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- Publications
- Influence
Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions?
- Allen N. Berger, L. Mester
- 1998
Over the past several years, substantial research effort has gone into measuring the efficiency of financial institutions. Many studies have found that inefficiencies are quite huge, on the order of… Expand
A study of bank efficiency taking into account risk-preferences
- L. Mester
- Economics, Business
- 1 July 1996
Abstract I use the stochastic cost frontier approach to investigate efficiency of banks operating in the Third Federal Reserve District, accounting for the quality and riskiness of bank output. In… Expand
Measuring efficiency at U.S. banks: Accounting for heterogeneity is important
- L. Mester
- Economics
- 16 April 1997
Estimates of bank cost efficiency can be biased if bank heterogeneity is ignored. The author compares X-inefficiency measures derived from a model that constrains the cost frontier to be the same for… Expand
Efficiency in the savings and loan industry
- L. Mester
- Economics
- 1 April 1993
Abstract The stochastic econometric cost frontier approach is modified to investigate efficiency in mutual and stock S & Ls using 1991 data on U.S. S & Ls. This methodology allows both the cost… Expand
Consumer Behavior and the Stickiness of Credit Card Interest Rates
During several episodes of declining or rising interest rate changes in the 1980s and 1990s, credit card rates changed little. At the same time, credit cards consistently earned higher returns than… Expand
- 329
- 33
Explaining the Dramatic Changes in Performance of U.S. Banks: Technological Change, Deregulation, and Dynamic Changes in Competition
- Allen N. Berger, L. Mester
- Economics
- 1 April 2001
The authors investigate the effects of technological change, deregulation, and dynamic changes in competition on the performance of U.S. banks. The authors' most striking result is that during… Expand
Deposits and Relationship Lending
The authors empirically examine the hypothesis that access to deposits with inelastic rates (core deposits) permits a bank to make contractual agreements with borrowers that are infeasible if the… Expand
Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions?
- Allen N. Berger, L. Mester
- Economics
- 1 July 1997
Over the past several years, substantial research effort has gone into measuring the efficiency of financial institutions. Many studies have found that inefficiencies are quite large, on the order of… Expand
Explaining The Dramatic Changes In Performance Of U.S. Banks: Technological Change, Deregulation, And Dynamic Changes In Competition
- Allen N. Berger, L. Mester
- Economics
- 2003
We investigate the effects of technological change, deregulation, and dynamic changes in competition on the performance of U.S. banks. Our most striking result is that during 1991-1997, cost… Expand
What's the point of credit scoring?
- L. Mester
- Business
- 1997
Credit scoring is already widely used for consumer lending and is becoming more commonly used in mortgage lending. Now, small business lending is getting into the scoring act. What does this mean for… Expand
- 405
- 22
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