By employing the non-stochastic data envelopment analysis (DEA) method, the present paper provides empirical evidence on the efficiency of the Malaysian banking sector around the Asian financial crisis. The empirical findings suggest that the foreign banks (FB) have exhibited higher technical efficiency (TE) compared to their domestic bank counterparts. However, the results suggest that the FB ...

This paper introduces an intertemporal variable cost indirect technology which permits technological change over time and allows for financial flexibility. It characterizes agencies which maximize the outputs or services subject to the budget they face. We define Farrelltype output oriented technical efficiency under different financial regimes and efficiency gains from financial flexibilities....

This paper presents an analysis of the concept of stranded assets in the context of shipping. It presents the findings of a series of semi-structured interviews with the industry’s leading debt and equity financiers as well as a variety of financial intermediaries on the topics of energy efficiency, efficiency retrofits and stranded assets. The results show differentiation amongst financial act...

Traditionally, financial systems have been bank-based or market-based. The efficiency properties of these systems are compared in various dimensions. These include risk sharing, information provision, funding new industries, corporate governance, and law, finance and politics. Both systems have advantages and disadvantages. With regard to stability, both bank-based and market-based systems are ...

The goal of financial regulation is to enable banks to improve liquidity and solvency. Stricter regulation may be good for bank stability, but not for bank efficiency. This research aims to examine whether banks have met the CBRC’s standard of financial regulations and explores how the previously implemented financial regulations have affected bank efficiency and risk in the past. In addition, ...

in modern economics, intellectual capital is described as an intangible asset which can be used as a source of sustainable competitive advantage. however, intellectual capital components have to interact in themselves to create value. the paper seeks to examine the impact of intellectual capital on firms’ market value and financial performance. the efficiency of the value added by corporate int...