Assessing the Impact of Financial Sector Restructuring on Bank Performance in a Smalldeveloping Economy

摘要

The present paper examines the impact of mergers and acquisitions on the technical efficiency of the Malaysian banking sector. The analysis consists of three stages. Firstly, by using the Data Envelopment Analysis (DEA) approach, we calculate the technical, pure technical, and scale efficiency of individual banks during the period 1997-2003. Secondly, we examine changes in the efficiency of the Malaysian banking sector during the pre and post merger periods by using a series of parametric and non-parametric univariate tests. Finally, we employ the multivariate regression analysis to examine factors that influence the efficiency of Malaysian banks. Although the merger program was unpopular, perceived by the market as impractical, and controversial, the empirical findings from this study suggest that the merger program among the Malaysian domestic commercial banks was driven by economic reasons.~(–)Sa?etakRad istra?uje utjecaj spajanja i akvizicija na tehni?ku efikasnost malezijskog bankarskog sektora. Analiza se sastoji od tri faze. Koriste?i DEA (Analiza ome?enih podataka) pristup, najprije smo izra?unali ?isto tehni?ku i efikasnost s obzirom na opseg djelovanja pojedinih banaka u periodu 1997.-2003. Nakontoga, istra?ili smo promjene u efikasnosti malezijskog bankarskog sektora tijekom perioda prije i poslije spajanja koriste?i niz parametarskih i neparametrijskih univarijatnih testova. Na kraju smo primijenili multivarijatnu regresijsku analizu kako bismo ispitali ?imbenike koji utje?u na efikasnost malezijskih banaka. Iako je program spajanja bio nepopularan i od strane tr?i?ta shva?en kao neprakti?an i kontroverzan, empirijski nalazi ovog istra?ivanja pokazuju da je program spajanja doma?ih malezijskih banaka potaknut ekonomskim razlozima.