Efficiency of Financial Institutions: International Survey and Directions for Future Research

European Journal of Operational Research 98, April 1997: 175-212

Posted: 15 Dec 1997

See all articles by Allen N. Berger

Allen N. Berger

University of South Carolina - Darla Moore School of Business; Wharton Financial Institutions Center; European Banking Center

David B. Humphrey

Florida State University - Department of Finance

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Abstract

Note: The following is a description of the paper and not the actual abstract.

The results of applying frontier efficiency analysis to financial institutions are surveyed. While most of the 130 studies have been applied to U.S. financial institutions, 21 countries are covered overall. We find that the various nonparametric and parametric frontier methodologies generally differ both in terms of reported average efficiency as well as in rankings of financial firms by their efficiency level. The results of these studies for government policy, methodological issues, and managerial performance are also summarized and topics where further analysis would prove useful are identified.

JEL Classification: G21, G28, E58, E61, F33

Suggested Citation

Berger, Allen N. and Humphrey, David B., Efficiency of Financial Institutions: International Survey and Directions for Future Research. European Journal of Operational Research 98, April 1997: 175-212. Available at SSRN: https://ssrn.com/abstract=8410

Allen N. Berger (Contact Author)

University of South Carolina - Darla Moore School of Business ( email )

1705 College St
Francis M. Hipp Building
Columbia, SC 29208
United States
803-576-8440 (Phone)
803-777-6876 (Fax)

Wharton Financial Institutions Center

Philadelphia, PA 19104-6367
United States

European Banking Center

P.O. Box 90153
Tilburg, 5000 LE
Netherlands

David B. Humphrey

Florida State University - Department of Finance ( email )

Tallahassee, FL 32306-1042
United States
850-644-7899 (Phone)
850-668-6696 (Fax)

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