scholarly journals EVALUATION OF BANK MERGER IN INDONESIA: Lessons from Parametric Cost Function

2007 ◽  
Vol 8 (1) ◽  
Author(s):  
Eugenia Mardanugraha ◽  
Muliaman D. Hadad
Keyword(s):  
Cost Function ◽  
Technical Progress ◽  
Economies Of Scale ◽  
Scale Economies ◽  
Seemingly Unrelated Regression ◽  
Economies Of Scope ◽  
Bank Merger ◽  
Unrelated Regression

Merger dan akuisisi telah menjadi pilihan utama dalam pelaksanaan konsolidasi perbankan yang direkomendasikan dalam rangka penguatan industri perbankan di Indonesia. Proses merger dan konsolidasi ini membutuhkan biaya besar dan mengandung resiko, dua factor yang menyebabkan penurunan tingkat efisiensi bank yang telah melakukan merger.Penelitian ini menunjukkan bahwa proses merger menurunkan efisiensi bank, meski berdampak positif terhadap stabilitas dari efisiensi bank tersebut. Ini menunjukkan manajemen bank yang lebih baik setelah merger dan peningkatan economies of scale. Sebelum merger, bank harus meningkatkan efisiensi terlebih dahulu, misalnya dengan meningkatkan produktivitas tenaga kerja dan peningkatan utilisasi teknologi. Paper ini menunjukkan, jika skor DFA 0,7, bank dapat meraih keuntungan economies of scale, economies of scope dan technical progress yang dapat meningkatkan efisiensi.Beberapa rekomendasi yang diusulkan, pertama, Bank Indonesia seharusnya mengarahkan manajemen perbankan dalam hal pengalokasian biaya operasional secara optimal. Kedua, harus ada upaya untuk mengembalikan tingkat efisiensi bank pada level efisiensi semula. Ketiga, Bank Indonesia, harus mengarahkan perbankan untuk mengabsorpsi teknologi sejauh mungkin. Keempat, efisiensi internal merupakan aspek penting yang harus diraih sebelum proses merger dilakukan.JEL: C29, C39, D23, G21Keywords : X-efficiency, Merger, Seemingly Unrelated Regression, Cost function, Economies of scale, Bank.

scholarly journals Evaluasi Merger Perbankan di Indonesia Ditinjau melalui Fungsi Biaya Parametrik

2005 ◽  
Vol 6 (1) ◽  
pp. 1-15 ◽  
Author(s):  
Eugenia Mardanugraha
Keyword(s):  
Economies Of Scale ◽  
Scale Economies ◽  
Economies Of Scope ◽  
Bank Merger

Konsolidasi perbankan yang dilakukan untuk memperkuat industri perbankan di Indonesia, membuat merger dan akuisisi menjadi pilihan utama dalam pelaksanaan konsolidasi tersebut. Adanya resiko yang harus ditanggung oleh bank hasil merger dan proses konsolidasi yang membutuhkan biaya tinggi, antara lain merupakan penyebab dan menurunnya tingkat efisiensi bank hasil merger. Dalam paper ini ditunjukkan bahwa proses merger menurunkan efisiensi tetapi meningkatkan stabililas dan keefisienan bank merger. Kestabitan ini menunjukkan terbentuknya manajemen yang lebih baik dari bank hasil merger. Skala ekonomi bank setelah merger mengalami peningkatan.Sebelum melakukan merger, bank secara internal harus terlebih dahulu meningkatkan efisiensinya, yang dapat dilakukan misalnya dengan meningkatkan produktivitas dari karyawan dan peningkatan penggunaan teknologi. Dalam paper ini ditunjukkan bahwa apabila skor efisiensi DFA-nya sudah mencapai 0,7, maka bank baru merasakan manfaat dan economies of scale, economies of scope dan kemajuan teknis unuk meningkatkan efisiensinya.Tulisan ini memberikan beberapa rekomendasi: pertama, Bank Indonesia harus mengupayakan agar manajemen dari bank tetap baik, sehingga bank dapat menggunakan dan mengalokasikan biaya-biaya operasionalnya secara optimal. Kedua, harus adanya upaya untuk mempercepat pulihnya efisiensi bank setelah merger, sehingga tingkat efisiensinya kembali ke level semula. Ketiga, Bank Indonesia harus mendorong perbankan untuk dapat memanfaatkan teknologi dengan sebaik mungkin. Keempat, efisiensi internal dari sebuah bank penting dilakukan sebelum bank melakukan merger.

