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The effects of sector reforms on the productivity of Greek banks: a step-by-step analysis of the pre-Euro era

Panagiotis Tziogkidis (), Kent Matthews () and Dionisis Philippas

Annals of Operations Research, 2018, vol. 266, issue 1, 531-549

Abstract: Abstract The paper analyses the effects on the productivity of Greek commercial banks of sector regulatory reforms in the pre-Euro era, using the Global Malmquist Index. In a bootstrap Data Envelopment Analysis framework, we propose an alternative to smoothing that utilises the Pearson system random number generator, offering greater flexibility in the choice of the fitting distribution. In the context of a step-by-step approach, we demonstrate the contribution of deregulatory commercial freedoms to greater productivity and the negative effect of prudential controls. Our findings offer insights into the current state of the Greek banking sector, suggesting that the imposition of additional prudential controls may have a detrimental impact on the productivity of Greek banks, given the adverse business conditions.

Keywords: Bank productivity; Bank regulation; Global Malmquist Index; Moments bootstrap DEA (search for similar items in EconPapers)
JEL-codes: C14 G21 G28 (search for similar items in EconPapers)
Date: 2018
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