Are Public Master’s Institutions Cost Efficient? A Stochastic Frontier and Spatial Analysis

2016 ◽  
Vol 58 (5) ◽  
pp. 469-496 ◽  
Author(s):  
Marvin A. Titus ◽  
Adriana Vamosiu ◽  
Kevin R. McClure
Keyword(s):  
Spatial Analysis ◽  
Stochastic Frontier ◽  
Master's Institutions ◽  
Cost Efficient

scholarly journals Privatization and Profit Efficiency: Evidence from Commercial Banks of Pakistan

2018 ◽  
Vol 8 (1) ◽  
pp. 1-14
Author(s):  
Samina Sabir ◽  
Abdul Qayyum
Keyword(s):  
Commercial Banks ◽  
Banking Sector ◽  
Random Effect ◽  
Stochastic Frontier ◽  
Efficiency Score ◽  
Foreign Banks ◽  
Profit Efficiency ◽  
Cost Efficient ◽  
Domestic Banks ◽  
The Cost

This paper investigates the profit efficiency of commercial banks where the banking sector has completed more than two decade of changeover from nationalization policy to privatization and restructuring policy by employing stochastic frontier true effect and true random effect models. Intermediation approach has been used to choose input and output variables of banks. A balanced panel data of 22 commercial banks of Pakistan over the period 1995-2014 have been used for the empirical analysis. The paper found that commercial banks are on average 73% profit efficient. However foreign banks report high profit efficiency score followed private domestic banks and then state owned banks. We also compared the cost and profit efficiency of commercial banks and found that commercial banks are more cost efficient than profit efficient.

scholarly journals Using Environmental, Social, Governance (ESG) and Financial Indicators to Measure Bank Cost Efficiency in Asia

2021 ◽  
Vol 13 (20) ◽  
pp. 11139
Author(s):  
Hai-Yen Chang ◽  
Lien-Wen Liang ◽  
Yu-Luan Liu
Keyword(s):  
Cost Efficiency ◽  
Banking Sector ◽  
Stochastic Frontier Analysis ◽  
Developing Economies ◽  
Stochastic Frontier ◽  
Financial Indicators ◽  
Frontier Analysis ◽  
Asian Economies ◽  
Cost Efficient ◽  
The Impact

Environmental, social, and governance (ESG) practices have been used as non-financial indicators to measure bank performance worldwide in the last decade. The United Nations (UN) has specified 17 Sustainable Development Goals (SDGs) for the implementation of these ESG concepts. However, it remains unclear whether the costs of ESG have exceeded the benefits. The purpose of this study is to examine the impact of ESG on the cost efficiency of developed and developing Asian banks using a two-step approach comprising stochastic frontier analysis (SFA) and stochastic metafrontier analysis (SMF). The data sample from 2015 to 2018 is separated into two groups: 60 Asian developed economies and 85 developing economies. The results show that banks in the developed Asian economies become more cost-efficient through environmentally friendly activities. The banks in the developing Asian economies increase their cost efficiency by socially responsible activities and improved governance. Moreover, banks in the developed Asian economies outperformed those in the developing Asian economies in terms of technology gap ratio (TGR) and metafrontier cost efficiency (MCE). The results of this study benefit not only investors and bank managers but also the entire banking sector and the world economy.

scholarly journals Relationship Between Cost Efficiency and Stock Price: Evidence from Bangladeshi Commercial Banks

2021 ◽  
Vol 8 (2) ◽  
pp. 1
Author(s):  
Chinmoy Das Gupta
Keyword(s):  
Stock Prices ◽  
Cost Efficiency ◽  
Commercial Banks ◽  
Stock Price ◽  
Stock Exchange ◽  
Stochastic Frontier ◽  
Efficiency Score ◽  
Share Prices ◽  
Cost Efficient ◽  
The Cost

This paper employs Stochastic Frontier Approach (SFA) and Data Envelopment Analysis (DEA) to measure cost efficiency score of 30 listed private commercial banks in Dhaka Stock Exchange (DSE) and finds its influence on stock prices. Results suggest that, there is a significant impact of changes in share prices on the cost efficiency score. This suggests, those banks are most cost efficient, they are able to generate more return for their stockholder than those of inefficient banks. 

scholarly journals Bank branches efficiency under management and regulatory constraints

2019 ◽  
Author(s):  
Gustavo Ferro ◽  
Daniel Lema ◽  
Francisco Schiffrer
Keyword(s):  
Central Bank ◽  
Cost Efficiency ◽  
Stochastic Frontier Analysis ◽  
Stochastic Frontier ◽  
Frontier Analysis ◽  
Bank Branches ◽  
Regulatory Constraints ◽  
Results Management ◽  
Cost Efficient ◽  
The Cost

