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but one that is rarely comprehensively examined. For 131 countries and 13 years we match bank ownership with over 50 …,000 bank-year estimates of individual bank market power. We find that ownership does not explain market power at the individual … bank level. However, at the country level, foreign bank ownership has a positive and significant impact on market power …
Persistent link: https://www.econbiz.de/10013033620
We develop a novel unified econometric methodology for the formal examination of the market power -- cost efficiency nexus. Our approach can meaningfully accommodate a mutually dependent relationship between the firm's cost efficiency and marker power (as measured by the Lerner index) by...
Persistent link: https://www.econbiz.de/10012922132
-2013. The sample comprises 11,761 bank-year estimates of marginal cost and market power, which are then matched with data on the …
Persistent link: https://www.econbiz.de/10014078160
international subsidiary locations and risk of U.S. bank holding companies (BHCs). We find that U.S. BHCs are more likely to operate …
Persistent link: https://www.econbiz.de/10011623274
supposition that management quality ought to be one of the foremost firm-specific factors likely to drive a bank's aspiration of … higher the level of Xefficiency or managerial quality of a bank the larger the likelihood of becoming a bank with a strong …
Persistent link: https://www.econbiz.de/10011494638
Patterns in cross-border banking have changed since the global financial crisis. This may affect domestic bank market … modes of cross-border banking impact bank concentration. I use a two- country general equilibrium model with heterogeneous … banking sector on bank market structures. The model suggests that both cross-border lending and bank FDI mitigate …
Persistent link: https://www.econbiz.de/10010221763
Recently, massive bank exits have begun to be observed around the world. What is the effect of such bank behavior on … countries. We find that the impact of bank exits on the market power of other banks is non-linear, shaped like a U …-curve. Moreover, we document that the largest increase in market power is when a divested bank accounts for around 10% of market share …
Persistent link: https://www.econbiz.de/10013002519
Patterns in cross-border banking have changed since the global financial crisis. This may affect domestic bank market … modes of cross-border banking impact bank concentration. I use a two- country general equilibrium model with heterogeneous … banking sector on bank market structures. The model suggests that both cross-border lending and bank FDI mitigate …
Persistent link: https://www.econbiz.de/10013059863
addition to general sluggishness, bank deposit rates' reactions are clearly asymmetric: flexible when market rates are …
Persistent link: https://www.econbiz.de/10013153600
This paper analyses the degree of competition among banks and savings banks during the 1992-99 period using two industrial organisation tools: the Panzar and Rosse contrast (1987) and Lerner¿s estimation of indices. Panzar and Rosse¿s contrast does not allow to reject the monopolistic...
Persistent link: https://www.econbiz.de/10005515819