Banking Efficiency in Visegrad Countries Before Joining the European Union

Daniel Stavarek

Finance from University Library of Munich, Germany

Abstract: This paper is the first attempt to estimate commercial banks’ efficiency in the Visegrad region before joining the EU and also to consider differences in efficiency across the countries. Employing Data Envelopment Analysis, we analyze which of the banking sectors is the most efficient and whether there has been an improvement in banking intermediation efficiency since 1999. Incorporating censored Tobit regression analysis we try to detect whether the cross-country differences should be explained by country specific environmental factors or internal variables such as profitability, size or foreign ownership. Overall, the results suggest that since 1999 there has been, with the exception of Hungary, no improvement in efficiency, and its actual level reaches preferably moderate levels. Efficiency differences among Visegrad banking industries seem to be in the first place determined by country specific factors.

Keywords: banking efficiency; Visegead countries; Data Envelopment Analysis; Tobit model; banking intermediation (search for similar items in EconPapers)
JEL-codes: C14 C34 G21 (search for similar items in EconPapers)
Date: 2003-12-16
Note: Type of Document - pdf; prepared on WinXP; to print on A4;
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/fin/papers/0312/0312010.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpfi:0312010

Access Statistics for this paper

More papers in Finance from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).