Changes in ownership structure and bank efficiency in Asian developing countries: The role of financial freedom

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• 作者：Kun-Li Lin^a ; ^{kllin@fcu.edu.tw" class="auth_mail" title="E-mail the corresponding author} ; Anh Tuan Doan^b ; ^{tuanda@dlu.edu.vn" class="auth_mail" title="E-mail the corresponding author} ; Shuh-Chyi Doong^c ; ^{scdoong@dragon.nchu.edu.tw" class="auth_mail" title="E-mail the corresponding author}
• 关键词：Ownership changes ; Bank efficiency ; Financial freedom
• 刊名：International Review of Economics & Finance
• 出版年：2016
• 出版时间：May 2016
• 年：2016
• 卷：43
• 期：Complete
• 页码：19-34
• 全文大小：306 K

文摘

This paper investigates the effect of the changes in bank ownership on cost efficiency across twelve Asian developing economies. We also evaluate how financial freedom shapes the effect of the changes in bank ownership on cost efficiency. Using stochastic frontier approach to estimate bank efficiency scores during the period 2003–2012, we find that foreign presence improves bank efficiency, primarily in countries with high financial freedom. In addition, our results also show that increased government (domestic) ownership of bank appears to improve (impede) bank efficiency in countries with more financial freedom after financial crisis.