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Article

Frank Engert

Demands for accountability in education are not a new phenomenon, however, they have increased significantly in the recent past and have encompassed not only educational…

Abstract

Demands for accountability in education are not a new phenomenon, however, they have increased significantly in the recent past and have encompassed not only educational outcomes but also efficiency. In this study, ratio measures, similar to those recommended by the GASB, were compared to measures of relative efficiency determined through the use of data envelopment analysis (DEA). The consistency of the two approaches in distinguishing between relatively efficient and inefficient school districts was examined. It was found that compared to the DEA approach, the ratio measures, may be unable to provide reliable information for educational decision making.

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Journal of Public Budgeting, Accounting & Financial Management, vol. 8 no. 2
Type: Research Article
ISSN: 1096-3367

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Article

Minwir Al‐Shammari and Anwar Salimi

This paper seeks to model and evaluate the comparative operating efficiency of banks using a non‐parametric methodology known as the data envelopment analysis (DEA). The…

Abstract

This paper seeks to model and evaluate the comparative operating efficiency of banks using a non‐parametric methodology known as the data envelopment analysis (DEA). The paper adopts a modified version of DEA in which no inputs are specified. The only variables considered are the financial ratios. The results obtained suggest that the majority of banks investigated are fairly inefficient over the period 1991‐94. In addition to calculating efficiency scores for all banks in the sample, the study results revealed the composite reference set and their shadow prices, major determinants of banks’ relative performance, and the target financial ratios.

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Logistics Information Management, vol. 11 no. 1
Type: Research Article
ISSN: 0957-6053

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Article

M. Oberholzer and G. van derWesthuizen

When bank managers are asked to comment on the bank’s performance over the past year, most would quote either their bank’s return on equity or return on assets. If these…

Abstract

When bank managers are asked to comment on the bank’s performance over the past year, most would quote either their bank’s return on equity or return on assets. If these measures were higher than those of their peers, the bank is referred to as a high‐performance bank. The ratios involved are financial ratios and the main problem with this approach is its reliance on comparable ratios. To find suitable comparable standards (norms) is quite difficult, and when the standard (norm) is not appropriate, the comparison may mislead the analyst. A measurement tool that can compensate for the weaknesses in financial ratios is therefore needed. One such tool that can be used to measure bank performance is Data Envelopment Analysis (DEA). The objective of this article is to draw a comparison between the results of financial ratios (as a conventional performance measurement) and the results obtained by means of DEA with regard to the performance evaluation of the ten regional offices of one of South Africa’s larger banks.

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Meditari Accountancy Research, vol. 12 no. 1
Type: Research Article
ISSN: 1022-2529

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Article

Levi Alan Russell, Michael R. Langemeier and Brian C. Briggeman

– This paper aims to develop and utilize a conceptual framework to examine the impact of liquidity and solvency on cost efficiency for a sample of Kansas farms.

Abstract

Purpose

This paper aims to develop and utilize a conceptual framework to examine the impact of liquidity and solvency on cost efficiency for a sample of Kansas farms.

Design/methodology/approach

A standard cost-efficiency model is modified to incorporate liquidity and solvency ratios. Tobit regressions are used to determine the impact of farm characteristics on improvements in efficiency.

Findings

Results confirm that liquidity and solvency measures have a significant impact on improving cost efficiency. Farms with larger expenditures on purchased inputs relative to capital were less likely to improve efficiency when liquidity and solvency were considered.

Originality/value

To the authors' knowledge, the paper is the first to add liquidity and solvency ratios to the cost-efficiency model developed by Färe et al. for the analysis of farms.

Details

Agricultural Finance Review, vol. 73 no. 3
Type: Research Article
ISSN: 0002-1466

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Article

Thanh Pham Thien Nguyen and Son Hong Nghiem

The purpose of this paper is to examine the interrelationships among default risk, capital and efficiency of the Indian banking system over 1990-2011. This study also took…

Abstract

Purpose

The purpose of this paper is to examine the interrelationships among default risk, capital and efficiency of the Indian banking system over 1990-2011. This study also took into account the impact of ownership on these interrelationships

Design/methodology/approach

This paper employed Data Envelopment Analysis (DEA) Windows Analysis to estimate efficiency levels and trends of individual banks. This paper then used a model of seemingly unrelated regression equations (SURE) to examine the interrelationships among default risk, capital and efficiency.

