Bank efficiency and stock returns.

Sarpong, D. Jnr.; Winful, E. C.; Ntiamoah, J.

dc.contributor.author	Sarpong, D. Jnr.
dc.contributor.author	Winful, E. C.
dc.contributor.author	Ntiamoah, J.
dc.date.accessioned	2023-01-23T12:39:04Z
dc.date.available	2023-01-23T12:39:04Z
dc.date.issued	2017
dc.identifier.other	10.5897/JEIF2016.0805
dc.identifier.uri	http://www.academicjournals.org/JEIF
dc.identifier.uri	http://atuspace.atu.edu.gh:8080/handle/123456789/2649
dc.description.abstract	Increased competition and globalization have made it imperative for banks to achieve high efficiency in order to generate required returns. This paper investigates the relationship between bank efficiency estimates, derived from both Stochastic Frontier Approach (SFA) and Data Envelopment Analysis (DEA) and share prices of banks listed on the Ghana stock exchange. The results give an indication that changes in cost and profit efficiency are reflected in stock performance and that efficiency is directly observed by the public and reflected in share prices, though SFA efficiency scores are not reflected in share prices as being equally important as compared to DEA efficiency scores.	en_US
dc.language.iso	en_US	en_US
dc.publisher	Journal of Economics and International Finance	en_US
dc.relation.ispartofseries	vol.;9
dc.subject	Efficiency	en_US
dc.subject	share price changes	en_US
dc.subject	Stochastic Frontier Approach (SFA)	en_US
dc.subject	data envelopment analysis	en_US
dc.title	Bank efficiency and stock returns.	en_US
dc.type	Article	en_US