Risk-Adjusted Dynamic Efficiency and Productivity Growth in Emerging Market Banking: Evidence from Vietnam’s Two-Stage Operations

{"This":[0],"study":[1],"examines":[2],"the":[3,46,62,75,101,108],"dynamic":[4],"efficiency":[5,89],"and":[6,25,52,99],"productivity":[7],"trajectories":[8,116],"of":[9,58,65,78,97],"20":[10],"Vietnamese":[11],"listed":[12],"banks":[13],"from":[14,126],"2017":[15],"to":[16,44,130,149],"2023,":[17],"a":[18,30,40],"period":[19],"characterized":[20],"by":[21,93],"significant":[22,85],"regulatory":[23],"shifts":[24],"economic":[26],"volatility.":[27],"We":[28],"develop":[29],"two-stage":[31],"Dynamic":[32],"Network":[33],"Data":[34],"Envelopment":[35],"Analysis":[36],"(DNDEA)":[37],"model":[38],"with":[39],"slacks-based":[41],"measure":[42],"(SBM)":[43],"decompose":[45],"banking":[47],"value":[48],"chain":[49],"into":[50],"resource-generation":[51,94],"income-generation":[53,102],"phases.":[54],"A":[55],"pivotal":[56],"contribution":[57],"this":[59],"research":[60],"is":[61,90],"explicit":[63],"treatment":[64],"non-performing":[66],"loans":[67],"(NPLs)":[68],"as":[69],"undesirable":[70],"carry-over":[71],"variables,":[72],"thereby":[73],"capturing":[74],"intertemporal":[76],"persistence":[77],"credit":[79],"risk.":[80],"Our":[81],"empirical":[82],"results":[83],"reveal":[84],"heterogeneity:":[86],"while":[87],"overall":[88],"primarily":[91],"hindered":[92],"slacks":[95],"(overuse":[96],"labor":[98],"equity),":[100],"phase":[103],"exhibits":[104],"relative":[105],"resilience.":[106],"Utilizing":[107],"Cumulative":[109],"Malmquist":[110],"Productivity":[111],"Index,":[112],"we":[113],"identify":[114],"divergent":[115],"among":[117],"banks,":[118],"distinguishing":[119],"\\"Consistent":[120],"Benchmarks\\"":[121],"that":[122,142],"maintain":[123],"robust":[124],"stability":[125,152],"\\"Volatile\\"":[127],"performers":[128],"sensitive":[129],"macroeconomic":[131],"shocks.":[132],"These":[133],"findings":[134],"offer":[135],"critical":[136],"insights":[137],"for":[138],"macroprudential":[139],"oversight,":[140],"suggesting":[141],"regulators":[143],"must":[144],"monitor":[145],"structural,":[146],"stage-specific":[147],"inefficiencies":[148],"safeguard":[150],"financial":[151],"in":[153],"emerging":[154],"markets.":[155]}