Applying the non-standard profit function to studying the synergy of Taiwan's commercial banks

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Title:	Applying the non-standard profit function to studying the synergy of Taiwan's commercial banks
Other Titles:	應用非標準利潤函數分析我國商業銀行的經營綜效
Authors:	Huang, Kuo-jui
Keywords:	Non-standard profit function;Stochastic meta-frontier model;Financial and non-financial holding bank;Scale and scope economies;Synergy
Date:	2024-03
Issue Date:	2024-07-31 12:05:45 (UTC+8)
Publisher:	臺灣財務金融學會
Abstract:	This paper utilizes the Restrepo-Tobón and Kumbhakar (2017) non-standard profit function to address output price mismeasurement and market imperfection issues in Taiwan's banking industry. We estimate and compare the synergy of financial holding banks (FHBs) and non-financial holding banks (Non-FHBs) in terms of various efficiency measures. Non-FHB private banks exhibit the highest meta-frontier cost, revenue, and profit efficiencies. Non-FHB pan-public banks follow, FHB private banks rank third, and FHB pan-public banks perform the least efficiently. Overall, Non-FHBs outperform FHBs, with private banks demonstrating the highest efficiency scores across measures, while pan-public and foreign banks show similar performance.
Relation:	Journal of Financial Studies 32(1),　p.1-47
DOI:	10.6545/JFS.202403_32(1).0001
Appears in Collections:	[Graduate Institute & Department of Banking and Finance] Journal Article

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