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 …

… Only one prior study of which we are aware used a frontier method to determine the
efficiency effects of bank mergers [Berger and Humphrey (1992a)]. Using the distribution-free …

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, on the …

This paper addresses a little examined intersection between the problem loan literature and
the bank efficiency literature. We employ Granger-causality techniques to test four …

ACCORDING TO CONVENTIONAL WISDOM in banking, a higher capital-asset ratio (CAR)
is associated with a lower after-tax return on equity (ROE). The arguments in favor of this …

This introductory article examines the role of capital in financial institutions — why it is important,
how market-generated capital ‘requiremenents’ differ from regulatory requirments and …

We test a new hypothesis that may help explain the procyclicality of bank lending. The
institutional memory hypothesis is driven by deterioration in the ability of loan officers over the …

We try to contribute to both the finance-growth literature and the community banking literature
by testing the effects of the relative health of community banks on economic growth, and …

This article examines the economics of financing small business in private equity and debt
markets. Firms are viewed through a financial growth cycle paradigm in which different capital …

This article examines the role of relationship lending in small firm finance. It examines price
and nonprice terms of bank lines of credit (L/Cs) extended to small firms. The focus on L/Cs …