Efficiency in Australian building societies: An econometric cost function approach using panel data
Worthington, Andrew C. (1998) Efficiency in Australian building societies: An econometric cost function approach using panel data. Applied Financial Economics, 8(5), pp. 459-467.
Maximum-likelihood estimates of a stochastic cost frontier function incorporating efficiency effects are obtained for twenty-two Australian building societies in the period 1992-1995. Cost inefficiency scores indicate that building societies’ costs were twenty percent above what could be considered necessary. The results also indicate that capital adequacy restrictions are not a significant influence on the level of inefficiency; though branch and agency networks, asset size, and non-core commercial activities are. At the industry level that there has been an improvement in the level of cost efficiency of Australian building societies during the period in question.
Impact and interest:
Citation counts are sourced monthly from and citation databases.
These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.
Citations counts from theindexing service can be viewed at the linked Google Scholar™ search.
Full-text downloads displays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.
|Item Type:||Journal Article|
|Keywords:||Cost frontiers, building societies, cost efficiency|
|Subjects:||Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Financial Economics (140207)
Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > ECONOMETRICS (140300) > Econometrics not elsewhere classified (140399)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BANKING FINANCE AND INVESTMENT (150200) > Financial Institutions (incl. Banking) (150203)
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
|Copyright Owner:||Copyright 1998 Taylor & Francis|
|Copyright Statement:||First published in Applied Financial Economics 8(5):pp. 459-467.|
|Deposited On:||25 Nov 2005 00:00|
|Last Modified:||05 Jan 2011 13:26|
Repository Staff Only: item control page