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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
A growing body of literature indicates that competition increases bank soundness. Applying an industrial organization based approach to large data sets for European and U.S. banks, we offer new empirical evidence that efficiency plays a key role in the transmission from competition to soundness....
Persistent link: https://www.econbiz.de/10011604978
We examine the impact of bank competition on the industrial structure using a city-industry level dataset during 2005-2009 in China. We find that bank competition increases the number of firms per capita and decreases average firm size in industries with higher external financial dependence....
Persistent link: https://www.econbiz.de/10012897641
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
measures of profitability in the sector. They were indicating that the accumulation of assets eats into the incomes of banks in …
Persistent link: https://www.econbiz.de/10012817790
Persistent link: https://www.econbiz.de/10011387176
-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
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
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