Market power,efficiency and stability of Indian banks

Economic Change and Restructuring - We investigate the relationship between stability and market power in the Indian banking system for the years 2005 to 2019. For this purpose, we employ three...     

Banking efficiency and its determinants in selected frontier african markets

The degree of banking efficiency is of key importance as this has significant implication on the stability of financial systems and ultimately impacts on an economy. In this paper, we extend the existing literature by measuring the degree of bank efficiency in ten frontier African countries. We also attempt to analyse the determinants of banking efficiency in the sample countries. We employ a bank-level panel data set over the period 2008–2012 to measure banking efficiency in a two-stage procedure. In the first stage, we use the Data Envelopment Analysis technique to estimate technical, pure technical and scale bank efficiency. In the second stage, we use Simar and Wilson (J Econom 136:31–64, 2007) truncated bootstrapping approach to analyse the determinants of banking efficiency. The results of our analysis show that, to a greater extent, banks in the countries studied have efficient banking sectors. The results of truncated regression indicate that bank size is negatively related to banking sector efficiency while the degree of risk is positively related bank efficiency. Overall, the present study provides empirical information that may be used to guide future financial reform policies in the Frontier African countries.     

论第三部门兴起下的公共政策

第三部门的兴起带来了公共政策过程的变革。它使公共政策成为社会治理体系中新的调节工具,并使公 共政策具有了新地位和新作用。第三部门的兴起展示了社会治理环境对公共政策的创新要求。     

The need for performance auditing in the public sector and the best-practice frontier

The article is organized as follows. In Section 2 the arguments for performance auditing in the public sector are reviewed along the lines of the public-choice approach. An international comparison of the functions of supreme auditing institutions (Section 3) reveals that the BelgianRekenhof-Cour des Comptes lags behind, lacking a mandate for performance auditing. In Section 4 the notions of efficiency and effectiveness are clarified. Section S compares the concept of the best-practice frontier with a standard production function. In the public sector one is often confronted with a weak knowledge of the underlying technology. This poses problems of specification for a parametric estimation. Therefore a nonparametric frontier may be recommended. In Section 6 the Farrell method and the free disposal hull are presented. Moreover, when several inputs are transformed into a multiple output (instead of one single homogeneous output), data-envelopment analysis offers a solution (Section 7). These latter methods are also illustrated by an international empirical comparison of the efficiency of public enterprises: postal services in Section 6 and railway companies in Section 7. Some conclusions are reported in the final Section 8.     

Market structure, performance, and efficiency of the Chinese banking sector

The Chinese banking system is evolving from a mono-bank system to one involving many banks of varied types and functions and there is a heated debate on whether competition can help to improve the performance and efficiency of the banks. This paper tests five hypotheses that have been proposed in the literature on the relationship between market structure, profitability, and efficiency using data envelopment analysis with a panel data of the 14 largest nationwide banks in China during the period of 1998–2007. The empirical results show clearly that neither the structure-conduct performance nor the efficient structure hypotheses hold in China. The strongest support is for the relative market power hypothesis that suggests that banks with differentiated services and products are those with higher market shares, and that they are able exercise their market power to obtain higher profits by setting higher prices. Technical efficiency has a significant effect upon bank profitability and the policy makers should promote further competition in the Chinese banking sector.     

Power and cost containment in a Danish public hospital

The assumption that hospital decision-making is hierarchical in character underpins the policy formulation process in public as well as pluralist national health care systems. This article's analysis of decision-making in a Danish public hospital reinforces the contrary assertion: that effective authority in acute-care hospitals rests in an amorphous power relationship among the hospital's several occupational groups, in which physicians clearly have the upper hand. After a brief introduction to this Danish hospital, the article develops a detailed portrait of its informal power structure and of the different occupational groups' permanent power-maximizing strategies. Subsequently, the article assesses the impact of these strategies upon two recent efforts to contain the hospital's costs: a decision to close an expensive specialty clinic, and an attempt to shrink the hospital's size by transferring less sick elderly patients to a newly created rehabilitation facility. The study's findings suggest that efforts to impose hospital cost containment by exclusively political means are unlikely to succeed.     

