Have a personal or library account? Click to login
Banking Competition and Efficiency: Empirical Analysis on the Bosnia and Herzegovina Using Panzar-Rosse Model Cover

Banking Competition and Efficiency: Empirical Analysis on the Bosnia and Herzegovina Using Panzar-Rosse Model

By: Deni Memić  
Open Access
|May 2015

References

  1. 1. Abdul Majid, M. Z., Sufian, F. (2007), “Market Structure and Competition in Emerging Market: Evidence from Malaysian Islamic Banking Industry”, MPRA Paper, available at: http://mpra.ub.uni-muenchen.de/12126/1/ / (June 12, 2014).
  2. 2. Al-Muharrami, S. (2009a), “Analysis of competitiveness in Qatar banking industry”, International Journal of Business Innovation and Research, Vol. 3 No. 2, pp. 168-181.10.1504/IJBIR.2009.022753
  3. 3. Al-Muharrami, S. (2009b), “The competition and market structure in the Saudi Arabia banking”, Journal of Economic Studies, Vol. 36 No. 5, pp. 446-46010.1108/01443580910992375
  4. 4. Al-Muharrami, S., Matthews, K., Khabari, Y. (2006), “Market structure and competitive conditions in the Arab GCC banking system”, Vol. 30 No. 12, pp. 3487-3501.10.1016/j.jbankfin.2006.01.006
  5. 5. Anzoategui, D., Martinez, P. M. S., Rocha, R. R. (2010), “Bank Competition in the Middle East and Northern Africa Region”, Review of Middle East Economics and Finance, Vol. 6 No. 2, pp. 26-48.10.2202/1475-3693.1313
  6. 6. Anzoategui, D., Pería, M. S. M., Melecky, M. (2012), “Bank competition in Russia: An examination at different levels of aggregation”, Emerging Markets Review, Vol. 13 No. 1, pp. 42-57.10.1016/j.ememar.2011.09.004
  7. 7. Bain, J. S. (1956), “Barriers to new competition: their character and consequences in manufacturing industries”, Cambridge, MA: Harvard University Press.10.4159/harvard.9780674188037
  8. 8. Bikker, J. A., Groeneveld, J. M. (1998), “Competition and Concentration in the EU Banking Industry”, Research Series Supervision, Netherlands Central Bank, Directorate Supervision.
  9. 9. Bikker, J. A., Haaf, K. (2002), “Competition, concentration and their relationship: An empirical analysis of the banking industry”, Journal of Banking & Finance, Vol. 26. No. 11, pp. 2191-2214.10.1016/S0378-4266(02)00205-4
  10. 10. Bikker, J. A., Shaffer, S., Spierdijk, L. (2009), “Assessing competition with the Panzar- Rosse model: the role of scale, costs, and equilibrium”, Review of Economic and Statistics, Vol. 94, No. 4, pp. 1025-1044.10.1162/REST_a_00210
  11. 11. Brämer, P., Gischer, H., Richter, T., Weiß, M. (2013), “Competition in banks’ lending business and its interference with ECB monetary policy”, Journal of International Financial Markets, Institutions and Money, Vol. 25, pp. 144-162.10.1016/j.intfin.2013.01.009
  12. 12. Carbó, S., Humphrey, D., Maudos, J., Molyneux, P. (2009), “Cross-country comparisons of competition and pricing power in European banking”, Vol. 28. No. 1, pp. 115-134.10.1016/j.jimonfin.2008.06.005
  13. 13. Chen, S.-H., Liao, C.-C. (2011), “Are foreign banks more profitable than domestic banks? Home- and host-country effects of banking market structure, governance, and supervision”, Journal of Banking & Finance, Vol. 35. No. 4, pp. 819-839.10.1016/j.jbankfin.2010.11.006
  14. 14. Coccorese, P. (2002), “Competition Among Dominant Firms in Concentrated Markets: Evidence from the Italian Banking Industry”, Working Paper No. 89. Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
