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Measuring Profit Efficiency of Colombian Banks: A Composite Nonstandard Profit Function Approach

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dc.contributor.authorRestrepo-Tobón, Diego
dc.contributor.authorSánchez-González, Jim
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.creator.emaildrestr16@eafit.edu.co
dc.creator.emailjsanch83@eafit.edu.co
dc.date.accessioned2018-10-05T19:34:06Z
dc.date.available2018-10-05T19:34:06Z
dc.date.issued2018-08-27
dc.description.abstractWe analyze the profit efficiency of the Colombian banking industry during theperiod 2001 - 2013. Unlike previous studies, we estimate revenue and cost efficiencyseparately and then compute profit efficiency as a composite measure of both costand revenue efficiency. This approach overcomes the mis-specification problems ofthe traditional nonstandard profit function approach used in most of the literatureregarding profit efficiency. We find that profit efficiency improved during the periodunder analysis mainly because gains in revenue efficiency. In addition, and in contrastwith previous studies but in line with economic intuition, we find that while revenue andcost efficiency tend to be negatively correlated, each correlates positively with profitefficiency. Thus, improving either revenue efficiency or cost efficiency has a positiveimpact on profit efficiency.eng
dc.format.mimetypeapplication/pdf
dc.identifier.instnameinstname:Universidad EAFIT
dc.identifier.jelD24
dc.identifier.jelG21
dc.identifier.jelG34
dc.identifier.jelL13
dc.identifier.reponamereponame:Repositorio Institucional Universidad EAFIT
dc.identifier.repourlrepourl:https://repository.eafit.edu.co
dc.identifier.urihttps://hdl.handle.net/10784/12965
dc.language.isoeng
dc.publisherUniversidad EAFITspa
dc.publisher.departmentCentro Valor Públicospa
dc.publisher.facultyEscuela de Economía y Finanzasspa
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.subject.keywordProfit Efficiencyspa
dc.subject.keywordRevenue Efficiencyspa
dc.subject.keywordCost Efficiencyspa
dc.subject.keywordNonstandard Profit Functionspa
dc.subject.keywordStochastic Frontierspa
dc.titleMeasuring Profit Efficiency of Colombian Banks: A Composite Nonstandard Profit Function Approacheng
dc.typeinfo:eu-repo/semantics/workingPaper
dc.type.coarhttp://purl.org/coar/resource_type/c_8042
dc.type.localDocumento de trabajo de investigaciónspa
dc.type.redcolhttp://purl.org/redcol/resource_type/WP
dc.type.versioninfo:eu-repo/semantics/draft
dspace.entity.typePublication

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