Author

Country Time period of St

1997 Bhattacharya et al(1997)

1998 Leightner and Lovell (1998)
1998 Gilbert and Wilson(1998)

India
Thailand
Korea

1986-1991
1989-1994
1980-1994

2001 Hao et al (2001)

2002 Yildirim (2002)

Korea
Turkey

1985-1995
1988-1998

2003 Isik and Hassan(2003)

Turkey

1980-1990

2003 Canhoto and Dermine (2003)

Portugal

1990-1995

2003 Kumbhakar and Sartar (2003)

India

1985-1996

2004 Magheyereh (2004)

Jordan

1984-2001

2005 Chen et al (2005)

2006 Ataullah and Le(2006)

China
India

1993-2000
1992-1998

Methodology/Approach
DEA
Malmquist Indices
Malmquist Indices
SFA
DEA
Malmquist Indices
DEA
Translog cost function

Intermediation

VRS- DEA
DEA and OLS

Findings
Public sector banks had higher efficiency compared to private
and foreign banks after liberalisation
Productivity improved after liberalisation.
Financial liberalisation had positive impacts on productivity.
Did not find any positive relationship between efficiency and
financial liberalisation.
Banks did not achieve any sustained efficiency gains.
Performance of banks improved after the implementation of
financial liberalisation.
Deregulation was accompanied by a major increase in efficiency.
Found little evidence that liberlaisation enhanced the
productivity of banks

Liberalisation led to improved efficiency of banks

Deregulation had a positive impact on efficiency but the effect
of the impact declined in the thud and fourth years of post
deregulation.
Positive relationship between competition and efficiency.

Author

Country

1993 Bauer et al(1993)

US

1995 Elyasian and Mehdian(1995)

US

1996 Hassan and Hunter (1996)

US

1996 Mester (1996)

US

1998 Chang et al(1998)

US

1998 Kraft and Tirtioglu(1998)

1999 Peek et al. (1999)

Croatia
US

1999 Avikiran (1999)

Australia

2004 Shmanugam and Das (2004)

India

2005 Chen et al (2005)

China

2006 Figueura et al(2006)

Various African countries

Time period of Study

Methodology/Approach
SFA

1979-1986

DEA

SFA
1991-1992

984-1989

SFA

OLS and Tobit regression

1994-1995
1984-1997

DEA
OLS regression

1986-1996

DEA

1992-1999

SFA

1993-2000

DEA

2001-2002

Parametric and nonparametric estimations

Findings
Inefficiency increased with size.
Both large and small bank: showed
similar efficiencies in 1979 but
largerbanks had higher efficiencies in
1986.
Domestically-owned US banks were more
cost effective than Japanese banks
operating in the US.
No significant relationship between size
and efficiency.
Foreign-owned multinational banks
operating in the US were less efficient
than US-owned banks.
Newly organised private banks are more
efficient than state-owned institution
Foreign banks that enter the US market are less efficient.
No significant relationship between size
and efficiency.
State bank groups and foreign banks
were more efficient than domestically
owned private bank

Large and small banks were most efficient. Foreign ownership was positively correlated with bank-l
Foreign-owned banks are more efficient
than domestic banks.

y correlated with bank-level efficiency while government ownership had the opposite influence on the banks.

fluence on the banks.

Author

Country Time period of Study

1992 Berg et al (1992)

Norway

1980-1989

2000 Avkiran(2000)

Australia

1986-1995

2001 Mukherjee et al(2001)

US

Large banks 1984-1990

2003 Isik and Hassan(2003)

Turkey

1980-1990

2004 Neal (2004)

Australia

1995-1999

2006 Jeanneney et al(2006)

China

1993-2001

Methodology/Approach Productivity
Findings regressed in the prederegulation period due to increased
Value added
competition.
Overall rise in total productivity driven more
by technological progress than technical
Malmquist Index
efficiency.
Productivity grew by 4.5% and banks with
Malmquist Index
large assets experienced higher productivity
Banks recorded productivity gains due to
DEA-Malmquist Index
efficiency increase.
Significant improvement in efficiency but a
Malmquist Index
negative catchup.

Malmquist Index

Productivity growth was mostly due to

technical progress rather than improved
efficiency.