Esta trabajo intenta conrastar si el paradigma estructura-conducta- desempeño encuentra especificación en el mercado bancario venezolano. Para ello se calcularon los índices de concentración HHI que fungirán como proxy del poder de mercado derivado de la concentración bancaria. Aún así...

Este trabajo expone la necesidad de incorporar a la regulación del sector seguros la posibilidad de apoyos interinstitucionales con el ente antitrust. Se plantea que este fortalecimiento interinstitucional evita los conflictos de naturalezas o filosofías regulatorias contrapuestas. Finalmente...

La entrada del capital extranjero en la banca venezolana ha sido un tema de discusión alrededor de inquietudes sobre el incremento de la competencia y la calidad de los servicios prestados. Para ello este trabajo fundamentó su análisis en la nueva teoría de la organización industrial,...

This paper considers the conditions that are necessary for market discipline to complement prompt corrective action (PCA) by the authorities in handling problem banks. We initially consider precisely what market discipline means in this context, who exercises it and the preconditions that are...

The role of financial institutions and corporate governance in the conduct and performance of industrial firms, especially in the area of technological innovation and international competition has been hotly debated in the recent past. The results presented here are a contribution to the...

Several studies have recommended reliance on subordinated debt as a tool for monitoring banks by investors and for enhancing depositors’ protection. However, subordinated debenture increases the level of leverage and thus the probability of costly failure. We propose a novel financial...

This paper examines the impact of the Internet on financial markets

In this report, we explain and analyze a trading strategy, popularly known as Pairs trading. We begin by explaining what a pair trading strategy entails. Since there are various ways of implementing the strategy, we describe the methodology selected by us in section 3. Thereafter, we look at the...

The article substantiates the hypothesis that the profitability of small firms is above all determined by qualitative variables. In this respect a low standardization of goods and even more importantly, the high significance of governance structures play a crucial role rendering the quality of...