Showing 1 - 10 of 2,852
In Germany a public discussion on the power of banks has been going on for decades now with the term power having at least two meanings. On the one hand, it denotes the power of banks to control public corporations through direct shareholdings or the exercise of proxy votes this is the power of...
Persistent link: https://www.econbiz.de/10009765356
The analysis highlights the aspects of diversified market structures and of local, low-distance banking as advantageous for financial stability. Heterogeneity protects from uniform market behaviour. Local banking can better overcome the problem of asymmetric information, particular in SME...
Persistent link: https://www.econbiz.de/10012153544
Bank profitability in the USA was extremely high in the pre-crisis period, yet this did not prevent the current crisis …' capital bases. This paper analyses the effects of structure on profitability from 1994 to 2005. Bank-level panel data are used … to test the effects of concentration, market power, bank size and operational efficiency on profitability. Efficiency is …
Persistent link: https://www.econbiz.de/10013152291
I examine the relationship between bank efficiency and market power to test the quiet life hypothesis for a sample of 419 Latin American commercial banks between 1985 and 2010. A two-stage least squares model with instrumental variables controls for the simultaneous relationship between...
Persistent link: https://www.econbiz.de/10010599319
Persistent link: https://www.econbiz.de/10011387176
change in retail concentration. In contrast, we estimate price declines in regions that did not experience a rise in …
Persistent link: https://www.econbiz.de/10011781038
Recent empirical findings by Elsas (2005) and Degryse and Ongena (2007) document a U-shaped effect of market concentration on relationship lending which cannot be easily accommodated by the investment and strategic theories of relationship lending. In this paper, we suggest that this...
Persistent link: https://www.econbiz.de/10003979983
-Rosse model. We estimate Panzar-Rosse model in two ways: via the widely used price-equation that accounts for scale effects and …
Persistent link: https://www.econbiz.de/10012905826
A common assumption in the academic literature is that franchise value plays a key role in limiting bank risk-taking. As market power is the primary source of franchise value, reduced competition in banking markets has been seen as promoting banking stability. We test this hypothesis using data...
Persistent link: https://www.econbiz.de/10013145362
Recent empirical findings by Elsas (2005) and Degryse and Ongena (2007) document a U-shaped effect of market concentration on relationship lending which cannot be easily accommodated by the investment and strategic theories of relationship lending. In this paper, we suggest that this...
Persistent link: https://www.econbiz.de/10013316197