DOES BANKING CONSOLIDATION LEAD TO EFFICIENCY GAINS? EVIDENCE FROM LARGE COMMERCIAL BANKS IN EUROPE AND US
Bernardo Maggi and
Stefania P S Rossi
The IUP Journal of Bank Management, 2006, vol. V, issue 2, 7-35
This article aims at investigating the efficiency of European and US commercial banks. Scale and scope economies indicators, as well as a measurement of X-efficiency are derived from three cost functions: Fourier flexible form, translog and Box-Cox. This allows checking the stability and the robustness of the evidence across the different specifications. Our results over the period 1995-98 show that overall the largest banks do not seem to have higher efficiency scores. Therefore, further enlargement of the production size does not necessarily lead to production gains.
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjbm:v:5:y:2006:i:2:p:7-35
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