  15. 15. Coccorese, P. (2004), “Banking competition and macroeconomic conditions: a disaggregate analysis”, Journal of International Financial Markets, Institutions and Money, Vol. 14. No. 3, pp. 203-219.10.1016/j.intfin.2003.07.001
  16. 16. Coccorese, P. (2005), “Competition in markets with dominant firms: A note on the evidence from the Italian banking industry”, Journal of Banking & Finance, Vol. 29. No. 5, pp. 1083-1093.10.1016/j.jbankfin.2004.05.034
  17. 17. Coccorese, P. (2008a), “An investigation on the causal relationships between banking concentration and economic growth, International Review of Financial Analysis”, Vol. 17. No. 3, pp. 557-570.10.1016/j.irfa.2006.11.002
  18. 18. Coccorese, P. (2008b), “Bank competition and regional differences”, Economics Letters, Vol. 101 No. 1, pp. 13-16.10.1016/j.econlet.2008.03.019
  19. 19. Coccorese, P. (2009), “Market power in local banking monopolies”, Journal of Banking & Finance, Vol. 33. No. 7, pp. 1196-1210.10.1016/j.jbankfin.2008.12.013
  20. 20. Coccorese, P. (2013), “Assessing the competitive conditions in the Italian banking system: some empirical evidence”, PSL Quarterly Review, Vol. 51. No. 205, pp. 171-191.
  21. 21. Coccorese, P., Pellecchia, A. (2013), “Multimarket contact, competition and pricing in banking”, Journal of International Money and Finance, Vol. 37, pp. 187-214.10.1016/j.jimonfin.2013.06.010
  22. 22. Dahl, D., Shrieves, R. E. (1999), “The extension of international credit by US banks: a disaggregated analysis 1988-1994”, Journal of International Money and Finance, Vol. 18. No. 1, pp. 153-167.10.1016/S0261-5606(98)00049-7
  23. 23. Delis, M. D. (2010), “Competitive conditions in the Central and Eastern European banking systems”, Omega, Vol. 38. No. 5, pp. 268-274.10.1016/j.omega.2008.09.002
  24. 24. Delis, M. D., Staikouras, K. C., Varlagas, P. T. (2008), “On the Measurement of Market Power in the Banking Industry”, Journal of Business Finance & Accounting, Vol. 35. No. 7, pp. 1023-1047.10.1111/j.1468-5957.2008.02098.x
  25. 25. Fosu, S. (2013), “Banking competition in Africa: Subregional comparative studies”, Emerging Markets Review, Vol. 15, pp. 233-254.10.1016/j.ememar.2013.02.001
  26. 26. Hondroyiannis, G., Lolos, S., Papapetrou, E. (1999), “Assessing competitive conditions in the Greek banking system”, Journal of International Financial Markets, Institutions and Money, Vol. 9. No. 4, pp. 377-391.10.1016/S1042-4431(99)00017-7
  27. 27. Gischer, H., Stiele, M. (2009), “Competition Tests with a Non-Structural Model: the Panzar-Rosse Method Applied to Germany’s Savings Banks”, German Economic Review, Vol. 10. No. 1, pp. 50-70.10.1111/j.1468-0475.2008.00441.x
  28. 28. Goddard, J., Wilson, J. O. S. (2009), “Competition in banking: A disequilibrium approach”, Journal of Banking & Finance, Vol. 33. No. 12, pp. 2282-2292.10.1016/j.jbankfin.2009.06.003
  29. 29. Günalp, B., Çelik, T. (2006), “Competition in the Turkish banking industry”, Applied Economics,Vol. 38. No. 11, pp. 1335-1342.10.1080/00036840500405656
  30. 30. Hondroyiannis, G., Lolos, S., Papapetrou, E. (1999b), “Assessing competitive conditions in the Greek banking system”, Journal of International Financial Markets, Institutions and Money, Vol. 9. No. 4, pp. 377-391.10.1016/S1042-4431(99)00017-7
  31. 31. Kasman, A. (2010), “Consolidation and Competition in the Banking Industries of the EU Member and Candidate Countries”, Emerging Markets Finance and Trade, Vol. 46. No. 6, pp. 121-139.10.2753/REE1540-496X460608
  32. 32. Klein, M. A. (1971), “A Theory of the Banking Firm”, Journal of Money, Credit and Banking, Vol. 3. No. 2, pp. 205.