scholarly journals Economies of Scope between Research and Teaching in European Universities

Mathematics ◽  
2021 ◽  
Vol 10 (1) ◽  
pp. 42
Author(s):  
Andrea Bonaccorsi ◽  
Paola Belingheri ◽  
Luca Secondi
Keyword(s):  
Higher Education ◽  
Efficiency Analysis ◽  
Seemingly Unrelated Regression ◽  
Economies Of Scope ◽  
Country Level ◽  
European Universities ◽  
Research And Teaching ◽  
Unrelated Regression ◽  
Efficiency Estimation ◽  
Educational Field

The estimation of economies of scope between research and teaching has been the object of a large literature in economics of education and efficiency analysis, with parametric and non-parametric specifications. The paper contributes to the literature by building a pan-European dataset that integrates official statistics on higher education at country level with bibliometric indicators. The dataset allows a breakdown by scientific and educational field, accounting for the heterogeneity among disciplines. We applied a technique which has not been used for the efficiency estimation of economies of scope in higher education, namely seemingly unrelated regression (SUR) applied to separate input–output equations describing the production of education and research. We found confirmation for economies of scope in some fields and with some specifications, or no relation between the equations. In no case did we find diseconomies of scope between teaching and research.

scholarly journals COST LEADERSHIP STRATEGY, COMPETITIVE ADVANTAGE, AND PERFORMANCE: A CROSS-SECTIONAL STUDY IN THE CONTEXT OF MILK PROCESSING FIRMS IN KENYA

2020 ◽  
Vol 6 (2) ◽  
pp. 64-76
Author(s):  
Paul G. Kimiti ◽  
Stephen M. A. Muathe ◽  
Elishiba M. Murigi
Keyword(s):  
Competitive Advantage ◽  
Economies Of Scale ◽  
Scale Economies ◽  
Economies Of Scope ◽  
Cost Leadership ◽  
Milk Processing ◽  
Leadership Strategy ◽  
And Performance ◽  
The Relationship ◽  
Cost Leadership Strategy

Purpose of the study: Cost leadership strategy is driven by economies of scale, economies of scope, and operational efficiency is a remedy to a performance where firms are facing high costs. This study sought to investigate the influence of cost leadership strategy on the performance of milk processing firms in Kenya through the lens of competitive advantage as a mediator. Methodology: The study adopted descriptive and explanatory non-experimental research designs. It was a census of all 29 milk processing firms registered with Kenya Dairy Board as of June 2019. Sampling was done using proportionate stratified random sampling technique and data was collected using self-administered semi-structured questionnaires. The analysis was done using means, standard deviations, and regression. Main Findings: The findings showed that a cost leadership strategy had a positive and significant effect on the performance of milk processing firms in Kenya with a competitive advantage partially mediating the relationship. The constituent measures of cost leadership strategy namely economies of scale, economies of scope, and operational efficiency accounted for 40.1% of the variation in firm performance. Applications of this study: This study provides suggestions for firms to manage costs and therefore improve performance. This is by increasing the size of operations, expanding into related business areas, and improving operational processes. Novelty/originality of this study: The study examines the influence of cost leadership strategy in a new context of milk processing firms in Kenya. It also incorporates a competitive advantage as a significant variable affecting the relationship between costs and performance.  

scholarly journals Sustaining Competitive Advantage in Prima Sakti

2016 ◽  
Vol 18 (2) ◽  
pp. 127
Author(s):  
Kristin Handoyo ◽  
John J. O. I. Ihalauw
Keyword(s):  
Competitive Advantage ◽  
Learning Effect ◽  
Economies Of Scale ◽  
Capacity Utilization ◽  
Scale Economies ◽  
Economies Of Scope ◽  
Cost Leadership ◽  
Metal Stamping ◽  
Plastic Injection

