Yamori, Nobuyoshi; Harimaya, Kozo; Kondo, Kazumine - In: Asia-Pacific Financial Markets 10 (2003) 4, pp. 359-376
Few studies have investigated whether Japanese banks affiliated with bank holding companies are more efficient and profitable than independent banks. The present paper tests this hypothesis by using both a stochastic frontier approach and a market valuation approach. First, our results suggest...