Penagos-Londoño, Gabriel Ignacio; Ruiz-Moreno, Felipe - In: Journal of Modelling in Management 14 (2019) 2, pp. 408-429
Purpose: The purpose of this paper is to characterize the situation in the Spanish banking industry through the identification of strategic groups based on a set of variables. Design/methodology/approach: To do so, the authors use a 13-year data set and a time inhomogeneous hidden Markov model...