Working Paper
Advertising and pricing at multiple-output firms: evidence from U.S. thrift institutions
Ors, Evren; DeYoung, Robert (2004)
We derive five hypotheses regarding market competition, price, and advertising from a theoretical model of a profit maximizing depository institution, and test these conjectures in a simultaneous system of deposit interest rates and advertising expenditures for a data panel of 1,867 thrift institutions that offer 13 different deposit products in 666 local markets in the U.S. between 1994 and 2000. We find some support for each of our hypotheses ? branding, information, Dorfman-Steiner, structure-advertising, and structure-price ? with the strength of the results often depending on the ...
Working Paper Series , Paper WP-04-25

Working Paper
Bank imputed interest rates: unbiased estimates of offered rates?
Rice, Tara N.; Ors, Evren (2006)
We examine whether 'imputed' interest rates obtained from bank financial statements are unbiased estimates of 'offered' interest rates that the same banks report in surveys. We find evidence of a statistically significant amount of bias. However, the statistical bias that we document does not appear to be economically significant. When used as dependent variables in regression analysis, imputed rates and offered rates lead to the same policy conclusions. Our work has important methodological implications for empirical research that examines the product market competition among depository ...
Working Paper Series , Paper WP-06-26

Working Paper
Local market consolidation and bank productive efficiency
Ors, Evren; Evanoff, Douglas D. (2002)
The recent banking literature has evaluated the impact of mergers on the efficiency of the merging parties [e.g., Rhoades (1993), Shaffer (1993), Fixler and Zieschang (1993)]. Similarly, there has been analysis of the impact of eliminating bank entry restrictions on the average performance of banks [Jayaratne and Strahan (1998)]. The evidence suggests that acquiring banks are typically more efficient than are acquired banks, resulting in the potential for the new combined organization to be more efficient and, therefore, for the merger to be welfare enhancing. The evidence also suggests, ...
Working Paper Series , Paper WP-02-25

Conference Paper
The role of advertising in commercial banking
Ors, Evren (2003)
Proceedings , Paper 850

Conference Paper
Banking industry consolidation and productive efficient
Ors, Evren; Evanoff, Douglas D. (2001)
Proceedings , Paper 723