Skip navigation
User training | Reference and search service

Library catalog

EDS
b-on
More
resources
Content aggregators
Please use this identifier to cite or link to this item:

acessibilidade

http://hdl.handle.net/10071/11159
acessibilidade
Title: Dynamic effects in inefficiency: evidence from the Colombian banking sector
Authors: Galán, J. E.
Veiga, H.
Wiper, M. P.
Keywords: Productivity and competitiveness
Banks efficiency
Bayesian inference
Dynamic effects
Heterogeneity
Issue Date: 2015
Publisher: Elsevier
Abstract: Firms face a continuous process of technological and environmental changes that requires them to make managerial decisions in a dynamic context. However, costs and constraints prevent firms from making instant adjustments towards optimal conditions and may cause inefficiency to persist in time. We propose a dynamic inefficiency specification that captures differences in the adjustment costs among firms and non-persistent effects of inefficiency heterogeneity. The model is fitted to a ten year sample of Colombian banks. The new specification improves model fit and have effects on efficiency estimations. Overall, Colombian banks present high inefficiency persistence but important differences between institutions are found. In particular, merged banks present low adjustment costs that allow them to recover rapidly efficiency losses derived from merging processes.
Peer reviewed: yes
URI: http://hdl.handle.net/10071/11159
DOI: 10.1016/j.ejor.2014.07.005
ISSN: 0377-2217
Ciência-IUL: https://ciencia.iscte-iul.pt/id/ci-pub-28651
Accession number: WOS:000343347300026
Appears in Collections:BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica

Files in This Item:
acessibilidade
File Description SizeFormat 
Veiga_EJOR_2015.pdfVersão Editora579.43 kBAdobe PDFView/Open    Request a copy


FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpace
Formato BibTex MendeleyEndnote Currículo DeGóis 

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.