nep-ino New Economics Papers
on Innovation
Issue of 2007‒01‒06
one paper chosen by
Koen Frenken
Universiteit Utrecht

  1. A Note on Productivity Change in European Co-operative Banks: The Luenberger Indicator Approach By Carlos Pestana Barrosa; Nicolas Peypoch; Jonathan Williams

  1. By: Carlos Pestana Barrosa; Nicolas Peypoch; Jonathan Williams
    Abstract: This paper proposes a framework for benchmarking European co-operative banks and the rationalization of their operational activities. The analysis is based on the Luenberger productivity indicator. A key advantage of this method is that it allows for both input contraction and output expansion in determining relative efficiencies and productivity changes. Benchmarks are provided for improving the operations of those banks which perform worse than others. Several interesting and useful managerial insights and implications arise from the study. The general conclusion is that, between 1996 and 2003, productivity increased for the majority of European co-operative banks analyzed.
    Keywords: Europe; Co-operative banks; Luenberger productivity indicator.
    JEL: G21 D24

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