Pasiouras, F. and Sifodaskalakis, E., 2007. Total factor productivity change of Greek cooperative banks. Working Paper.
In this study, we employ the Malmquist index to examine the total factor productivity change in the Greek cooperative banking, using a balanced panel dataset of 78 observations from 13 banks over the period 2000-2005. We estimate two models, one based on the intermediation approach, and one based on the production approach. The results are mixed. The first model indicates a small decrease (3%) in total factor productivity whereas the second model indicates an increase by 6.6%. We also compare the results on the basis of banks’ size and find that TFP growth is higher for smaller banks on average over the entire period of our analysis. However, this relationship between size and productivity is not robust across the years. Furthermore, the differences between the groups are not statistically significant.
|Item Type ||Reports/Papers (Working Paper)|
|Creators||Pasiouras, F.and Sifodaskalakis, E.|
|Departments||School of Management|
|Additional Information||This working paper is produced for discussion purposes only. The papers are expected to be published in due course, in revised form and should not be quoted without the author’s permission. The views and conclusions presented in the paper are exclusively those of the authors and not necessarily reflect the position of EFG-Eurobank Ergasias or any other person associated with EFG-Eurobank Ergasias.|
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