Diversification Essay

5159 Words Aug 27th, 2013 21 Pages
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Journal of Transnational Management
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Diversification, Strategy, and Stability of Lebanese Banks: A Non-Parametric DEA Approach
Rock-Antoine Mehanna & Youssef Yazbeck a b a b

Sagesse University, Furn el Shebak, Lebanon

Saint Joseph University, Beirut, Lebanon Published online: 14 Jun 2012.

To cite this article: Rock-Antoine Mehanna & Youssef Yazbeck
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Journal of Transnational Management, 17:155–166, 2012 Copyright # Taylor & Francis Group, LLC ISSN: 1547-5778 print=1547-5786 online DOI: 10.1080/15475778.2012.676939

Diversification, Strategy, and Stability of Lebanese Banks: A Non-Parametric DEA Approach
ROCK-ANTOINE MEHANNA
Sagesse University, Furn el Shebak, Lebanon

Downloaded by [University of Glasgow] at 08:28 06 August 2013

YOUSSEF YAZBECK
Saint Joseph University, Beirut, Lebanon

This article estimates the efficiency of the Lebanese banking sector within the Middle East and North Africa (MENA) region through examining the diversification efforts, the macro-financial environment, and the strategy and operations of Lebanese banks. Unlike previous works that address the banking sector in the traditional context of the input-output efficiency models (see Ben Naceur, Ben-Khedhiri, & Casu, 2011; Staub, Souza, & Tabak, 2010; Grigorian & Manole, 2005; Bonin, Hasan, & Wachtel, 2005; and Yeh, 1996), this study employs the DEA approach in a modified manner by using a tripod of input variables that capture the micro, as well as the macro effects comprising policy, industry, management, and product line issues. DEA results reveal

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