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| Author: | McKillop, D. G. Glass, J. C. Ferguson, C. |
| Title: | Investigating the cost performance of UK credit unions using radial and non-radial efficiency measures |
| Journal: | Journal of Banking and Finance
2002 : AUG, VOL. 26:8, p. 1563-1592 |
| Index terms: | COSTS UNITED KINGDOM EFFECTIVENESS CREDIT UNIONS |
| Language: | eng |
| Abstract: | This paper examines the relative efficiency of UK credit unions. Radial and non-radial measures of input cost efficiency plus associated scale efficiency measures are computed for a selection of input output specifications. Both measures highlighted that UK credit unions have considerable scope for efficiency gains. It was mooted that the documented high levels of inefficiency may be indicative of the fact that credit unions, based on clearly defined and non-overlapping common bonds, are not in competition with each other for market share. Credit unions were also highlighted as suffering from a considerable degree of scale inefficiency with the majority of scale inefficient credit unions subject to decreasing returns to scale. |
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