This paper examines whether the efficiency structure hypothesis holds true for major Japanese commercial banks using panel data covering fiscal years 1974-2001. The efficiency structure hypothesis has been hitherto mostly examined in comparison with the structure-conduct-performance (SCP)...

This paper examines whether the efficiency structure hypothesis holds true for Japanese major commercial banks using a panel data set covering the period from fiscal year 1974 to 2001. The efficiency structure hypothesis has been hitherto mostly examined in comparison with the...