TY - JOUR
T1 - Irish Credit Unions: Investigating performance determinants and the opportunity cost of regulatory compliance
AU - Glass, J. Colin
AU - McKillop, Donal G.
AU - Rasaratnam, Syamarlah
PY - 2010/1
Y1 - 2010/1
N2 - The study investigates how producer-specific environmental factors influence the performance of Irish credit unions. The empirical analysis uses a two-stage approach. The first stage measures efficiency by a data envelopment analysis (DEA) estimator, which explicitly incorporates the production of undesirable outputs such as bad loans in the modelling, and the second stage uses truncated regression to infer how various factors influence the (bias-corrected) estimated efficiency. A key finding of the analysis is that 68% of Irish credit unions do not incur an extra opportunity cost in meeting regulatory guidance on bad debt.
AB - The study investigates how producer-specific environmental factors influence the performance of Irish credit unions. The empirical analysis uses a two-stage approach. The first stage measures efficiency by a data envelopment analysis (DEA) estimator, which explicitly incorporates the production of undesirable outputs such as bad loans in the modelling, and the second stage uses truncated regression to infer how various factors influence the (bias-corrected) estimated efficiency. A key finding of the analysis is that 68% of Irish credit unions do not incur an extra opportunity cost in meeting regulatory guidance on bad debt.
UR - http://www.scopus.com/inward/record.url?scp=70350367251&partnerID=8YFLogxK
U2 - 10.1016/j.jbankfin.2009.07.001
DO - 10.1016/j.jbankfin.2009.07.001
M3 - Article
SN - 0378-4266
VL - 34
SP - 67
EP - 76
JO - Journal of Banking & Finance
JF - Journal of Banking & Finance
IS - 1
ER -