210149124 Margono, 2010, Cost efficiency, economies of scale, technological progress and productivity in Indonesian banks, Journal of Asian Economics, 21, 53, 10.1016/j.asieco.2009.06.001 Mayer-Schoenberger, 2000, Globalization of communication, 135 McDonald, 2009, Using least squares and tobit in second stage DEA efficiency analyses, European Journal of Operational Research, 197, 792, 10.1016/j.ejor.2008.07.039 Mester, 1997, Measuring efficiency at U.S. banks: accounting for heterogeneity is important, European Journal of Operational Research, 98, 230, 10.1016/S0377-2217(96)00344-X Miller, 1997, Portfolio mix and large bank profitability in the USA, Applied Economics, 29, 505, 10.1080/000368497326994 Miller, 1996, The technical efficiency of large bank production, Journal of Banking and Finance, 20, 495, 10.1016/0378-4266(95)00017-8 Molyneux, 1992, Determinants of European bank profitability: a note, Journal of Banking and Finance, 16, 1173, 10.1016/0378-4266(92)90065-8 Molyneux, 1996 Molyneux, P., 1993. Structure and Performance in European Banking. Mimeo, University of Wales Bangor. Neely, 1997, Why does bank performance vary across states?, Federal Reserve Bank of St. Louis Review, 27 Noulas, 1990, Returns to scale and input substitution for large U.S. banks, Journal of Money, Credit and Banking, 22, 94, 10.2307/1992130 Omar, 2007, Efficiency and productivity performance of the national private banks in Indonesia, Gadjah Mada International Journal of Business, 9, 1, 10.22146/gamaijb.5603 Pasiouras, 2007, Factors influencing the profitability of domestic and foreign commercial banks in the European Union, Research in International Business and Finance, 21, 222, 10.1016/j.ribaf.2006.03.007 Pasiouras, 2008, Bank efficiency and share performance: evidence from Greece, Applied Financial Economics, 18, 1121, 10.1080/09603100701564346 Pasiouras, 2008, Estimating the technical and scale efficiency of Greek commercial banks: the impact of credit risk, off-balance sheet activities, and international operations, Research in International Business and Finance, 22, 301, 10.1016/j.ribaf.2007.09.002 Patti, 2009, Globalization, democratization and economic growth, Applied Economics Letters, 16, 731, 10.1080/13504850701221840 Perry, 1992, Do banks gain or lose from inflation, Journal of Retail Banking, 14, 25 Putri, 2008, Pengukuran Kinerja Bank Komersial Dengan Pendekatan Efisiensi: Studi Terhadap Perbankan Go-Public di Indonesia, Jurnal Akuntasi & Auditing Indonesia, 12, 37 Rajan, 1998, Financial dependence and growth, American Economic Review, 88, 559 Sathye, 2003, Efficiency of banks in a developing economy: the case of India, European Journal of Operational Research, 148, 662, 10.1016/S0377-2217(02)00471-X Sealey, 1977, Inputs, outputs and a theory of production and cost at depository financial institutions, Journal of Finance, 32, 1251, 10.1111/j.1540-6261.1977.tb03324.x Shanmugam, 2004, Efficiency of Indian commercial banks during the reform period, Applied Financial Economics, 14, 681, 10.1080/0960310042000233458 Short, 1979, The relation between commercial bank profit rate and banking concentration in Canada, Western Europe and Japan, Journal of Banking and Finance, 3, 209, 10.1016/0378-4266(79)90016-5 Srinivasan, 2004, Globalization, growth and the poor, De Economist, 152, 251, 10.1023/B:ECOT.0000023259.85934.03 Staikouras, 2004, The determinants of European bank profitability, International Business and Economics Research Journal, 3, 57 Staikouras, 2008, An empirical investigation of operating performance in the new European banking landscape, Global Finance Journal, 19, 32, 10.1016/j.gfj.2008.01.001 Sufian, 2009, Determinants of bank efficiency during unstable macroeconomic environment: empirical evidence from Malaysia, Research in International Business and Finance, 23, 54, 10.1016/j.ribaf.2008.07.002 Sufian, 2009, Asian financial crisis and the evolution of Korean banks efficiency: a DEA approach, Global Economic Review, 38, 335, 10.1080/12265080903391735 Thakor, 1987, Discussion, Journal of Finance, 42, 661 Unite, 2003, The effect of foreign entry and ownership on the Philippine domestic banking market, Journal of Banking and Finance, 27, 2323, 10.1016/S0378-4266(02)00330-8 White, 1980, A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity, Econometrica, 48, 817, 10.2307/1912934 Yusuf, 2003, Globalization and the challenge for developing countries, Journal of African Economies, 12, 35, 10.1093/jae/12.suppl_1.35