Bank Ownership and Efficiency in the New EU Members英文文献资料.docVIP

Modern Economy, 2012, 3, 68-72 /10.4236/me.2012.31010 Published Online January 2012 (http://www.SciRP.org/journal/me) Bank Ownership and Efficiency in the New EU Members Jordi Moreno , José Luis Gallizo , Manuel Salvador 1 1 2 1 AEGERN Department, University of Lleida, Lleida, Spain 2 Department of Statistical Methods, University of Zaragoza, Zaragoza, Spain Email: jmoreno@aegern.udl.cat Received October 19, 2011; revised November 22, 2011; accepted December 26, 2011 ABSTRACT The aim of this study is to analyze how banking ownership affects banking efficiency in countries which have recently experienced the European integration process more intensely. Using a Bayesian Stochastic Frontier Approach (SFA) applied to panel data, we have estimated efficiency levels in a sample of 226 banks from 12 countries during the period 2000 to 2008. The results show no significant differences between different types of private ownership, questioning the relevance of ownership as a determinant of banking efficiency in these countries. In addition, we have not found any evidence to suggest that foreign ownership is more efficient than its domestic counterpart. These results contradict the popular belief about the higher efficiency levels associated with foreign ownership. Keywords: Bank Ownership; Bank Efficiency; New EU Members; SFA 1. Introduction efficiency compared to private ownership; [1,7]). We also analyze the impact on banking efficiency levels of incor- porating a strategic foreign owner into the ownership str- ucture. In this way, we hope to provide empirical evi- dence about whether, as popular belief would have it, foreign banks are more efficient than their domestic coun- terparts or whether, as a consequence of the European in- tegration process, these differences have gradually dis- appeared. Banking sectors in Eastern and C