THE EUROPEAN INTEGRATION PROCESS AND ITS EFFECTS ON BANKS EFFICIENCY: EVIDENCE FROM ROMANIA

Yıl 2012, Cilt: 4 Sayı: 1, 31 - 40, 01.06.2012

Bogdan Iluț Dan Chırleșan

Öz

The structure of the banking sector of the new EU member states has registered a
definitive change as a result of the European integration process. In this context,
the aim of our paper is to investigate if the evolution of the Romanian banks
efficiency between 2002 and 2010 is in any way correlated with the European
integration process. We chose this period as it provides with a before and after
ascension look at the evolution of the efficiency of Romanian banks. Also, it
allows us to study the relationship between EU integration and the efficiency of
the banks in adverse conditions, like the ones determined by the financial and
economic crisis which has started in 2007. In order to compound the efficiency of
the banks we have used the Data Envelopment Analysis approach.

Anahtar Kelimeler

banking integration, efficiency, Data Envelopment Analysis, Romania

Kaynakça

• Asaftei, G., Kumbhakar, S. (2008), “Regulation and efficiency in transition: the case of Romanian banks”, Journal of Regulatory Economics, 33(3), pp. 253-282. Banker, R.D., Charnes, A., Cooper, W.W. (1984), “Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis”, Management Science, 30(9), pp. 1078-1092.
• Berger, A., Humphrey, D. (1997), “Efficiency of financial institutions: International survey and directions for future research”. European Journal of Operational Research, 98, pp. 175-212.
• Berger, A., Mester, L. (2003), “Explaining the dramatic changes in performance of US banks: Technological change, deregulation, and dynamic changes in competition”, Journal of Financial Intermediation, 12, pp. 57-95.
• Casu, B., Girardone, C. (2002), “A comparative Study of the Cost Efficiency of Italian Banks Conglomerates”, Managerial Finance, 28(9), pp. 3-23.
• Casu, B., Girardone, C., Molyneux, P. (2004), “Productivity change in European banking: A comparison of parametric and non-parametric approaches”, Journal of Banking and Finance, 28, pp. 2521-2540.
• Charnes, A., Cooper, W. and Rhodes, E. (1978), “Measuring the Efficiency of Decision Making Units”, European Journal of Operations Research, pp. 429-44.
• Denizer, CA., Dinc, M. and Tarimcilar, M. (2000), “Measuring banking efficiency in the pre- and postliberalisation environment: Evidence from the Turkish banking system”, World Bank Working Paper, 2476.
• Fries, S., Taci, A. (2005), “Cost efficiency of banks in transition: Evidence from 289 banks in 15 post-communist countries”, Journal of Banking and Finance, 29, pp. 55- 81.
• Grigorian, D., Manole, V. (2002), “Determinants of commercial bank performance in transition: An application of Data Envelopment Analysis”, The World Bank, Working Paper 2850.
• Havrylchyk, O. (2006), “Efficiency of the Polish banking industry: Foreign versus domestic banks”, Journal of Banking and Finance, 30, pp. 1975-1996.
• Koutsomanoli-Filippaki, A., Margaritis, D., Staikouras, C. (2009), “Efficiency and productivity growth in the banking industry of Central and Eastern Europe”, Journal of Banking and Finance, 33, pp. 557-567.
• Stavárek, D. and Polouček, S. (2003), “Efficiency and Profitability in the Banking Sector”, (in Polouček, S. (ed.), Reforming the Financial Sector in Central European Countries, Houndmills: Palgrave Macmillan), pp. 75-135.
• Stavarek, D. (2005), “Efficiency of Banks in Regions at Different Stage of European Integration Process”, Finance 0502020, EconWPA.
• Toçi, V. Z. (2009), “Efficiency of banks in South-East Europe: with special reference to Kosovo”, CBK Working Paper, no. 4.
• Weill, L. (2003), “Banking Efficiency in Transition Economies: The Role of Foreign Ownership”, Economics of Transition, 11, pp. 569-592.
• Yildirim, S., Philippatos, G. (2007), “Efficiency of banks: Recent evidence from the transition economies of Europe 1993-2000”, European Journal of Finance, 13, pp. 123-143.