Please use this identifier to cite or link to this item:
https://scholarbank.nus.edu.sg/handle/10635/45079
DC Field | Value | |
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dc.title | Share performance and profit efficiency of banks in an oligopolistic market: Evidence from Singapore | |
dc.contributor.author | Chu, S.F. | |
dc.contributor.author | Lim, G.H. | |
dc.date.accessioned | 2013-10-10T05:02:54Z | |
dc.date.available | 2013-10-10T05:02:54Z | |
dc.date.issued | 1998 | |
dc.identifier.citation | Chu, S.F.,Lim, G.H. (1998). Share performance and profit efficiency of banks in an oligopolistic market: Evidence from Singapore. Journal of Multinational Financial Management 8 (2-3) : 155-168. ScholarBank@NUS Repository. | |
dc.identifier.issn | 1042444X | |
dc.identifier.uri | http://scholarbank.nus.edu.sg/handle/10635/45079 | |
dc.description.abstract | Using data envelopment analysis techniques, we evaluate the relative cost and profit efficiencies of a panel of six Singapore-listed banks during the period 1992-96. Average profit efficiency (83%) was found to be significantly lower than average cost efficiency (95%). The mean profit efficiency is, however, higher than the averages of banks in the US (64%) and Spain (72%). In a follow-up regression study using the modified efficiency scores of Anderson and Peterson (Management Science, 39 (1993) 1261-1264), we find that percentage changes in the prices of the bank shares reflect percentage changes in profit rather than cost efficiencies (correlation coefficients of 0.82 versus 0.32). This opens up a new window for understanding share price fluctuations and is to be expected as shareholders desire dividends which are paid out of profits and not income. | |
dc.source | Scopus | |
dc.subject | Banks | |
dc.subject | DEA | |
dc.subject | G14 | |
dc.subject | G21 | |
dc.subject | L13 | |
dc.subject | Profit efficiency | |
dc.type | Article | |
dc.contributor.department | FINANCE & ACCOUNTING | |
dc.contributor.department | DECISION SCIENCES | |
dc.description.sourcetitle | Journal of Multinational Financial Management | |
dc.description.volume | 8 | |
dc.description.issue | 2-3 | |
dc.description.page | 155-168 | |
dc.identifier.isiut | NOT_IN_WOS | |
Appears in Collections: | Staff Publications |
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