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dc.contributor.authorLafuente González, Esteban Miguel
dc.contributor.authorEpure, Mircea
dc.contributor.otherUniversitat Politècnica de Catalunya. Departament d'Organització d'Empreses
dc.date.accessioned2015-04-20T09:03:22Z
dc.date.available2015-04-20T09:03:22Z
dc.date.created2015
dc.date.issued2015
dc.identifier.citationLafuente, E.; Epure, M. Monitoring banks in the presence of risk. "Journal of Productivity Analysis", 2015, vol.44, núm. 3, p.265-281
dc.identifier.issn1573-0441 (electronic version)
dc.identifier.urihttp://hdl.handle.net/2117/27455
dc.description.abstractThis paper proposes a managerial control tool that integrates risk in efficiency measures. Building on existing efficiency specifications, our proposal reflects the real banking technology and accurately models the relationship between desirable and undesirable outputs. Specifically, the undesirable output is defined as nonperforming loans to capture credit risk, and is linked only to the relevant dimension of the output set. We empirically illustrate how our efficiency measure functions for managerial control purposes. The application considers a unique dataset of Costa Rican banks during 1998–2012. Results’ implications are mostly discussed at bank-level, and their interpretations are enhanced by using accounting ratios. We also show the usefulness of our tool for corporate governance by examining performance changes around executive turnover. Our findings confirm that appointing CEOs from outside the bank is associated with significantly higher performance ex post executive turnover, thus suggesting the potential benefits of new organisational practices.
dc.language.isoeng
dc.publisherSpringer
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Spain
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subjectÀrees temàtiques de la UPC::Edificació::Seguretat en la construcció
dc.subject.lcshBuilding -- Industrial safety
dc.titleMonitoring bank performance in the presence of risk
dc.typeArticle
dc.subject.lemacConstrucció -- Seguretat en el treball
dc.contributor.groupUniversitat Politècnica de Catalunya. AS3 - Estadística Aplicada i Ciències Socials
dc.identifier.doi10.1007/s11123-014-0413-z
dc.description.peerreviewedPeer Reviewed
dc.rights.accessOpen Access
local.identifier.drac15437001
dc.description.versionPostprint (author’s final draft)
local.citation.authorLafuente, E.; Epure, M.
local.citation.publicationNameJournal of Productivity Analysis
local.citation.volume44
local.citation.number3
local.citation.startingPage265
local.citation.endingPage281


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Attribution-NonCommercial-NoDerivs 3.0 Spain
Except where otherwise noted, content on this work is licensed under a Creative Commons license : Attribution-NonCommercial-NoDerivs 3.0 Spain