  33. 33. Lerner, A. P. (1934), “The Concept of Monopoly and the Measurement of Monopoly Power”, The Review of Economic Studies, Vol. 1. No. 3, pp. 157-175.10.2307/2967512
  34. 34. Liu, H., Molyneux, P., Nguyen, L. H. (2012), “Competition and risk in South East Asian commercial banking”, Applied Economics, Vol. 44. No. 28, pp. 3627-3644.10.1080/00036846.2011.579066
  35. 35. Liu, H., Molyneux, P., Wilson, J. O. S. (2013), “Competition and Stability in European Banking: A Regional Analysis”, The Manchester School, Vol. 81. No. 2, pp. 176-201.10.1111/j.1467-9957.2011.02285.x
  36. 36. Lloyd-Williams, D. M., Molyneux, P., Thornton, J. (1994), “Market structure and performance in Spanish banking”, Journal of Banking & Finance, Vol. 18. No. 3, pp. 433-443.10.1016/0378-4266(94)90002-7
  37. 37. Majid, M. Z. A., Sufian, F. (2006), “Consolidation and Competition in Emerging Market: An Empirical Test for Malaysian Banking Industry”, Economic Change and Restructuring, Vol. 39 No. 1-2, pp. 105-124.
  38. 38. Mamatzakis, E., Staikouras, C., Koutsomanoli-Fillipaki, N. (2005), “Competition and concentration in the banking sector of the South Eastern European region”, Emerging Markets Review, Vol. 6. No. 2, pp. 192-209.10.1016/j.ememar.2005.03.003
  39. 39. Masood, O., Sergi, B. S. (2011a), “China’s banking system, market structure, and competitive conditions”, Frontiers of Economics in China, Vol. 6. No. 1, pp. 22-35.10.1007/s11459-011-0120-x
  40. 40. Matthews, K., Murinde, V., Zhao, T. (2007), “Competitive conditions among the major British banks”, Journal of Banking & Finance, Vol. 31. No. 7, pp. 2025-2042.10.1016/j.jbankfin.2006.11.009
  41. 41. Maudos, J., Solís, L. (2009), “The determinants of net interest income in the Mexican banking system: An integrated model”, Journal of Banking & Finance, Vol. 33. No. 10, pp. 1920-1931.10.1016/j.jbankfin.2009.04.012
  42. 42. Memić, D., Škaljić-Memić, S. (2013), “Performance Analysis and Benchmarking of Commercial Banks Operating in Bosnia and Herzegovina: a DEA Approach”, Business Systems Research, Vol. 4. No. 2, pp. 17-37.10.2478/bsrj-2013-0010
  43. 43. Mishkin, F.S. (2013). The Economics of Money, Banking and Financial Institutions, Pearson.
  44. 44. Molyneux, P., Forbes, W. (1995), “Market structure and performance in European banking”, Applied Economics, Vol. 27. No. 2, pp. 155-159.10.1080/00036849500000018
  45. 45. Molyneux, P., Lloyd-Williams, D. M., Thornton, J. (1994), “Competitive conditions in european banking”, Journal of Banking & Finance, Vol. 18. No. 3, pp. 445-459.10.1016/0378-4266(94)90003-5
  46. 46. Molyneux, P., Thornton, J., Michael Llyod-Williams, D. (1996), “Competition and market contestability in Japanese commercial banking”, Journal of Economics and Business, Vol. 48. No. 1, pp. 33-45.10.1016/0148-6195(95)00047-X
  47. 47. Nathan, A., Neave, E. H. (1989), “Competition and Contestability in Canada’s Financial System: Empirical Results”, Canadian Journal of Economics, Vol. 22. No. 3, pp. 576-94.10.2307/135541
  48. 48. Panzar, J. C., Rosse, J. N. (1982). Structure, Conduct, and Comparative Statistics. Bell Telephone Laboratories, Incorporated.
