Financial institutions efficiency: a systematic literature review
This study conducts a systematic literature review on the effect of risk management on financial institutions’ efficiency. Using the PRISMA method, we analysed 173 studies published between 1990 and 2023 in journals ranked by Academic Journal Guide, issued by the Chartered Association of Business Sc...
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| Format: | Article |
| Language: | deu |
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Faculty of Economics University of Rijeka
2024-12-01
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| Series: | Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu |
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| Online Access: | https://www.efri.uniri.hr/upload/1/07-Petrovi%C4%87_et_al-2024-2.pdf |
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| _version_ | 1832582708187889664 |
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| author | Danijel Petrović Goran Karanović |
| author_facet | Danijel Petrović Goran Karanović |
| author_sort | Danijel Petrović |
| collection | DOAJ |
| description | This study conducts a systematic literature review on the effect of risk management on financial institutions’ efficiency. Using the PRISMA method, we analysed 173 studies published between 1990 and 2023 in journals ranked by Academic Journal Guide, issued by the Chartered Association of Business Schools in 2021. The results reveal that both parametric (Stochastic Frontier Approach) and non-parametric (Data Envelopment Analysis) models are equally utilized in estimating the efficiency of financial institutions. The limitations of these methodologies are discussed, while also indicating a lack of consensus on the classification of variables. Furthermore, the results show that recent studies mainly focus on the effects of mergers and acquisitions activities, regulation, and risk management on the efficiency of banks and insurance companies. Finally, a current trend towards developing composite indices in efficiency estimation is emphasized. Findings from this study will be useful to academics, researchers, financial institution managers, policymakers, and regulators interested in financial institutions’ efficiency. |
| format | Article |
| id | doaj-art-cd97f78f479c4821815f7431328c6924 |
| institution | Kabale University |
| issn | 1331-8004 1846-7520 |
| language | deu |
| publishDate | 2024-12-01 |
| publisher | Faculty of Economics University of Rijeka |
| record_format | Article |
| series | Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu |
| spelling | doaj-art-cd97f78f479c4821815f7431328c69242025-01-29T11:55:14ZdeuFaculty of Economics University of RijekaZbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu1331-80041846-75202024-12-0142241146610.18045/zbefri.2024.2.11Financial institutions efficiency: a systematic literature reviewDanijel Petrović0https://orcid.org/0000-0001-9720-308XGoran Karanović1PhD Student, University of Rijeka, Faculty of Tourism and Hospitality Management, Primorska 46, Ika p.p. 97, 51410 Opatija, Croatia. Teaching Assistant, Juraj Dobrila University of Pula, Faculty of Economics and Tourism “Dr. Mijo Mirković”, Preradovićeva 1/1, 52100 Pula, Croatia. Scien-tific affiliation: risk management, insurance, financial institutions efficiency. E-mail: dpe-trovic@unipu.hrFull Professor, University of Rijeka, Faculty of Tourism and Hospitality Management, Primorska 46, Ika p.p. 97, 51410 Opatija, Croatia. Scientific affiliation: corporate finance, risk management, behavioural finance. E-mail: gorank@fthm.hrThis study conducts a systematic literature review on the effect of risk management on financial institutions’ efficiency. Using the PRISMA method, we analysed 173 studies published between 1990 and 2023 in journals ranked by Academic Journal Guide, issued by the Chartered Association of Business Schools in 2021. The results reveal that both parametric (Stochastic Frontier Approach) and non-parametric (Data Envelopment Analysis) models are equally utilized in estimating the efficiency of financial institutions. The limitations of these methodologies are discussed, while also indicating a lack of consensus on the classification of variables. Furthermore, the results show that recent studies mainly focus on the effects of mergers and acquisitions activities, regulation, and risk management on the efficiency of banks and insurance companies. Finally, a current trend towards developing composite indices in efficiency estimation is emphasized. Findings from this study will be useful to academics, researchers, financial institution managers, policymakers, and regulators interested in financial institutions’ efficiency.https://www.efri.uniri.hr/upload/1/07-Petrovi%C4%87_et_al-2024-2.pdfefficiencyrisk managementfinancial institutionscomposite indices |
| spellingShingle | Danijel Petrović Goran Karanović Financial institutions efficiency: a systematic literature review Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu efficiency risk management financial institutions composite indices |
| title | Financial institutions efficiency: a systematic literature review |
| title_full | Financial institutions efficiency: a systematic literature review |
| title_fullStr | Financial institutions efficiency: a systematic literature review |
| title_full_unstemmed | Financial institutions efficiency: a systematic literature review |
| title_short | Financial institutions efficiency: a systematic literature review |
| title_sort | financial institutions efficiency a systematic literature review |
| topic | efficiency risk management financial institutions composite indices |
| url | https://www.efri.uniri.hr/upload/1/07-Petrovi%C4%87_et_al-2024-2.pdf |
| work_keys_str_mv | AT danijelpetrovic financialinstitutionsefficiencyasystematicliteraturereview AT gorankaranovic financialinstitutionsefficiencyasystematicliteraturereview |