Findings

This study found a two-way negative association between efficiency and default risk, and between capital ratio and default risk. However, this study found a two-way positive relationship between capital ratio and only profit efficiency. Public banks behaved differently from private banks regarding the association between capital and efficiency. Moreover, public banks had greater probability of default risk, lower capital ratio but higher efficiency level than private banks. Further, default risk, capital ratio and efficiency of the Indian banking system increased over time, but the two formers were driven by public banks while the latter was driven by private banks.

Practical implications

The findings of this study appear to favour capital ratio as an efficient tool to improve efficiency and reduce default risk of the Indian banking system.

Originality/value

This paper is the first investigating the interrelationships between bank risk, capital and efficiency of the Indian banking system, where bank risk is measured by Z-score value and efficiency is captured by cost, revenue and profit efficiencies, and then considering the impact of agency issues on these interrelationships.

Details

Managerial Finance, vol. 41 no. 5
Type: Research Article
ISSN: 0307-4358

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Article

Parisa Kamyab, Mohammad Reza Mozaffari, Javad Gerami and Peter F. Wankei

It is always of great importance for managers in organizations to evaluate their staff members and create incentive systems, using instruments such as Data Envelopment…

Abstract

Purpose

It is always of great importance for managers in organizations to evaluate their staff members and create incentive systems, using instruments such as Data Envelopment Analysis (DEA) and DEA-R (DEA models based on ratio analysis). The purpose of this paper is to propose a two-stage network incentives system for commercial banks.

Design/methodology/approach

Centralized Resource Allocation (CRA) models make it possible to project all decision-making units (DMUs) onto the efficient frontier by solving a single linear programming model. In this paper, we use our proposed DEA-R-based CRA models to evaluate commercial banks in a two-stage case when the only ratios available are the assets-to-costs and income-to-assets vectors.

Findings

Thirteen commercial banks modeled as two-stage networks were evaluated by the models proposed in two different cases of ratio data. Results suggest that the proposed methodology yields more accurate efficiency scores, thus allowing better discrimination among DMUs. Furthermore, evaluating the DMUs when they are structured as two-stage (or even three-stage) networks makes it possible to examine the incentives system in more detail. Therefore, the use of incentive systems by managers would allow a better focus on the priority activities of commercial banks and a faster movement toward the frontier of best practices.

Originality/value

The super-efficiency scores of a number of commercial banks are evaluated based on the CRA model, as a cornerstone criterion for the two-stage evaluation in DEA-R, thus allowing the rank of each commercial bank in terms of the incentives system rather on the performance of the productive process.

Details

International Journal of Productivity and Performance Management, vol. 70 no. 2
Type: Research Article
ISSN: 1741-0401

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Content available
Book part

Anwar Puteh, Muhammad Rasyidin and Nurul Mawaddah

Purpose – The purpose of the research is to analyze the efficiency of Islamic banks in Indonesia. The data used in this research are panel data observed from 2012 until…

Abstract

Purpose – The purpose of the research is to analyze the efficiency of Islamic banks in Indonesia. The data used in this research are panel data observed from 2012 until 2016. The sampling of this research is conducted on five Sharia banks in Indonesia, that is, Bank Muamalat, Bank SyariahMandiri, BukopinSyariah, BRI Syariah, and Bank Mega Syariah.

Design/Methodology/Approach – The study uses a quantitative method to analyze the efficiency of Sharia banking with formulation of comparison of operating expenses to operating revenues (BOPO).

Finding – The result of this research concludes that Sharia banking in Indonesia has not been efficient during the last five years, that is, 2012–2016. This can be seen from the range of banking efficiency ratio. The average level of Islamic banking efficiency ranges between 89.73% and 94.16%. Bank Muamalat whose range is 94.16% shows the highest average efficiency ratio compared to other Sharia banks. Meanwhile, Bank Mega Syariah maintains the lowest average efficiency ratio that is 89.37%. The five Sharia banks have a high efficiency ratio of over 80%. This shows that Sharia banking in Indonesia is inefficient

Originality/Value – The bank should be able to balance between cost (cost) and revenue. Sharia banks must also be able to create good product innovation in order to increase the collection of funds from the community, such as for competitive outcomes, prizes, or other programs that raise public interest to use the services of Sharia banking.

Research Limitations/Implications – This inefficiency is due to the high bank operating costs compared to the bank’s operating income.

Details

Proceedings of MICoMS 2017
Type: Book
ISBN:

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Article

Aina Jazima Khairulanuwar and Nor Nazihah Chuweni

This paper aims to examine the significance and performance analysis of the Malaysian Real Estate Investment Trust (M-REIT) from 2014 to 2018.

