Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iasi, Romania.
PLoS One. 2013;8(3):e59686. doi: 10.1371/journal.pone.0059686. Epub 2013 Mar 21.
In this paper we analyse the impact of financial liberalization and reforms on the banking performance in 17 countries from CEE for the period 2004-2008 using a two-stage empirical model that involves estimating bank performance in the first stage and assessing its determinants in the second one. From our analysis it results that banks from CEE countries with higher level of liberalization and openness are able to increase cost efficiency and eventually to offer cheaper services to clients. Banks from non-member EU countries are less cost efficient but experienced much higher total productivity growth level, and large sized banks are much more cost efficient than medium and small banks, while small sized banks show the highest growth in terms of productivity.
本文使用两阶段实证模型，分析了 2004 年至 2008 年期间来自中东欧的 17 个国家金融自由化和改革对银行绩效的影响。该模型的第一阶段估计银行绩效，第二阶段评估其决定因素。分析结果表明，自由化和开放程度较高的中东欧国家的银行能够提高成本效率，并最终为客户提供更便宜的服务。非欧盟成员国的银行成本效率较低，但总生产率增长水平较高，大型银行的成本效率明显高于中型和小型银行，而小型银行的生产率增长最高。
