The efficiency of financial institutions: A review and preview of research past, present and future

Aly, 1990, Technical, scale, and allocative efficiencies in U.S. banking: An empirical investigation, Review of Economics and Statistics, 72, 211, 10.2307/2109710

Bauer, 1993, Efficiency and productivity growth in U.S. banking, 386

Berg, 1993, Banking efficiency in the Nordic countries, Journal of Banking and Finance, 17, 371, 10.1016/0378-4266(93)90038-F

Berg, 1991, Technical efficiency of Norwegian banks: A nonparametric approach to efficiency measurement, Journal of Productivity Analysis, 2, 127, 10.1007/BF00156343

Berger, 1991, The profit-concentration relationship in banking

Berger, 1993, ‘Distribution-free’ estimates of efficiency in the U.S. banking industry and tests of the standard distributional assumptions, Journal of Productivity Analysis, 4, 10.1007/BF01073413

Berger, 1991, The dominance of inefficiencies over scale and product mix economies in banking, Journal of Monetary Economics, 28, 117, 10.1016/0304-3932(91)90027-L

Berger, 1992, Megamergers in banking and the use of cost efficiency as an antitrust defense, Antitrust Bulletin, 37, 541, 10.1177/0003603X9203700302

Berger, 1992, Measurement and efficiency issues in commercial banking, 245

Berger, 1993, Bank efficiency derived from the profit function, Journal of Banking and Finance, 17, 317, 10.1016/0378-4266(93)90035-C

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

Buono, 1990, Branching restrictions and banking costs, Journal of Banking and Finance, 14, 1151, 10.1016/0378-4266(90)90006-N

Cebenoyan, 1993, The relative efficiency of stock vs. mutual S&Ls: A stochastic cost frontier approach, Journal of Financial Services Research, 7, 10.1007/BF01046903

Cornett, 1992, Changes in corporate performance associated with bank acquisitions, Journal of Financial Economics, 31, 211, 10.1016/0304-405X(92)90004-H

Cummins, 1979, A note on the relative efficiency of property-liability insurance distribution systems, Bell Journal of Economics, 10, 709, 10.2307/3003362

Cummins, 1993, Measuring cost efficiency in the property-liability insurance industry, Journal of Banking and Finance, 17, 463, 10.1016/0378-4266(93)90046-G

Dowling, 1990, Economies of scale in the U.S. savings and loan industry, Applied Economics, 22, 237, 10.1080/00036849000000065

Elyasiani, 1990, A non-parametric approach to measurement of efficiency and technological change: The case of large U.S. commercial banks, Journal of Financial Services Research, 4, 157, 10.1007/BF00352569

English, 1993, Output allocative and technical efficiency of the financial services sector, Journal of Banking and Finance, 17, 349, 10.1016/0378-4266(93)90036-D

Fama, 1983, Separation of ownership and control, Journal of Law and Economics, 26, 301, 10.1086/467037

Färe, 1993, Measuring efficiency in branch banking: An activity analysis approach, Journal of Banking and Finance, 17, 539, 10.1016/0378-4266(93)90052-F

Farrell, 1957, The measurement of productive efficiency, Journal of the Royal Statistical Society A, 120, 253, 10.2307/2343100

Ferrier, 1990, Measuring cost efficiency in banking: Econometric and linear programming evidence, Journal of Econometrics, 46, 229, 10.1016/0304-4076(90)90057-Z

Ferrier, 1991

Fields, 1989, An analysis of efficiency in the delivery of financial services: The case of life insurance agencies, Journal of Financial Services Research, 2, 323, 10.1007/BF00114412

Fixler, 1991

Fixler, 1993, An index number approach to measuring bank efficiency: An application to mergers, Journal of Banking and Finance, 17, 437, 10.1016/0378-4266(93)90043-D

Flannery, 1984, The social costs of unit banking restrictions, Journal of Monetary Economics, 13, 237, 10.1016/0304-3932(84)90017-5

Fried, 1993, Evaluating the performance of US credit unions, Journal of Banking and Finance, 17, 251, 10.1016/0378-4266(93)90031-8

Gardner, 1993, X-efficiency in the U.S. life insurance industry, Journal of Banking and Finance, 17, 497, 10.1016/0378-4266(93)90048-I

Goldstein, 1987, Scale economies in the savings and loan industry before diversification, Journal of Economics and Business, 39, 199, 10.1016/0148-6195(87)90017-8

Grabowski, 1993, Organizational forms in banking: An empirical investigation of cost efficiency, Journal of Banking and Finance, 17, 531, 10.1016/0378-4266(93)90051-E

Grace, 1992, An examination of economies of scale and scope in the U.S. life insurance industry, Journal of Risk and Insurance, 24, 72, 10.2307/253217

