Arjomandi, Amir; Valadkhani, Abbas - School of Accounting, Economics, and Finance, … - 2010
This study is the first to use the Hicks-Moorsteen TFP index developed by O’Donnell (2008,2009, 2010c) to analyse efficiency and productivity changes in the banking system. The advantage of this approach over the popular Malmquist productivity index is that it is free from any assumptions...