Nonparametric efficiency estimation in stochastic environments: Noise-to-signal estimation, finite sample performance and hypothesis testing

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4 Citations (Scopus)

Abstract

This study considers the issues of noise-to-signal estimation, finite sample performance and hypothesis testing for a new nonparametric and stochastic efficiency estimation technique. We apply the technique for analyzing the efficiency of European banks from various regions and with various specializations. The technique seems well suited for this application area because banking inputs and outputs generally are measured with error, the banking production technology is not well-defined and large banking data sets such as BankScope allow for a nonparametric approach.

Original languageEnglish
Pages (from-to)2065-2080
Number of pages16
JournalJournal of Banking and Finance
Volume31
Issue number7
DOIs
Publication statusPublished - Jul 1 2007

Keywords

  • European banks
  • Finite sample performance
  • Hypothesis testing
  • Noise-to-signal estimation
  • Nonparametric efficiency estimation

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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