Summary of bank efficiency studies by country of study
Country
USA
Canada
Cross-country
Mexico
Cross-country
Norway
Finland
Cross-country
Cyprus
Germany
Greece
Italy
The Netherlands
Portugal
Spain
Switzerland
UK
Cross-country
Hungary
Russia
Kyrgyzstan
Poland
Croatia
Nigeria
Tunisia
Sudan
Studies
North America
(Berger and Humphrey 1991; Mester 1996; Miller and Noulas 1996; Mester
1997; Peristiani 1997; Thompson et al. 1997; Bauer et al. 1998; Seiford and
Zhu 1999; Wheelock and Wilson 1999; Devaney and Weber 2000; Alam 2001;
Berger and Mester 2003; Fung 2006)
(Schaffnit et al. 1997; Paradi et al. 2012)
Central and Latin America
(Carvallo and Kasman 2005)
(Taylor et al. 1997)
Nordic countries
(Berg et al. 1992)
(Berg et al. 1993)
(Kolari and Zardkoohi 1990)
Western Europe
(Altunbas and Chakravarty 1998; Altunbas et al. 1999; Dietsch and LozanoVivas 2000; Altunbas et al. 2001; Bikker 2001; Carbo et al. 2002; Lozano-Vivas
et al. 2002; Maudos et al. 2002; Casu and Molyneux 2003; Casu and Giradone
2004; Casu et al. 2004; Weill 2004; Casu and Giradone 2006; Beccalli 2007; Bos
and Schmiedel 2007; Carbó-Valverde et al. 2007; Olgu and Weyman-Jones
2008; Weill 2008; Murillo-Melchor et al. 2009; Ahmad and Luo 2010; Brissimis
et al. 2010; Casu et al. 2011)
(Soteriou and Zenios 1999)
(Bos et al. 2005; Fiorentino et al. 2006; Koetter 2008)
(Athanassopulos 1997; Lovell and Pastor 1997; Halkos and Salamouris 2004;
Pasiouras 2008; Rezitis 2008)
(Favero and Papi 1995; Resti 1997; Casolaro and Gobbi 2007)
(Bos and Kool 2002; 2006)
(Mendes and Rebelo 1999; Camanho and Dyson 2003; Canhoto and Dermine
2003)
(Grifell-Tatjé and Lovell 1996; 1997; Lozano-Vivas 1997; Dietsch and LozanoVivas 2000; Cuesta and Orea 2002; Prior 2003; Cuesta and Zofío 2005; Illueca
and Pastor 2005; Färe et al. 2006)
(Rime and Stiroh 2003)
(Drake 1992; Drake and Weyman-Jones 1992; Drake 2001; Drake and Simper
2002; McKillop et al. 2002; Matthews et al. 2007b)
Central & Eastern Europe (transition economies)
(Weill 2002; 2003; Bonin et al. 2005; Fries and Taci 2005; Grigorian and
Manole 2006; Kasman and Yildrim 2006; Yildirim and Philippatos 2007;
Brissimis et al. 2008; Staikouras et al. 2008; Koutsomanoli-Filippaki et al. 2009;
Anayiotos et al. 2010)
(Hasan and Marton 2003)
(Styrin 2005; Karas 2010; Vernikov 2010)
(Brown et al. 2009)
(Havrylchyk 2006)
(Jemric and Vujcic 2002)
Africa
(Zhao and Murinde 2011)
(Chaffai 1997)
(Hassan and Hussein 2003; Saaid et al. 2003; Saaid 2005)
Summary of bank efficiency studies by country of study (continued)
Country
Cross-country (Middle East
and Africa)
Cross-country (Middle East)
Bahrain
Turkey
Organisation of Islamic
Conference
Cross-country (Middle East,
Africa and Asia)
Cross-country (Middle East
and Asia)
