Our chapter surveys the literature on why market prices may provide distorted signals, ie,
diverge from socially efficient prices. There are a number of reasons for this to occur, such as …

This study estimates the shadow price of equity capital applying a directional distance
function for Chinese commercial banks. Using an unbalanced panel of 746 observations …

The vector autoregressive (VAR) model has been popularly employed in operational
practice to study multivariate time series. Despite its usefulness in providing associated …

A number of recent studies have modeled risk in banking by incorporating undesirable
outputs such as non-performing loans into the banking production technology. However …

This paper employs the generalized autoregressive score (GAS) models to study the long
memory and regime switching in the second comment. Via systematically constructed …

In this study, we extend the zero-drift generalized autoregressive conditional
heteroskedasticity (GARCH) model to incorporate the well-known asymmetric effects of …

This paper estimates the shadow price of equity for US commercial banks over 2001–2018
using nonparametric local-linear estimators of the underlying cost frontier and tests the …

Purpose The purpose of this paper is to analyze the network path and internal mechanism of
risks' cross-contagion between shadow banks and design strategies for preventing risk …

An effective corporate governance system is vital in modern-day economics and firms. It can
help to specify the distribution of roles, responsibilities, and resources among various …

This paper examines how non-performing loans (NPLs) affect Chinese commercial banks
before, during, and after the 2008 global financial crisis as well as the subsequent 2008 …