Slack-based directional distance function in the presence of bad outputs: theory and application to Vietnamese banking |
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Authors: | Manh D. Pham Valentin Zelenyuk |
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Affiliation: | 1.School of Economics,The University of Queensland,Brisbane,Australia;2.School of Economics and Centre for Efficiency and Productivity Analysis,The University of Queensland,Brisbane,Australia |
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Abstract: | In this paper we extend the slack-based directional distance function introduced by Färe and Grosskopf (Eur J Oper Res 200(1):320–322, 2010) to measure efficiency in the presence of bad outputs and illustrate it through an application on data of Vietnamese commercial banks. We also compare results from the slack-based directional distance function relative to the directional distance function, the enhanced hyperbolic efficiency measure (Färe et al. in Rev Econ Stat 71(1):90–98, 1989) and the Farrell-type technical efficiency and confirm that it has greater discriminative power. |
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