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Efficiency of Banks With a Double Bottom Line

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  2. Economics, Finance, Business & Management
  3. Credit and Capital Markets – Kredit und Kapital
  4. Vol. 56, Issue 3-4
  5. pp. 255–285

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Burgstaller, J., Dietl, K. Efficiency of Banks With a Double Bottom Line. Credit and Capital Markets – Kredit und Kapital, 56(3-4), 255-285. https://doi.org/10.3790/ccm.2023.1428501
Burgstaller, Johann and Dietl, Katharina "Efficiency of Banks With a Double Bottom Line" Credit and Capital Markets – Kredit und Kapital 56.3-4, 2023, 255-285. https://doi.org/10.3790/ccm.2023.1428501
Burgstaller, Johann/Dietl, Katharina (2023): Efficiency of Banks With a Double Bottom Line, in: Credit and Capital Markets – Kredit und Kapital, vol. 56, iss. 3-4, 255-285, [online] https://doi.org/10.3790/ccm.2023.1428501
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Efficiency of Banks With a Double Bottom Line

Burgstaller, Johann | Dietl, Katharina

Credit and Capital Markets – Kredit und Kapital, Vol. 56 (2023), Iss. 3-4 : pp. 255–285

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/ccm.2023.1428501
Language
English
Pages
31
Keywords

Author Details

Assoz. Univ.-Prof. Dr. Johann Burgstaller, Johannes Kepler University, Altenberger Str. 69, A-4040 Linz.

Katharina Dietl, MSc, MBA, Johannes Kepler University, Altenberger Str. 69, A-4040 Linz.

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Abstract

If banks’ performance is to be be evaluated against the objectives they actually pursue, assessments of stakeholder-oriented banks should go beyond financial efficiency. Furthermore, also the environment these institutions operate in has to be kept in mind when interpreting levels of managerial inefficiency. For 401 Austrian regional banks, this study compares financial efficiency to a measure of social efficiency that considers several kinds of stakeholder benefits. Both efficiency scores are calculated by use of data envelopment analysis. In a second estimation stage, we use truncated regression to account for differences in efficiency due to the market environment. Our results show that efficiency rankings across Austrian savings banks and credit cooperatives change considerably when their double bottom line and local market factors are considered. Both issues thus are important for adequate and fair performance benchmarking.

Table of Contents

Section Title Page Action Price
Johann Burgstaller / Katharina Dietl: Efficiency of Banks With a Double Bottom Line 255
Abstract 255
I. Introduction 255
II. Background and Literature Review 257
III. Data, Variables and Empirical Approach 264
IV. Results 270
1. Results on Efficiency Scores, Full Sample 270
2. Results on Efficiency Scores, Restricted Sample 271
3. Characteristics of Banks ‘Improving’ Most 272
4. Scale Efficiency 273
5. Correcting for Environmental Confounders 273
6. Sectoral Differences in Efficiency 276
V. Summary and Conclusions 278
References 279

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