Hancock, 1992

Hermalin, 1992

Hughes, 1992, A quality and risk-adjusted cost function for banks: Evidence on the ‘Too-Big-to Fail’ doctrine

Humphrey, 1990, Why do estimates of bank scale economies differ?, 76, 38

Hunter, 1986, Technical change, organizational form, and the structure of bank productivity, Journal of Money, Credit and Banking, 18, 152, 10.2307/1992199

Hunter, 1991, Technological change in large U.S. commercial banks, Journal of Business, 64, 339, 10.1086/296541

Hunter, 1993, Core deposits and branch capital: A reexamination of bank scale economies and efficiency with quasi-fixed inputs, Journal of Money, Credit and Banking, 25

Hunter, 1990, An examination of cost subadditivity and multiproduct in large U.S. banks, Journal of Money, Credit and Banking, 22, 504, 10.2307/1992434

Kim, 1985, Scale economies in banking: A methodological note, Journal of Money, Credit and Banking, 17, 96, 10.2307/1992509

Kim, 1986, Economies of scale and economies of scope in multiproduct financial institutions: Further evidence from credit unions, Journal of Money, Credit and Banking, 18, 220, 10.2307/1992205

Kolari, 1990, Economies of scale and scope in thrift institutions: The case of Finnish cooperative and savings banks, Scandinavian Journal of Economics, 92, 437, 10.2307/3440010

Kopp, 1982, The decomposition of frontier cost function deviations into measures of technical and allocative inefficiency, Journal of Econometrics, 19, 319, 10.1016/0304-4076(82)90008-2

LeCompte, 1990, Changes in the cost of intermediation: The case of savings and loans, Journal of Finance, 45, 1337, 10.2307/2328731

Leibenstein, 1966, Allocative efficiency vs. ‘X-efficiency’, American Economic Review, 56, 392

Linder, 1992

Mayers, 1988, Ownership structure across lines of property causally insurance, Journal of Law and Economies, 31, 351, 10.1086/467160

McAllister, 1993, Resolving the scale efficiency puzzle in banking, Journal of Banking and Finance, 17, 389, 10.1016/0378-4266(93)90039-G

Mester, 1987, A multiproduct cost study of savings and loans, Journal of Finance, 42, 423, 10.2307/2328260

Mester, 1989, Testing for expense preference behavior: Mutual versus stock savings and loans, Rand Journal of Economics, 20, 483, 10.2307/2555729

Mester, 1991, Agency costs among savings and loans, Journal of Financial Intermediation, 3, 257, 10.1016/1042-9573(91)90010-W

Mester, 1993, Efficiency in the savings and loan industry, Journal of Banking and Finance, 17, 267, 10.1016/0378-4266(93)90032-9

Murray, 1983, Economies of scale and economies of scope in multiproduct financial institutions: A study of British Columbia credit unions, Journal of Finance, 38, 887, 10.2307/2328088

Noulas, 1990, Returns to scale and input substitution for large U.S. banks, Journal of Money, Credit, and Banking, 22, 94, 10.2307/1992130

Pi, 1993, Corporate control and bank efficiency, Journal of Banking and Finance, 17, 515, 10.1016/0378-4266(93)90050-N

Pulley, 1993, The role of fixed costs and cost complementarities in determining scope economies and the cost of narrow banking proposals, Journal of Business, 66

Rangan, 1988, The technical efficiency of U.S. banks, Economics Letters, 28, 169, 10.1016/0165-1765(88)90109-7

Rhoades, 1986, The operating performance of acquired firms in banking before and after acquisition, 149

Rhoades, 1990

Rhoades, 1993, The efficiency effects of horizontal bank mergers, Journal of Banking and Finance, 17, 411, 10.1016/0378-4266(93)90041-B

Rossi, 1992

Savage, 1991

Shaffer, 1993, Can megamergers improve bank efficiency?, Journal of Banking and Finance, 17, 423, 10.1016/0378-4266(93)90042-C

Spindt, 1992

Srinivasan, 1992, Are there cost savings from bank mergers?, Federal Reserve Bank of Atlanta Economic Review, 17

Srinivasan, 1992

Timme, 1991

Weiss, 1991, Efficiency in the property-liability insurance industry, Journal of Risk and Insurance, 58, 452, 10.2307/253402

Yuengert, 1993, The measurement of efficiency in life insurance: Estimates of a mixed normal-gamma error model, Journal of Banking and Finance, 17, 483, 10.1016/0378-4266(93)90047-H

Zieschang, 1983, A note on the decomposition of cost inefficiency into technical and allocative components, Journal of Econometrics, 23, 401, 10.1016/0304-4076(83)90067-2