Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Business
Measuring Productivity Change In Higher Education: An Application Of Hicks-Moorsteen Total Factor Productivity Index To Malaysian Public Universities, Amir Arjomandi, Mad Ithnin Salleh, Abbas Mohammadzadeh
Measuring Productivity Change In Higher Education: An Application Of Hicks-Moorsteen Total Factor Productivity Index To Malaysian Public Universities, Amir Arjomandi, Mad Ithnin Salleh, Abbas Mohammadzadeh
Faculty of Business - Papers (Archive)
This paper offers an in-depth analysis of efficiency and productivity changes using the Hicks-Moorsteen total factor productivity index, in the context of higher education institutions. Unlike the Malmquist method, this approach makes no assumptions about firms' returns to scale conditions. We assume that the production technology exhibits variable returns to scale, which is more plausible than the constant returns to scale assumption, because universities usually operate at suboptimal scales. Three major groupings of Malaysian public universities are used in our case study: research, comprehensive, and focused universities. The results show that technical efficiency has improved after the 2007 National Higher …
Analysing Banks' Intermediation And Operational Performance Using The Hicks-Moorsteen Tfp Index: The Case Of Iran, Amir Arjomandi, Abbas Valadkhani, Martin O'Brien
Analysing Banks' Intermediation And Operational Performance Using The Hicks-Moorsteen Tfp Index: The Case Of Iran, Amir Arjomandi, Abbas Valadkhani, Martin O'Brien
Faculty of Business - Papers (Archive)
In order to analyse the impact of policy reforms on the performance of the banking sector in Iran we present a decomposition of the Hicks-Moorsteen Total Factor Productivity (TFP). This entails a comparison of both the intermediate and operating performances of different types of banks in the pre- and post-reform eras. Our results show that under the intermediation approach, state-owned banks (public banks) were considerably more efficient than private banks in the post-regulation period. In contrast, under the operating approach, private banks were fully technically efficient and mix efficient in both pre and post-reform eras. This paper highlights the importance …
Financial Liberalization Index For Nepal, Min B Shrestha, Khorshed Chowdhury
Financial Liberalization Index For Nepal, Min B Shrestha, Khorshed Chowdhury
Faculty of Business - Papers (Archive)
A financial liberalization index (FLI) for Nepal is constructed in order to show the degree or the level of financial liberalization at a particular time. FLI is calculated on the basis of principal components method following Demetriades and Luintel (1997), Bandiera, Caprio et al. (2000), Laeven (2003), and Laurenceson and Chai (2003). The index comprises eight policy components, viz, (1) interest rate deregulation (IRD), (2) removal of entry barriers (REB), (3) reduction in reserve requirement (RRR), (4) easing in credit control (ECC), (5) implementation of prudential rules (IPR), (6) stock market reform (SMR), (7) privatization of state-owned banks (PSB), and …