- 1、本文档共11页,可阅读全部内容。
- 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
- 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载。
- 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
查看更多
美国小型和大型商业银行的利润效率来源及差异[文献翻译]_精品
本科毕业论文外文翻译
外文题目:Profit efficiency sources and differences among small and Large U.S commercial banks
出 处: Journal of economic and finance (2005):289-299
作 者: Aigbe Akhigbe and James McNulty
原 文:
Introduction
Scale economies in banking have long been of interest to financial economists, and this interest has been heightened in recent years by two developments. The first is increased concern about the survivability of small community banks in an era of bank consolidation. This theme was the subject of a March 2003 conference at the Federal Reserve Bank of Chicago and formed the basis for a special March 2004 issue of the Journal of Financial Services Research.
The second development is recent academic research suggesting that small banks may have both an information advantage over large banks, as in Nakamura (1993), Mester, Nakamura, and Renault (2001), and Carter and McNulty (2004), and an incentive to use this information advantage in the lending process. Berger et al. (2002) provide evidence on the second point. They suggest that small banks may have a comparative advantage in developing and using the “soft” information often associated with small business lending. PROFEFF is an econometric financial performance measure that indicates how actual financial performance compares to a theoretical best-practice frontier. Considering differences in, and sources of, profit efficiency (PROFEFF) by bank size groups can help shed light on the issue of which banks use their capital more efficiently (provided profits are normalized by equity, which is the approach we take in this paper).
Relevant Literature and Estimation Issues
Most studies done in the 1980s and early 1990s suggest that scale economies are slight or nonexistent beyond asset sizes of $50 to $100 million. Some early examples are Benston, Hanweck, and Humphre
您可能关注的文档
- 防挤兑应急预案_精品.doc
- 钢结构冬施方案_精品.doc
- 高处坠落事故应急救援预案_精品.doc
- 论建筑施工企业“两金”压降的重要性及对策_精品.doc
- 美术设计构成课程标准_精品.doc
- 管理信息系统外文翻译_精品.doc
- 港口码头生产安全事故应急救援预案_精品.doc
- 浅谈小学英语兴趣教学_精品.doc
- 电大汉语言本科毕业论文:《神雕侠侣》中杨过形象分析_精品.doc
- 肥胖的健康管理方案_精品.doc
- 浙江省临海市白云高级中学2025届高三历史3月月考试题.doc
- 云南拾谷县第一中学2024_2025学年高二物理上学期10月月考试题.doc
- 2025版高考生物总复习第13讲基因的分离定律教案苏教版.doc
- 湖北省黄石实验高中2024_2025学年高一历史下学期期末考试模拟卷.doc
- 通史版2025版高考历史大一轮复习专题七近代化的曲折发展__中日甲午战争至五四运动前4第4讲从维新思想到新文化运动课后达标检测含解析新人教版.doc
- 2024年高考数学考试大纲解读专题04导数及其应用含解析文.doc
- 河南省许汝平九校联盟2024_2025学年高一语文上学期期末考试试题扫描版无答案.doc
- 江西省吉安市吉水县第二中学2024_2025学年高一历史上学期第二次月考试题.doc
- 北京市平谷区2025届高三政治一模考试试题含解析.doc
- 2025届中考物理第四讲物态变化专项复习测试无答案新人教版.docx
文档评论(0)