Organizational form and expense preference: Spanish experience

Document Type

Article

Publication Date

1-1-2002

Abstract

This articles investigates the effect of alternative ownership structures, stock versus mutual, on the cost of production of Spanish depository institutions. By introducing a stochastic frontier analysis in estimating the best-practiced expense-preference behaviour, the empirical approach adjusts for the possibility that the two sectors of the banking industry employ different production technologies and finds evidence that is consistent with expense-preference behaviour by the mutual savings banks.

Identifier

0036206803 (Scopus)

Publication Title

Bulletin of Economic Research

External Full Text Location

https://doi.org/10.1111/1467-8586.00144

ISSN

03073378

First Page

135

Last Page

150

Issue

2

Volume

54

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