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Cost Efficiency, Environmental Influences and UK Credit Unions, 1991 to 2001.

McKillop, Donal G., Glass, J. Colin and Ward, Anne Marie (2005) Cost Efficiency, Environmental Influences and UK Credit Unions, 1991 to 2001. Managerial Finance, 31 (11). pp. 72-86. [Journal article]

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DOI: 10.1108/03074350510769974


This study uses a stochastic frontier analysis to evaluate the relative performance of UK credit unions over the period 1991 to 2001. The analysis found that UK credit un ions are subject to high levels of [gross] in ef ficiency. The analysis also revealed that the environment within which in di vid ual credit un ions operate plays a critical role in the relative efficiency of credit unions. In terms of direction of influence, the analysis of environmental effects highlighted [main insights] that larger credit unions are more cost efficient as are credit unions which do not draw their member ship exclusively from areas of high deprivation. These directional influences were viewed as offering some encouragement to the thrust of the Financial Services Authority’s new policy regime for credit unions which may well result in a smaller number of larger credit unions each with a more varied membership mix.

Item Type:Journal article
Keywords:Credit Unions Stochastic Frontier Deprivation.
Faculties and Schools:Ulster Business School
Ulster Business School > Department of Accounting, Finance and Economics
Research Institutes and Groups:Business and Management Research Institute
ID Code:9845
Deposited By: Professor Anne-Marie Ward
Deposited On:28 Jan 2010 15:11
Last Modified:13 May 2011 08:30

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