This paper surveys 130 studies that apply frontier efficiency analysis to financial institutions
in 21 countries. The primary goals are to summarize and critically review empirical estimates …

This paper reviews the role of competition in banking against the background of a
transforming sector. It uses industrial organization and modern financial intermediation …

Over the past several years, substantial research effort has gone into measuring the
efficiency of financial institutions. Many studies have found that inefficiencies are quite large …

This article designs a framework for evaluating the causes, consequences, and future
implications of financial services industry consolidation, reviews the extant research …

A common assumption in the academic literature and in the supervision of banking systems
is that franchise value plays a key role in limiting bank risk-taking. As market power is the …

This paper examines technological progress and its effects in the banking industry. Banks
are intensive users of both IT and financial technologies, and have a wealth of data …

The consolidation of banks around the world in recent years is intensifying public policy
debates on the influences of concentration and competition on the performance of banks. In …

This paper investigates the effects of focus versus diversification on bank performance using
data on Chinese banks during the 1996–2006 period. We construct a new measure …

MERGERS AND ACQUISITIONS among very large financial institutions are becoming more
frequent in markets around the world, attracting the attention of policymakers, researchers …

This paper examines the efficiency and price effects of mergers by applying a frontier profit
function to data on bank 'megamergers'. We find that merged banks experience a statistically …