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Malmquist index analysis of the recent development of the Slovak banking sector from two different angles

机译:从两个不同角度对斯洛伐克银行业近期发展的马尔姆奎斯特指数分析

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Filling the gap that exists in the extant research oriented on productivity and efficiency change of Slovak commercial banks, the paper aims to examine the productivity change and its nature that was effective in the Slovak banking sector in three subsequent sub-periods of its development from 2000 to 2012. In this effort, issues of banking production are interpreted from the standpoint of two competing approaches to banking behaviour, the production approach and the intermediation approach, which permits treating the core essence of banking production from two different angles and comparing results. To this end, the Malmquist index methodology developed originally for group performance comparison is extended and modified to quantify productivity change and decompose it into its sources for the situation when there are multi-year structurally different periods of economic development, between which production technology remains intact and free of structural shift. This methodology is utilized in conjunction with the non-oriented slacks-based model of Tone and with the decomposition of productivity change as proposed by Ray and Desli. Besides the fact that the Slovak banking sector recorded a productivity increase between the first sub-period (2000-2003) and the third sub-period (2009-2012) of its development, it is symptomatic that innovation capacity and espousal of new technologies was tied with large commercial banks and smaller banks were only able to follow up these tendencies. As to the difference between the two approaches, they differ especially in how they view improvement or deterioration of relative technical efficiency of individual banks over the investigated period from 2000 to 2012. This complies with the difference that naturally exists between financial intermediation and provision of banking services.
机译:填补了现有的针对斯洛伐克商业银行生产率和效率变化的研究的空白,本文旨在研究生产率变化及其性质,该变化在斯洛伐克银行业自2000年起的三个随后发展时期中均有效到2012年。从银行行为的两种竞争方法(生产方法和中介方法)的角度来解释银行生产的问题,这可以从两个不同的角度处理银行生产的核心本质并比较结果。为此,最初为团体绩效比较而开发的Malmquist指数方法已得到扩展和修改,以量化生产力变化并将其分解为经济发展存在多年结构不同时期的情况的源,在此期间生产技术保持不变并且没有结构上的变化。此方法与基于非定向的基于松弛的Tone模型结合使用,并与Ray和Desli提出的生产率变化分解一起使用。除了斯洛伐克银行业在其发展的第一个子时期(2000-2003年)和第三个子时期(2009-2012年)之间记录到生产率提高的事实之外,症状还在于创新能力和对新技术的拥护是与大型商业银行和小型银行捆绑在一起的人只能遵循这些趋势。关于这两种方法之间的差异,它们的差异尤其在于他们如何看待2000年至2012年调查期间各个银行的相对技术效率的提高或降低。这与金融中介与银行提供之间自然存在的差异相符。服务。

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