In this study we estimate technical efficiency of Indian commercial banks from 19892009 using a multiple-output generalized stochastic production frontier, and analyze the effects of financial sector reforms on measured efficiency. This generalized technique estimates technical efficiency in the presence of multiple outputs, filling a gap in the existing literature. Our results show that Indian...

abstract in the past few years, diversification has turned into a highly controversial issue amongst numerous managers in almost each and every business. it is contended by many that diversification is vitally important and highly effective especially when it comes to evaluating the financial performance. there are several studies about the relationship between diversification and financial per...

the introductory issue of the journal of financial research contains six articles in farsi and one in english. it also offers a glossary of financial terminology. the first article deals with the efficient capital market hypothesis , and is authored by dr. ali jahankhani & hussein abdoh tabrizi. it explains the concept and theories of capital market efficiency and their historical development i...

a r t i c l e i n f o JEL classification: F30 G14 G15 Keywords: Hurst exponent Financial crisis Financial contagion Efficiency Stock markets MFDMA algorithm Copula models This study analyzes how the 2008 and 2010 financial crises, which began in the US and Greece respectively, affected the Hurst exponents of index returns of the stock markets of Belgium, France, Greece, Japan, the Netherlands, ...

We develop a new methodology to estimate the impact of financial transaction tax (FTT) on market outcomes. In our sequential trading model, there are price-elastic noise and informed traders. model through maximum likelihood for sample 60 NYSE stocks in 2017. quantify effect introducing an FTT given parameter estimates. An increases proportion trading, improves information aggregation, but lowe...

This paper explores the linkage between strategic grouping and performance of the Indian banking sector. Strategic grouping and performance were identified using published financial information for all public sector banks. Grouping of Indian public sector banks following comparable financial strategy – with similar asset quality, operational efficiency and profitability – was operationalized us...

This study estimates the multi-component efficiency of banks under financial holding companies, including profitability and marketability efficiencies, by utilizing a RAM (Range-adjusted measure) variation model. The analysis process uses the three-dimensional BCG (Boston Consulting Group) matrix created by this study. We find that although semi-publicly-owned banks under financial holding comp...

A stock exchange is an entity which provides ‘‘trading’’ facilities for stock brokers and traders to trade stocks and other securities. How to invest in stock exchange is one of the important issues in investment, and one of the factors that can help investors in the process of investment is the efficiency of the corporation under consideration. Data envelopment analysis is a mathematical method...