The main purpose of this paper is to assess the cost-efficiency of Banco Ciudad de Buenos Aires’s bank branches using a Stochastic Frontier Analysis (SFA). With the results, management can decide on new branching dimension. Also, if some regulatory or managerial limits could be lift, such as closure or opening of new branches without the central bank authorization, or redundant staff reduction, the results could be important for management. We detect best and worst behaved branches. The more cost-efficient branches and the least cost-efficient ones differ in their size and input mix. Nonetheless, they present a similar output mix.

scholarly journals Takaful, Insurer type and Efficiency: An Application of Parametric Approach

2018 ◽  
Vol III (I) ◽  
pp. 234-252
Author(s):  
Muhammad Jam e Kausar Ali Asghar ◽  
Abdul Zahid Khan ◽  
Hafiz Ghufran Ali Khan
Keyword(s):  
Insurance Industry ◽  
Stochastic Frontier ◽  
Insurance Companies ◽  
Minimum Capital ◽  
Life Insurers ◽  
Minimum Capital Requirement ◽  
Doing Business ◽  
Insurance Firms ◽  
Cost Efficient ◽  
The Cost

This study is conducted in two steps. Firstly, Stochastic Frontier Approach (SFA) is applied to estimate efficiency of the Takaful and conventional insurance firms in Pakistan from 2005 to 2010. It is found that life insurers are performing poor in comparison to general insurers. In addition, Takaful firms are found less cost efficient in comparison to conventional insurance firms. Secondly, the Tobit results imply that the size, investment and claim are found negatively related with the efficiency of insurance companies which suggests that larger size raise the cost of doing business whereas, due to financial crises the investment of large firms are also dropped. Moreover, improvement in minimum capital requirement is found fruit full both for cost and profit efficiencies. Therefore, it is suggested that the regulators should keep continue this policy to further improve financial health of the insurance industry.

Modern university as an economic growth driver: Models & missions

2017 ◽  
pp. 58-76 ◽  
Author(s):  
A. Karpov
Keyword(s):  
Economic Growth ◽  
Education Research ◽  
Advanced Technology ◽  
Global Competitiveness ◽  
Technology Markets ◽  
Fast Growing ◽  
Business Ecosystem ◽  
Cost Efficient ◽  
National Economies ◽  
The University

The paper considers the modern university as an economic growth driver within the University 3.0 concept (education, research, and commercialization of knowledge). It demonstrates how the University 3.0 is becoming the basis for global competitiveness of national economies and international alliances, and how its business ecosystem generates new fast-growing industries, advanced technology markets and cost-efficient administrative territories.

Unravelling a microbial synergy to boost caproate production via carboxylates chain elongation with ethanol

2019 ◽  
Vol 26 (2) ◽  
pp. 63-71
Author(s):  
Ling Leng ◽  
Ying Wang ◽  
Peixian Yang ◽  
Takashi Narihiro ◽  
Masaru Konishi Nobu ◽  
...  
Keyword(s):  
Fatty Acids ◽  
Volatile Fatty Acids ◽  
Microbial Consortia ◽  
Chain Elongation ◽  
Desulfovibrio Vulgaris ◽  
Rrna Gene ◽  
Selective Enrichment ◽  
Microbial Network ◽  
Cost Efficient ◽  
Rrna Gene Sequencing

Chain elongation of volatile fatty acids for medium chain fatty acids production (e.g. caproate) is an attractive approach to treat wastewater anaerobically and recover resource simultaneously. Undefined microbial consortia can be tailored to achieve chain elongation process with selective enrichment from anaerobic digestion sludge, which has advantages over pure culture approach for cost-efficient application. Whilst the metabolic pathway of the dominant caproate producer, Clostridium kluyveri, has been annotated, the role of other coexisting abundant microbiomes remained unclear. To this end, an ethanol-acetate fermentation inoculated with fresh digestion sludge at optimal conditions was conducted. Also, physiological study, thermodynamics and 16 S rRNA gene sequencing to elucidate the biological process by linking the system performance and dominant microbiomes were integrated. Results revealed a possible synergistic network in which C. kluyveri and three co-dominant species, Desulfovibrio vulgaris, Fusobacterium varium and Acetoanaerobium sticklandii coexisted. D. vulgaris and A. sticklandii (F. varium) were likely to boost the carboxylates chain elongation by stimulating ethanol oxidation and butyrate production through a syntrophic partnership with hydrogen (H2) serving as an electron messenger. This study unveils a synergistic microbial network to boost caproate production in mixed culture carboxylates chain elongation.

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