Abstract

Purpose

This paper aims to examine the significance and performance analysis of the Malaysian Real Estate Investment Trust (M-REIT) from 2014 to 2018.

Design/methodology/approach

Performance analysis is done through operating ratio (current ratio), leverage ratio (debt ratio) and efficiency ratio (return on asset and return on equity).

Findings

M-REIT has been ranked 27th globally and 7th in Asia Pacific REIT market, implying the significance of the market. The trend of market capitalisation of M-REIT had flourished from 2014 to 2017 but declined in 2018. The total assets of M-REIT have been seen thriving over the years with both Islamic REIT market capitalisation and total assets showing improvements throughout the year. From the viewpoint of efficiency ratios of ROA and ROE, Islamic REIT is deemed more favourable to investors than conventional REITs, implying the high receptive of Islamic REITs.

Research limitations/implications

In terms of efficiency of operation, it is evident that several sectors of REITs may be at risk of liquidity due to the decline in current ratio from 2014 to 2018, as current ratio of less than 1 is considered a red flag.

Originality/value

Performance analysis on the performance of each sector as the outcome of the research could ease investors’ decision-making as whether it can be considered as one of the viable investments available in the market.

Details

International Journal of Law and Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1754-243X

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Book part

Rashmi Malhotra, Raymond R. Poteau and D.K. Malhotra

This study develops a multidimensional framework using data envelopment analysis (DEA) as a benchmarking tool to assess the performance of the commercial banks in India…

Abstract

This study develops a multidimensional framework using data envelopment analysis (DEA) as a benchmarking tool to assess the performance of the commercial banks in India. Using the DEA approach, this study compares the relative performance of 35 banks against one another with 8 variables as the benchmark parameters. This study finds that most of the banks are consistently performing well over a period from 2005 to 2009. The study also shows the areas in which inefficient banks are lagging behind and how they can improve their performance to bring them at par with the efficient commercial banks.

Details

Applications of Management Science
Type: Book
ISBN: 978-1-78052-100-8

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Article

Santosh Bopche and Sandeep Lamba

This paper aims to present experimental work examining the effect of opening size on the collection efficiency of cavity-type receiver geometries, e.g. modified cavity and…

Abstract

Purpose

This paper aims to present experimental work examining the effect of opening size on the collection efficiency of cavity-type receiver geometries, e.g. modified cavity and spherical cavity with single- as well as dual-stage water heating. The correlations, obtained using the experimentally obtained data, are helpful in designing of cavity receivers (modified and spherical geometry type) to be used in solar-power harnessing assignments/projects, for yielding better system performance.

Design/methodology/approach

The parameters of study encompass receiver opening or aperture ratios (d/D, ratio of diameter of opening to the maximum diameter of spherical cavity) of 0.4, 0.47, 0.533 and 0.6; flow Reynolds numbers of 938, 1,175, 1,525 and 1,880 with water as a coolant; and receiver inclination angles of 90, 60, 45 and 30° (with 90° as receiver-opening facing downward and 30° as receiver-aperture facing closer to sideway). A modified cavity receiver was examined for opening ratios of 0.46, 0.6, 0.7 and 0.93. The glass covers, with thickness 2, 4 and 6 mm, were positioned at the opening of cavity to mitigate the energy losses.

Findings

The experiments have been conducted at a lesser incoming radiative heat flux, for receiver cavity wall surface temperatures ranging from 90°C to 180°C. The collection efficiency values of both the receivers, modified cavity and spherical cavity types, are seen increasing with coolant flow rate and receiver tilt (inclination) angles, i.e. 30° → 90°. The collection efficiency exhibits maxima at an opening ratio of 0.533 in case of both single- and double-stage spherical cavity receiver. This value was observed as 0.6 for modified cavity receiver. The mathematical correlations developed for obtaining the collection efficiency values of modified cavity-type receiver, spherical cavity receiver with single stage and spherical cavity receiver with dual-stage water heating are given as ɳ=0.4667 Re0.0798dD0.1651 δ0.0281θ̇0.011, ɳ=0.2317 Re0.124 dD1.265δ0.0192θ̇0.2914 and ɳ=0.1137 Re0.1715dD0.8702θ̇0.2757, respectively.

Social implications

The findings of the paper may be helpful in erecting concentrating solar collector systems for household water heating, concentrating solar-based power generation as well as for various agricultural applications.

Originality/value

The experimental investigations are fewer in the literature examining the combined geometrical influence on the efficiency of cavity receivers with single- and double-stage water heating provisions.

Details

World Journal of Engineering, vol. 17 no. 2
Type: Research Article
ISSN: 1708-5284

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