| Item type |
学術雑誌論文 / Journal Article(1) |
| 公開日 |
2014-01-06 |
| タイトル |
|
|
タイトル |
Firm Growth and Efficiency in the Banking Industry : A New Test of the Efficient Structure Hypothesis |
| 言語 |
|
|
言語 |
eng |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
firm growth |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
cost efficiency |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
efficient structure hypothesis |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
quiet-life hypothesis |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_6501 |
|
資源タイプ |
journal article |
| 著者 |
Homma, Tetsushi
Tsutsui, Yoshiro
Uchida, Hirofumi
|
| 抄録 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
In this paper we propose a new test of the efficient structure (ES) hypothesis, which predicts that efficient firms come out ahead in competition and grow as a result. Our test has significant advantages over existing ones, because it is more direct, and can jointly test the so-called quiet-life hypothesis, which predicts that in a concentrated market firms do not minimize costs. We then apply this test to large banks in Japan. Consistent with the ES hypothesis, we find that more efficient banks become larger. We also find that market concentration reduces banks’ efficiency, which supports the quiet-life hypothesis. These findings imply that there is an intriguing growth-efficiency dynamic throughout banks’ life cycle, although our findings also suggest that the ES hypothesis dominates the quiet-life hypothesis in terms of economic impact. |
| 引用 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
Journal of Banking & Finance, Volume 40, March 2014, Pages 143–153 |
| 書誌情報 |
Journal of Banking & Finance
巻 40,
p. 143-153,
発行日 2014-03
|
| ISSN |
|
|
収録物識別子タイプ |
ISSN |
|
収録物識別子 |
0378-4266 |
| DOI |
|
|
関連タイプ |
isVersionOf |
|
|
識別子タイプ |
DOI |
|
|
関連識別子 |
http://dx.doi.org/10.1016/j.jbankfin.2013.11.031 |
| 著者版フラグ |
|
|
出版タイプ |
AM |
|
出版タイプResource |
http://purl.org/coar/version/c_ab4af688f83e57aa |
| 出版者 |
|
|
出版者 |
Elsevier |
| 資源タイプ(DSpace) |
|
|
内容記述タイプ |
Other |
|
内容記述 |
Article |
Homma_JBF_final_draft_post-refereeing.pdf (427.5 kB)
