Production efficiency of British building societies |
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Authors: | Kamal Field |
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Affiliation: | University of Manchester , Oxford Road, Manchester , Ml3 9PL , UK |
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Abstract: | The purpose of this paper is to examine the relative efficiency of British building societies and to find out whether efficiency factor is the driving force behind the merging of small building societies. Efficiency indices for societies are derived from a 1981 sample of cross-section data. The results indicate wide disparities in efficiency. These differences are not related to the size of building societies, but apparently to managers' skill and motivation. |
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