Financial institutions efficiency : a systematic literature review

Petrović, Danijel; Karanović, Goran

doi:10.18045/zbefri.2024.2.11

Scientific paper - Original scientific paper

Financial institutions efficiency : a systematic literature review

Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 42 (2024), 2; 411-446. https://doi.org/10.18045/zbefri.2024.2.11

Petrović, Danijel; Karanović, Goran

Cite this document

APA 6th Edition

Petrović, D. & Karanović, G. (2024). Financial institutions efficiency : a systematic literature review. Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 42. (2), 411-446. doi: 10.18045/zbefri.2024.2.11

MLA 8th Edition

Petrović, Danijel and Goran Karanović. "Financial institutions efficiency : a systematic literature review." Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, vol. 42, no. 2, 2024, pp. 411-446. https://doi.org/10.18045/zbefri.2024.2.11

Chicago 17th Edition

Petrović, Danijel and Goran Karanović. "Financial institutions efficiency : a systematic literature review." Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu 42, no. 2 (2024): 411-446. https://doi.org/10.18045/zbefri.2024.2.11

Harvard

Petrović, D. and Karanović, G. (2024) 'Financial institutions efficiency : a systematic literature review', Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, 42(2), pp. 411-446. doi: 10.18045/zbefri.2024.2.11

Vancouver

Petrović D, Karanović G. Financial institutions efficiency : a systematic literature review. Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu [Internet]. 2024 [cited 2025 January 10];42(2):411-446. doi: 10.18045/zbefri.2024.2.11

IEEE

D. Petrović and G. Karanović, "Financial institutions efficiency : a systematic literature review", Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu, vol. 42, no. 2, pp. 411-446, 2024. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:191:681683. [Accessed: 10 January 2025]

Cite this item: https://urn.nsk.hr/urn:nbn:hr:191:681683

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Metadata

Title (english)	Financial institutions efficiency : a systematic literature review
Author	Danijel Petrović https://orcid.org/0000-0001-6940-3148
Author	Goran Karanović
Author's institution	University of Pula (Faculty of economics and tourism "Dr. Mijo Mirković")
Author's institution	University of Rijeka Faculty of Tourism and Hospitality Management
Scientific / art field, discipline and subdiscipline	SOCIAL SCIENCES Economics
Abstract (english)	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 nonparametric (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.
Keywords (english)
Language	english
Publication type	Scientific paper - Original scientific paper
Publication status	Published
Peer review	Peer review
Publication version	Published version
Journal title	Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu
Numbering	vol. 42, no. 2, pp. 411-446
p-ISSN	1331-8004
e-ISSN	1846-7520
DOI	https://doi.org/10.18045/zbefri.2024.2.11
URN:NBN	urn:nbn:hr:191:681683
Publication	2024
Document URL	https://hrcak.srce.hr/325019
Type of resource	Text
Access conditions	Open access
Terms of use
Created on	2024-12-31 08:07:01