Two-stage DEA: An application to major Brazilian banks

作者：

Highlights：

• In this paper, efficiency in Brazilian banking is measured using a two-stage process.

• Results indicate that Brazilian banks are heterogeneous.

• Cost efficiency is explained by M&A and size.

• Productive efficiency is explained M&A and public status.

• Policy implications for the Brazilian banking sector are also derived.

摘要

•In this paper, efficiency in Brazilian banking is measured using a two-stage process.•Results indicate that Brazilian banks are heterogeneous.•Cost efficiency is explained by M&A and size.•Productive efficiency is explained M&A and public status.•Policy implications for the Brazilian banking sector are also derived.

论文关键词：Banking,DEA,Two-stage,Brazil,Intermediate measure,Centralized

论文评审过程：Available online 29 September 2013.

论文官网地址：https://doi.org/10.1016/j.eswa.2013.09.031