Risk-Adjusted Dynamic Efficiency and Productivity Growth in Emerging Market Banking: Evidence from Vietnam’s Two-Stage Operations
This study examines the dynamic efficiency and productivity trajectories of 20 Vietnamese listed banks from 2017 to 2023, a period characterized by significant regulatory shifts and economic volatility. We develop a two-stage Dynamic Network Data Envelopment Analysis (DNDEA) model with a slacks-based measure (SBM) to d...