Determinants of Operational Efficiency and Total Factor Productivity Change of Major Cambodian Financial Institutions: A Data Envelopment Analysis During 2006–13

Hidenobu Okuda*, Daiju Aiba

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)

Abstract

ABSTRACT: We examine the determinants of efficiency and the total factor productivity (TFP) change of major financial institutions in Cambodia using data envelopment analysis (DEA). We apply two-stage bootstrapping estimation method to a panel data of twenty-seven financial institutions in the period of 2006–13. The empirical results reveal that the size and ownership structure of financial institutions are significantly correlated with the efficiency and TFP growth of banks. The efficiency of domestic institutions is found to be better than that of their foreign counterpart, and there is no significant difference in TFP growth between domestic and foreign institutions.

Original languageEnglish
Pages (from-to)1455-1471
Number of pages17
JournalEmerging Markets Finance and Trade
Volume52
Issue number6
DOIs
Publication statusPublished - 2016 Jun 2
Externally publishedYes

Keywords

  • bootstrapping analysis
  • Cambodian financial institutions
  • DEA
  • operational efficiency
  • TFP change

ASJC Scopus subject areas

  • Finance
  • Economics, Econometrics and Finance(all)

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