In recent years, changes in laws and regulations have greatly increased the opportunities for
commercial banks and other depository financial institutions to expand their operations …

This paper compares two techniques for estimating production economies and efficiencies.
One approach involves the econometric estimation of a cost frontier; the second is a series …

Conventional scale and scope economies are inadequate to determine the competitive
viability of banks that vary in scale and product mix simultaneously. This paper develops two …

Productivity growth during the deregulation of the Norwegian banking industry is studied
within the framework of Data Envelopment Analysis, which explicitly allows for multiple …

Prior studies show that enterprise risk management improves firm performance. This article
investigates which aspects of enterprise risk management add value. We find that the use of …

Modern Banking focuses on the theory and practice of banking, and its prospects in the new
millennium. The book is written for courses in banking and finance at Masters/MBA level, or …

This book provides a compendium to the empirical work investigating the hypotheses
generated by recent banking theory. Such a compendium is overdue. Since the publication …

We present an empirical model of firm behavior in the presence of switching costs.
Customers' transition probabilities, embedded in firms' value maximization, are used in a …

The problem of measuring the impact of information technology on economic performance at
the business unit or enterprise level is receiving increased attention. We develop a …

THE UNITED STATES COMMERCIAL BANKING INDUSTRY has experienced significant
changes in recent years. The recent wave of mergers and the near-term prospects of …