Bank Efficiency and Shareholder Value in Asia Pacific
Research output: Contribution to journal › Article › peer-review
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In: Journal of International Financial Markets, Institutions and Money, Vol. 33, 23.08.2014, p. 200-222.
Research output: Contribution to journal › Article › peer-review
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TY - JOUR
T1 - Bank Efficiency and Shareholder Value in Asia Pacific
AU - Molyneux, P.
AU - Fu, X.
AU - Lin, Y.
PY - 2014/8/23
Y1 - 2014/8/23
N2 - This paper uses dynamic panel estimation approaches to investigate the relationship between shareholder value and efficiency for a large sample of commercial banks in 14 Asia-Pacific economies between 2003 and 2010. In general, the results indicate that shareholder value is positively linked to improvements in both cost and profit efficiency, and the influence varies over time. The findings also suggest that bank size, credit losses, and market risk significantly influence bank performance. These results are robust to various model specifications.
AB - This paper uses dynamic panel estimation approaches to investigate the relationship between shareholder value and efficiency for a large sample of commercial banks in 14 Asia-Pacific economies between 2003 and 2010. In general, the results indicate that shareholder value is positively linked to improvements in both cost and profit efficiency, and the influence varies over time. The findings also suggest that bank size, credit losses, and market risk significantly influence bank performance. These results are robust to various model specifications.
U2 - 10.1016/j.intfin.2014.08.004
DO - 10.1016/j.intfin.2014.08.004
M3 - Article
VL - 33
SP - 200
EP - 222
JO - Journal of International Financial Markets, Institutions and Money
JF - Journal of International Financial Markets, Institutions and Money
SN - 1042-4431
ER -