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Economics of scale and scope in small depository institutions: Evidence from U.S. cooperative banks

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  • Rezvanian, Rasoul
  • Mahdian, Seyed
  • Elyasiani, Elyas
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  • Rezvanian, Rasoul & Mahdian, Seyed & Elyasiani, Elyas, 1996. "Economics of scale and scope in small depository institutions: Evidence from U.S. cooperative banks," The Quarterly Review of Economics and Finance, Elsevier, vol. 36(1), pages 39-54.
    • Handle: RePEc:eee:quaeco:v:36:y:1996:i:1:p:39-54
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    7. Cebenoyan, A Sinan, 1990. "Scope Economies in Banking: The Hybrid Box-Cox Function," The Financial Review, Eastern Finance Association, vol. 25(1), pages 115-125, February.
    8. Murray, John D & White, Robert W, 1983. "Economies of Scale and Economies of Scope in Multiproduct Financial Institutions: A Study of British Columbia Credit Unions," Journal of Finance, American Finance Association, vol. 38(3), pages 887-902, June.
    9. Gropper, Daniel M, 1991. "An Empirical Investigation of Changes in Scale Economies for the Commercial Banking Firm, 1979-1986," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 23(4), pages 718-727, November.
    10. Spitzer, John J, 1984. "Variance Estimates in Models with the Box-Cox Transformation: Implications for Estimations and Hypothesis Testing," The Review of Economics and Statistics, MIT Press, vol. 66(4), pages 645-652, November.
    11. Smith, Donald J, 1984. "A Theoretic Framework for the Analysis of Credit Union Decision Making," Journal of Finance, American Finance Association, vol. 39(4), pages 1155-1168, September.
    12. Fuss, Melvyn & McFadden, Daniel (ed.), 1978. "Production Economics: A Dual Approach to Theory and Applications," Elsevier Monographs, Elsevier, edition 1, number 9780444850133.
    13. David B. Humphrey, 1990. "Why do estimates of bank scale economies differ?," Economic Review, Federal Reserve Bank of Richmond, vol. 76(Sep), pages 38-50.
    14. Cebenoyan, A Sinan, 1988. "Multiproduct Cost Functions and Scale Economies in Banking," The Financial Review, Eastern Finance Association, vol. 23(4), pages 499-512, November.
    15. Fuss, Melvyn & McFadden, Daniel, 1978. "Production Economics: A Dual Approach to Theory and Applications (I): The Theory of Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 1, number fuss1978.
    16. Le Compte, Richard L B & Smith, Stephen D, 1990. "Changes in the Cost of Intermediation: The Case of Savings and Loans," Journal of Finance, American Finance Association, vol. 45(4), pages 1337-1346, September.
    17. Panzar, John C & Willig, Robert D, 1981. "Economies of Scope," American Economic Review, American Economic Association, vol. 71(2), pages 268-272, May.
    18. Berger, Allen N. & Humphrey, David B., 1991. "The dominance of inefficiencies over scale and product mix economies in banking," Journal of Monetary Economics, Elsevier, vol. 28(1), pages 117-148, August.
    19. BARTEN, Anton P., 1969. "Maximum likelihood estimation of a complete system of demand equations," LIDAM Reprints CORE 34, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    20. Fuss, Melvyn & McFadden, Daniel, 1978. "Production Economics: A Dual Approach to Theory and Applications (II): Applications of the Theory of Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 2, number fuss1978a.
    21. Kim, H Youn, 1986. "Economies of Scale and Economies of Scope in Multiproduct Financial Institutions: Further Evidence from Credit Unions: A Note," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 18(2), pages 220-226, May.
    22. Fried, Harold O. & Knox Lovell, C. A. & Eeckaut, Philippe Vanden, 1993. "Evaluating the performance of US credit unions," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 251-265, April.
    23. Hunter, William C & Timme, Stephen G & Yang, Won Keun, 1990. "An Examination of Cost Subadditivity and Multiproduct Production in Large U.S. Banks," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 22(4), pages 504-525, November.
    24. Buono, Mark J. & Eakin, B. Kelly, 1990. "Branching restrictions and banking costs," Journal of Banking & Finance, Elsevier, vol. 14(6), pages 1151-1162, December.
    25. Gilligan, Thomas & Smirlock, Michael & Marshall, William, 1984. "Scale and scope economies in the multi-product banking firm," Journal of Monetary Economics, Elsevier, vol. 13(3), pages 393-405, May.
    26. Denny, Michael & Pinto, Cheryl, 1978. "An Aggregate Model with Multi-Product Technologies," Histoy of Economic Thought Chapters, in: Fuss, Melvyn & McFadden, Daniel (ed.),Production Economics: A Dual Approach to Theory and Applications, volume 2, chapter 9, McMaster University Archive for the History of Economic Thought.
    27. McAllister, Patrick H. & McManus, Douglas, 1993. "Resolving the scale efficiency puzzle in banking," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 389-405, April.
    28. Jeffrey A. Clark, 1988. "Economies of scale and scope at depository financial institutions: a review of the literature," Economic Review, Federal Reserve Bank of Kansas City, vol. 73(Sep), pages 16-33.
    29. Hanoch, Giora, 1975. "The Elasticity of Scale and the Shape of Average Costs," American Economic Review, American Economic Association, vol. 65(3), pages 492-497, June.
    30. Luger, Michael I. & Evans, William N., 1988. "Geographic differences in production technology," Regional Science and Urban Economics, Elsevier, vol. 18(3), pages 399-424, August.
    31. Mester, Loretta J, 1987. "A Multiproduct Cost Study of Savings and Loans," Journal of Finance, American Finance Association, vol. 42(2), pages 423-445, June.
    32. repec:bla:scandj:v:92:y:1990:i:3:p:437-51 is not listed on IDEAS
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    Cited by:

    1. Seyed Mehdian & Rasoul Rezvanian, 1998. "Production economies of small depository institutions in the post-FIRREA era: evidence from cooperative banks," Applied Economics, Taylor & Francis Journals, vol. 30(3), pages 427-433.
    2. Martin Desrochers & Klaus P. Fischer, 2005. "The Power of Networks: Integration and Financial Cooperative Performance," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 76(3), pages 307-354, September.
    3. Rezvanian, Rasoul & Mehdian, Seyed, 2002. "An examination of cost structure and production performance of commercial banks in Singapore," Journal of Banking & Finance, Elsevier, vol. 26(1), pages 79-98, January.
    4. Martin Desrochers & Klaus P. Fischer, 2003. "Theory and Test on the Corporate Governance of Financial Cooperative Systems: Merger vs. Networks," Cahiers de recherche 0334, CIRPEE.
    5. Derek C. Jones & Panu Kalmi, 2012. "Economies of Scale Versus Participation: a Co-operative Dilemma?," Journal of Entrepreneurial and Organizational Diversity, European Research Institute on Cooperative and Social Enterprises, vol. 1(1), pages 37-64, December.
    6. Fortin, Mario & Leclerc, André & Thivierge, Claude, 2000. "Économies d’échelle et de gamme dans les Caisses Desjardins," L'Actualité Economique, Société Canadienne de Science Economique, vol. 76(3), pages 393-421, septembre.
    7. Ali Awdeh & Chawki El-Moussawi & Wafaa Nasser, 2016. "The Impact of Consolidation and Modernisation on Banking Scale and Scope Economies," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(5), pages 169-181, May.

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