Didirikan pada tahun 1993, Prima Sakti adalah sebuah perusahaan metal stamping dan plastic injection parts. Setelah lebih dari dua dekade, perusahaan ini telah berkembang menjadi sebuah perusahaan yang kompleks dalam hal ukuran, pasar dan produk. Penelitian kualitatif ini dipandu oleh sejumlah teori sebagai landasan dan menggunakan triangulasi data. Hasil dan pembahasan menunjukkan adanya perkembangan perusahaan dari sistem made-to-order menjadi sistem hybrid antara sistem made-to-order dan made-to-stock untuk memaksimalkan kapasitas dalam menerapkan cost leadership. Target pasar juga meluas dalam hal melanjutkan penetrasi pasar, pengembangan pasar dan pengembangan produk. Hasil dan pembahasan juga mengindikasi bahwa untuk mendapatkan keunggulan kompetitif, perusahaan mengintegrasi strategi cost leadership dan differentiation. Sebagai penutup, peneliti mengusulkan sebuah teori-mini yang didasarkan pada sejumlah variabel antara lain reputasi perusahaan, kualitas produk, pelayanan, learning effect, economies of scale, economies of scope dan capacity utilization yang mungkin memengaruhi keunggulan kompetitif untuk diuji secara kuantitatif.

scholarly journals Incentive and Restrictive Mechanism of Knowledge Sharing in Basic Education Groups

2021 ◽  
Vol 16 (03) ◽  
pp. 57
Author(s):  
Yafei Wang
Keyword(s):  
Knowledge Sharing ◽  
Strategic Alliance ◽  
Economies Of Scale ◽  
Basic Education ◽  
Scale Economies ◽  
Education Quality ◽  
Economies Of Scope ◽  
Tangible Assets ◽  
Group Members ◽  
Education Groups

As a kind of strategic alliance, basic education groups rely on the knowledge sharing and coordination among group members, in addition to the sharing of tangible assets, to promote education fairness and improve education quality. This paper aims to incentivize and restrict the knowledge sharing among group members. Firstly, the authors analyzed the economies of scale, economies of scope, and the economies of connection brought by the knowledge sharing among group members, and summarized the problems and challenges faced by knowledge sharing. Then, the evolution mechanism of the knowledge sharing among group members was studied from the perspective of game theory, and the suggestions were proposed to improve the incentive and restrictive mechanism of the knowledge sharing among group members. The research results shed a new light on the knowledge sharing in basic education groups.

scholarly journals The Cost Function and Scale Economies in Academic Research Libraries

2002 ◽  
Vol 63 (5) ◽  
pp. 406-420 ◽  
Author(s):  
Lewis Guodo Liu
Keyword(s):  
Cost Function ◽  
Economies Of Scale ◽  
Academic Research ◽  
Scale Economies ◽  
Information Provision ◽  
Total Cost ◽  
Research Libraries ◽  
Wide Range ◽  
The Cost ◽  
Total Cost Function

This empirical research examined scale economies of academic research libraries that belong to the Association of Research Libraries and developed a total cost function for estimating economies of scale. The author argues that libraries in general, and academic research libraries in particular, are information provision organizations that provide multiproducts and multiservices and points out that some previous studies that used the production function have limitations due to the fact that this function only permits a single-output variable. This investigation incorporated a wide range of collections and service output variables into the total cost function. The regression results show that the R square of the cost function model is .8142 and that the coefficients of three very important output variables (volumes held, serials, and group presentations) are statistically significant at high confidence levels. The findings of this research show that the function coefficient is .93, indicating that slight economies of scale exist in academic research libraries.

Economies of Scale in Sewage Treatment Using a Translog Cost Function

2012 ◽  
Vol 74 (null) ◽  
pp. 35-46
Author(s):  
박선영 ◽  
Chongwon Kim ◽  
Seung-Hoon Yoo
Keyword(s):  
Cost Function ◽  
Economies Of Scale ◽  
Sewage Treatment ◽  
Translog Cost Function ◽  
Translog Cost
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