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pro vyhledávání: '"Konstantinos N. Baltas"'
Autor:
Konstantinos N. Baltas, Robert Mann
Publikováno v:
The European Journal of Finance. :1-19
Publikováno v:
Annals of Operations Research. 318:619-683
We propose a new approach to evaluate and compare ex-ante the risk-adjusted efficiency gains or losses of potential mergers and acquisitions (M &A). We test our methodology in the banking sector by estimating a latent class stochastic frontier model
The Investigation of Heterogeneous Productions Technologies: Implications for the Banking Efficiency
Publikováno v:
SSRN Electronic Journal.
Surveys of bank efficiency intrinsically draw conclusions based on the assumption that all banks in a sample use the same production technology. Neglecting the existence of unobserved differences in technological regimes might distort efficiency esti