“…1 Theory of Internationalisation. 3 The findings by McDonald (2009) are further supported by Estelle, Johnson, and Ruggiero (2010) who suggest that regression models involving DEA in the first stage are robust with respect to the selection of OLS, flogit, or non-parametric regression models in the second stage analysis. Furthermore, Hoff (2007) also suggests that Tobit regression is adequate to represent the second stage regression models, while the OLS regression models may sufficiently replace Tobit regression analysis as a second stage DEA model.…”
This paper seeks to expand the efficiency paradigm of the eclectic theory in multinational banking within the context of a developing country banking sector. We employ the Data Envelopment Analysis (DEA) method to examine the efficiency of multinational banks operating in the Malaysian banking sector from 1995 to 2007. We then employ the panel regression analysis to examine the impact of origins on bank efficiency. We find foreign banks from North America to be the most efficient banking group, providing support to the 'limited form' of the global advantage hypothesis. On the other hand, we do not find evidence on both the liability of unfamiliarness and home field advantage hypotheses.
“…1 Theory of Internationalisation. 3 The findings by McDonald (2009) are further supported by Estelle, Johnson, and Ruggiero (2010) who suggest that regression models involving DEA in the first stage are robust with respect to the selection of OLS, flogit, or non-parametric regression models in the second stage analysis. Furthermore, Hoff (2007) also suggests that Tobit regression is adequate to represent the second stage regression models, while the OLS regression models may sufficiently replace Tobit regression analysis as a second stage DEA model.…”
This paper seeks to expand the efficiency paradigm of the eclectic theory in multinational banking within the context of a developing country banking sector. We employ the Data Envelopment Analysis (DEA) method to examine the efficiency of multinational banks operating in the Malaysian banking sector from 1995 to 2007. We then employ the panel regression analysis to examine the impact of origins on bank efficiency. We find foreign banks from North America to be the most efficient banking group, providing support to the 'limited form' of the global advantage hypothesis. On the other hand, we do not find evidence on both the liability of unfamiliarness and home field advantage hypotheses.
“…Also Estelle et al [15] and Collier et al [16] introduced new second-stage models and compared and contrasted them with simulated data.…”
Section: The Ruggiero's Three-stage Modelmentioning
confidence: 99%
“…2. At any efficient unit, the upper and lower bounds for scale elasticity are respectively calculated by formulae (14) and (15). The results are summarized in Table 4.…”
“…Recently, Estelle et al (2010) presented a new three stage model and made a new comparison of the non discretionary models that uses various stages. Also, Cordero-Ferrera et al (2010) proposed a multi-stage approach based on Tobit regressions.…”
Section: Non Discretionary Models In Deamentioning
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