Keeping the PEACE? A study of investigative interviewing practices in the public sector

Purpose. This study examined the interviewing ability of benefit fraud investigators, specifically examining the effects of training in the PEACE model. This model, preferred by the British police, is a mnemonic for the interview process: planning and preparation, engage and explanation, account, closure, and evaluation. Methods. An analysis was undertaken of 99 audiotapes of real‐life interviews with benefit fraud suspects, comparing performance levels between trained and untrained investigators, using an assessment scale consisting of 56 behavioural and procedural elements adapted from Clarke and Milne (2001) . Results. Some improvements were found in performance amongst the trained investigators notably with good practices being seen in the effective use of ‘open’ questions which facilitated increased information from suspects, in addition to a comprehensive fulfilment of the necessary legal requirements. Additionally, only rare occurrences were found of any unethical practices. However, the study also found little evidence of planning which was thought to affect interview content particularly in relation to their structure and flexibility. Concerns were also found with (i) shortfalls in rapport building, (ii) insufficient coverage of the points that required proving, (iii) failures to completely explore the suspect's motive and (iv) the lack of summarizing during the interview. Conclusions. The research found some performance improvement after interview training but this was insufficient to suggest a general trend towards increased professionalism. A need for further training was identified, both in the PEACE model and in other appropriate interviewing skills.     

A survey of public sector use of federally generated innovations

Several agencies of the U.S. Government make available technical information in hopes that it will be used by the public and/or private sector. This paper is a study of the awareness and/or use of such technical information by the managers in small city and/or county governments. Five technical sources were used in the survey. In general it was found that the managers of city, county and special districts in Central California had very limited knowledge about the five information sources.     

The Czech transition banking sector instability: the role of operational cost management

In this article we show—using the estimated cost efficiency of banks—that besides the risk (proxied by the share of non-performing loans), the quality of operational cost management was an equally important determinant of bank failure risk during the decade of banking sector transformation in the Czech Republic.

Banking in a theory of the business cycle: a model and critique of the Basle Accord on risk-based capital requirements for banks

This paper presents a theoretical framework for understanding the investment decisions and financing decisions of financial and non-financial enterprises over the business cycle. At the core of this theoretical framework is an agency problem between relatively more risk averse depositor/bondholders and relatively less risk averse stockholders. The solution to this agency problem is a corporate governance system that takes the form of an up-front contract that directs managers to make portfolio/investment decisions in the interest of their stockholders, and financing decisions in the interest of their depositor/bondholders. This enables depositor/bondholders to offset any risk shifting portfolio/investment decisions made on behalf of the shareholders thereby mitigating the moral hazard problem among debtors and creditors. The Basle Accord on risk-based capital requirements for depository institutions is one particular regulatory application of this more general theoretical framework. The paper concludes with a comparison between the Basle Accord and the 100% reserve or narrow banking proposal as the means of achieving a risk-free medium of exchange and a financial system that facilitates the optimal transfer of resources from savers to investors consistent with society’s aversion towards risk.     

试论竞争法上的竞争维持与成本效益原则

本文是笔者在通过对亚太经济合作组织（ＡＰＥＣ）成员经济体的竞争政策、法律进行研究后写成的、文章共分五个部分,分别对竞争维持与成本效益原则的一般概况及运用等情况作了介绍和分析,     

Third party billing for cost and care provided by Indian Health Service--HRSA Options for Indian Health Service

The notice sets forth a discussion of major approaches under consideration by the Health Resources and Services Administration (HRSA) to implement the Administration's proposed Fiscal Year 1984 budget with respect to expanding the billing and collection for services provided by the IHS from insurance companies and other sources.     

Technology transfer in the Americas: common and divergent practices among major research universities and public sector institutions

The present article presents the results of a qualitative study whose purpose was to compare the structure and operation of the programs for intellectual property management and technology transfer, and the mechanisms through which to foster entrepreneurship, in five high-profile research institutions across the Americas. The institutions of focus included Stanford University and the University of California, Davis in the United States; the Universidad Católica and the Universidad de Concepción in Chile; and the National Scientific and Technical Research Council in Argentina. The purpose of the study was to elucidate commonalities and differences among these institutions with respect to their technology transfer practices, and to distill methodologies that could be used to establish or refine technology transfer offices in American regions. Research revealed common goals and core activities, shared and implemented in similar ways among all five institutions. However, the analysis also identified divergent areas within the structure and operation of the various technology transfer programs, representing significant differences between the five institutions.     

Factors affecting information utilization and change: The case of recreation research and river management in the public sector

The Journal of Technology Transfer - This research looked at the information transfer process between recreation researchers and managers. The objective was to identify personal and organizational...     

The political economy of the green technology sector: A study about institutions, diffusion and efficiency

This paper discusses aspects related to the green technology sector (GT sector) in Germany. In a first step institutional reforms enabling diffusion of green technologies are analyzed. Cost arguments are also taken into account. In a second step a theoretical model developed by Tanguay et al. (Public Choice 120:1–27, 2004) is modified in order to evaluate the efficiency of the institutional setting in a political economy framework. The model is able to show that command and control policies (CCPs) are accompanied by cost-inefficiencies depending on the political weight of technology related interests groups. We further come to the result that relatively high marginal production costs may generate suboptimal high diffusion of a certain GT j. For relatively low marginal production costs policy induced demand may also be too low.