Impact of policy changes on the efficiency and returns-to-scale of Japanese financial institutions: an evaluation

Azad, ASM Sohel, Yasushi, Suzuki, Fang, Victor and Ahsan, Amirul 2014, Impact of policy changes on the efficiency and returns-to-scale of Japanese financial institutions: an evaluation, Research in international business and finance, vol. 32, pp. 159-171.

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Title Impact of policy changes on the efficiency and returns-to-scale of Japanese financial institutions: an evaluation
Author(s) Azad, ASM Sohel
Yasushi, Suzuki
Fang, Victor
Ahsan, Amirul
Journal name Research in international business and finance
Volume number 32
Start page 159
End page 171
Total pages 12
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2014-08
ISSN 0275-5319
1878-3384
Keyword(s) policy changes
DEA
efficiency
returns-to-scale
Malmquist index
Summary This paper examines the impact of FSA's (Financial Services Agency) recent policy changes on the efficiency and returns-to-scale (RTS) of Japanese financial institutions including banks, securities companies and bank holding companies. Three kinds of efficiency are investigated namely, technical efficiency (TE), pure technical efficiency (PTE) and scale efficiency (SE) using the non-parametric methodology named data envelopment analysis (DEA). The DEA analysis shows a substantial improvement in the overall efficiency of Japanese banks, albeit a significant difference of efficiency scores between the major/city banks and the regional banks. Results are robust to alternative specifications of efficiency and scale changes.
Language eng
Field of Research 150201 Finance
Socio Economic Objective 900102 Investment Services (excl. Superannuation)
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2014, Elsevier
Persistent URL http://hdl.handle.net/10536/DRO/DU:30064296

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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