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A bootstrap approach to analyse productivity growth in European banking / C. Murillo-Melchor in Journal of the operational research society (JORS), Vol. 61 N° 12 (Décembre 2010) 

Public ISBD [article]  in Journal of the operational research society (JORS) > Vol. 61 N° 12 (Décembre 2010) . - pp. 1729–1745 Titre : A bootstrap approach to analyse productivity growth in European banking Type de document : texte imprimé Auteurs : C. Murillo-Melchor, Auteur ; J. M. Pastor, Auteur ; E. Tortosa-Ausina, Auteur Année de publication : 2011 Article en page(s) : pp. 1729–1745 Note générale : Recherche opérationnelle Langues : Anglais (eng) Mots-clés : Bank  Bootstrap  Malmquist  productivity  index Index. décimale : 001.424 Résumé : This paper analyses productivity growth for European banks over the 1995–2001 period. In contrast to previous literature, our study covers the majority of current European Union (EU) countries—all except Greece and those joining the EU in 2004. We also use resampling methods so as to gain statistical precision, which turns out to be especially important due to the limitations of the database. In order to be consistent, we use additional nonparametric methods to disentangle why productivity differentials might exist. Results show that productivity growth has occurred in most countries, mainly due to improvements in production possibilities. The bootstrap analysis yields further evidence given that for many firms and countries productivity growth or decline is not statistically significant. The two-stage analysis provides some extra insights, suggesting that the relevance of environmental variables found in other studies focusing on efficiency could be lessened when focusing on productivity. DEWEY : 001.424 ISSN : 0160-5682 En ligne : http://www.palgrave-journals.com/jors/journal/v61/n12/abs/jors2009114a.html [article] A bootstrap approach to analyse productivity growth in European banking [texte imprimé] / C. Murillo-Melchor, Auteur ; J. M. Pastor, Auteur ; E. Tortosa-Ausina, Auteur . - 2011 . - pp. 1729–1745. Recherche opérationnelle Langues : Anglais (eng) in Journal of the operational research society (JORS) > Vol. 61 N° 12 (Décembre 2010) . - pp. 1729–1745 Mots-clés : Bank  Bootstrap  Malmquist  productivity  index Index. décimale : 001.424 Résumé : This paper analyses productivity growth for European banks over the 1995–2001 period. In contrast to previous literature, our study covers the majority of current European Union (EU) countries—all except Greece and those joining the EU in 2004. We also use resampling methods so as to gain statistical precision, which turns out to be especially important due to the limitations of the database. In order to be consistent, we use additional nonparametric methods to disentangle why productivity differentials might exist. Results show that productivity growth has occurred in most countries, mainly due to improvements in production possibilities. The bootstrap analysis yields further evidence given that for many firms and countries productivity growth or decline is not statistically significant. The two-stage analysis provides some extra insights, suggesting that the relevance of environmental variables found in other studies focusing on efficiency could be lessened when focusing on productivity. DEWEY : 001.424 ISSN : 0160-5682 En ligne : http://www.palgrave-journals.com/jors/journal/v61/n12/abs/jors2009114a.html