Ashton, J.K., 1998. Cost efficiency and UK building societies. An econometric panel-data study employing a flexible fourier functional form. Working Paper. Bournemouth: Bournemouth University.
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Official URL: http://ibal.bmth.ac.uk/pdf_docs/280.pdf
The paper empirically quantifies firm specific 'distribution free' cost efficiency, economies of scale and economies of scope in the UK building society sector between 1990-1995. Both a flexible Fourier and a translog functional form are employed with an intermediation representation of depository institution production. Differences in the performance of these two functional forms are found. A broad distribution of cost efficiency over the sample period is observed, with a mean efficiency of 76 per cent estimated using the flexible Fourier form and a mean efficiency of 72.52 per cent estimated employing the translog form. Distinct results for economies of scale are produced with the two models.
|Item Type:||Monograph (Working Paper)|
|Subjects:||Social Sciences > Finance and Financial Economics|
Social Sciences > Commerce
|Group:||Faculty of Management|
|Deposited By:||INVALID USER|
|Deposited On:||28 May 2007|
|Last Modified:||07 Mar 2013 14:38|
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