A flexible cost function model with risk

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Kumbhakar, Subal; Lozano-Vivas, Ana; Sun, Kai;
  • Publisher: Aston University

In examining bank cost efficiency in banking inclusion of risk-taking of banks is very important. In this paper we depart from the standard modeling approach and view risk intimately related to the technology. Thus, instead of controlling for risk by viewing them as cov... View more
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