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Table 6 Average operational efficiencies and metafrontier inefficiencies from 2011 to 2020

From: Operational and investment efficiency of investment trust companies: Do foreign firms outperform domestic firms?

Firms

MOE

GOE

OTGR

OTGI

OTI

MOI

Domestic ITCs

      

Capital (CAP)

0.941

0.957

0.983

0.016

0.043

0.059

Cathay (CA)

0.808

0.865

0.941

0.057

0.135

0.192

CTBC (CTBC)

0.663

0.727

0.915

0.065

0.273

0.337

First securities (FS)

0.909

0.940

0.966

0.032

0.060

0.091

Fubon (FB)

0.712

0.720

0.990

0.008

0.280

0.288

Fuh Hwa (FH)

0.750

0.857

0.881

0.107

0.143

0.250

Hua Nan (HN)

0.702

0.723

0.972

0.022

0.277

0.298

Jih Sun (JS)

0.713

0.713

1.000

0.000

0.287

0.287

KGI (KGI)

0.916

0.954

0.961

0.039

0.046

0.084

Mega (MG)

0.966

0.968

0.998

0.002

0.032

0.034

Reliance (RS)

0.903

0.904

0.999

0.001

0.096

0.097

Shin Kong (SK)

0.632

0.638

0.988

0.006

0.362

0.368

Sino Pac (YF)

0.640

0.722

0.905

0.081

0.278

0.360

Tai Shin (TS)

0.808

0.836

0.951

0.029

0.164

0.192

Uni-President (EZ)

0.671

0.671

1.000

0.000

0.329

0.329

Union (UN)

0.941

0.995

0.945

0.055

0.005

0.059

Yuan Ta (YT)

0.971

0.973

0.998

0.002

0.027

0.029

Foreign ITCs

      

Alliance Bernstein (AB)

0.567

0.584

0.965

0.017

0.416

0.433

Allianz (AGI)

0.755

0.878

0.849

0.123

0.122

0.245

Blackrock (BR)

0.473

0.478

0.988

0.005

0.522

0.527

Deutsche Far Eastern (DWS)

0.936

0.990

0.945

0.054

0.010

0.064

Eastspring (ES)

0.626

0.758

0.832

0.132

0.242

0.374

Franklin Templeton (FTH)

0.819

0.906

0.897

0.087

0.094

0.181

HSBC (HSBC)

0.658

0.826

0.795

0.168

0.174

0.342

Invesco (GIN)

0.624

0.695

0.885

0.071

0.305

0.376

JPMorgan (JP)

0.732

0.928

0.797

0.196

0.072

0.268

Manulife (HL)

0.618

0.753

0.818

0.135

0.247

0.382

Mirae Asset (MA)

0.781

0.836

0.939

0.054

0.164

0.219

Nomura (NOM)

0.618

0.732

0.843

0.115

0.268

0.382

Paradigm (HD)

0.572

0.806

0.723

0.234

0.194

0.428

PineBridge (PB)

0.928

0.951

0.973

0.023

0.049

0.072

Prudential Financial, Inc. (PRU)

0.788

0.960

0.821

0.172

0.040

0.212

Schroders (SC)

0.632

0.638

0.988

0.005

0.362

0.368

UBS (UBS)

0.982

0.984

0.998

0.002

0.016

0.018

Average

0.757

0.820

0.925

0.062

0.180

0.243

Average Domestic

0.803

     

Average Foreign

0.712

     
  1. MOE metafrontier operational efficiency, GOE group-specific operational efficiency, OTGR operational technology gap ratio, OTGI operational technology gap inefficiency, OTI operational technical inefficiency, MOI metafrontier operational inefficiency