Cross-country (Asia)
Australia
China
Hong Kong
India
Japan
Korea
Malaysia
Pakistan
Singapore
Taiwan
Cross-country (across all
regions)
Studies
Middle East
(Al-Jarrah and Molyneux 2005; 2006; Ben Naceur et al. 2009; Emrouznejad and
Anouze 2009; Hassan et al. 2009)
(Ariss et al. 2007; Mostafa 2007; Perera et al. 2007; Ramanathan 2007; AlMuharrami 2008; Hassan et al. 2009; Emrouznejad and Anouze 2010; El
Moussawi and Obeid 2011; Mostafa 2011)
(Hussein 2004)
(Jackson et al. 1998; Jackson and Fethi 2000; Isik and Hassan 2002b; 2002a;
2003b; 2003a; El-Gamal and Inanoglu 2005; Fukuyama and Matousek 2011)
Austral-Asia
(Mohamad et al. 2008; Mobarek and Kalonov 2014)
(Brown 2003; Yudistira 2004; Hassan and Bashir 2005; Hassan 2006; Viverita et
al. 2007; Bader 2008; Sufian 2009a; Abdul-Majid et al. 2010; Srairi 2010; Ftiti et
al. 2013; Kamarudin et al. 2014)
(Grigorian and Manole 2005)
(Abd Karim 2001; Abd Karim et al. 2010; Heffernan and Fu 2010)
(Avkiran 1999; Garden and Ralston 1999; Worthington 1999b; 1999a; Esho
2001; Ralston et al. 2001; Sathye 2001; Neal 2004; Sturm and Williams 2004;
Worthington 2004; Paul and Kourouche 2008; Sturm and Williams 2008; 2010)
(Chen et al. 2005; Fu and Heffernan 2007; Matthews et al. 2007a; Ariff and Can
2008; Jiang et al. 2009; Lin and Zhang 2009; Sufian 2009b)
(Drake et al. 2006; Kwan 2006)
(Bhattacharyya et al. 1997; Sathye 2003; Sensarma 2006; Debnath and Shankar
2008; Kumar and Gulati 2008; Zhao et al. 2008; Kumar and Gulati 2009; Das
and Kumbhakar 2010)
(Altunbas et al. 2000; Fukuyama and Weber 2002; Drake and Hall 2003; Barros
et al. 2009; Drake et al. 2009; Uchida and Satake 2009; Assaf et al. 2011)
(Park and Weber 2006; Banker et al. 2010)
(Abdul-Majid et al. 2005a; 2005b; Matthews and Ismail 2006; Mokhtar et al.
2006; Sufian 2006; 2006/2007; Mokhtar et al. 2007; Sufian 2007; Abdul-Majid
et al. 2008; Kamaruddin et al. 2008; Mokhtar et al. 2008; Abdul-Majid et al.
2011a; 2011b)
(Rizvi 2001)
(Rezvanian and Mehdian 2002)
(Chen 2001; Huang and Wang 2002; Ho and Zhu 2004; Kao and Liu 2009; Hsiao
et al. 2010; Yang and Liu 2012)
International
(Allen and Rai 1996; Pastor et al. 1997)
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Spearman’s correlations of performance rankings based on meta-frontier DEA and FRA results
Gross
efficiency
Net
efficiency
TGR
CTI
NIE
NIM
OOI
ROA
ROE
Gross efficiency
Net efficiency
TGR
CTI
NIE
NIM
OOI
1
0.2349*
-0.1148*
0.2613*
-0.3464*
-0.2853*
-0.2105*
-0.1430*
1
0.1329*
0.0440
-0.3666*
-0.2007*
-0.2860*
-0.1219*
1
-0.5341*
-0.1226*
-0.0764
-0.5436*
-0.5216*
1
-0.2405*
-0.2752*
0.2963*
0.3751*
1
0.1501*
0.3945*
0.2871*
1
0.4799*
0.4036*
ROA
ROE
1
0.7294*
0.7655*
0.0332
0.1683*
-0.4490*
-0.3018*
-0.3465*
-0.1549*
1
0.8715*
1