  49. 49. Panzar, J. C., Rosse, J. N. (1987), “Testing For “Monopoly” Equilibrium”, The Journal of Industrial Economics, Vol. 35. No. 4, pp. 443.
  50. 50. Pawłowska, M. (2011), “Competition in the Polish Banking Market Prior to Recent Crisis for the Period 1997-2007 - Empirical Results Obtained with the Use of Three Different Models”, Bank i Kredyt, Vol. 42. No. 5, pp. 5-40.
  51. 51. Pruteanu-Podpiera, A., Weill, L., Schobert, F. (2008), “Banking Competition and Efficiency: A Micro-Data Analysis on the Czech Banking Industry”, Comparative Economic Studies, Vol. 50. No. 2, pp. 253-273.10.1057/palgrave.ces.8100248
  52. 52. Rezitis, A. N. (2010), “Evaluating the state of competition of the Greek banking industry”, Journal of International Financial Markets, Institutions and Money, Vol. 20. No. 1, pp. 68-90.10.1016/j.intfin.2009.10.001
  53. 53. Rhoades, S. A. (1993), “Herfindahl-Hirschman Index”, The Federal Reserve Bulletin, Vol. 79, pp. 188-189
  54. 54. Ritter, L.S., Silber, W.L., Udell, G.F. (2014). Principles of Money, Banking & Financial Markets, Pearson.
  55. 55. de Rozas, L. G. (2007), “Testing for competition in the Spanish banking industry: The Panzar-Rosse approach revisited”, Banco de España Research Paper No. WP-0726. Banco de España.
  56. 56. Sanyal, P., Shankar, R. (2011), “Ownership, competition, and bank productivity: An analysis of Indian banking in the post-reform period”, International Review of Economics & Finance, Vol. 20. No. 2, pp. 225-247.10.1016/j.iref.2010.05.002
  57. 57. Shaffer, S. (1989), “Competition in the U.S. banking industry”, Economics Letters, Vol. 29. No. 4, pp. 321-323.10.1016/0165-1765(89)90210-3
  58. 58. Shaffer, S. (1993), “A Test of Competition in Canadian Banking”, Journal of Money, Credit and Banking, Vol. 25. No. 1, pp. 49.
  59. 59. Shaffer, S., DiSalvo, J. (1994), 2Conduct in a banking duopoly”, Journal of Banking & Finance, Vol. 18. No. 6, pp. 1063-1082.
  60. 60. Slovin, M. B., Sushka, M. E., Polonchek, J. A. (1999), “An analysis of contagion and competitive effects at commercial banks”, Journal of Financial Economics, Vol. 54. No. 2, pp. 197-225.10.1016/S0304-405X(99)00036-7
  61. 61. Staikouras, C. K., Koutsomanoli-Fillipaki, A. (2006), “Competition and Concentration in the New European Banking Landscape”, European Financial Management, Vol. 12. No. 3, pp. 443-482.10.1111/j.1354-7798.2006.00327.x
  62. 62. Tabak, B. M., Fazio, D. M., Cajueiro, D. O. (2012), “The relationship between banking market competition and risk-taking: Do size and capitalization matter?”, Journal of Banking & Finance, Vol. 36. No. 12, pp. 3366-3381.10.1016/j.jbankfin.2012.07.022
  63. 63. Trivieri, F. (2007), “Does cross-ownership affect competition?: Evidence from the Italian banking industry”, Journal of International Financial Markets, Institutions and Money Vol. 17 No. 1, pp. 79-101.10.1016/j.intfin.2005.09.001
  64. 64. Yanelle, M.-O. (1997), “Banking Competition and Market Efficiency”, The Review of Economic Studies, Vol. 64. No. 2, pp. 215-239.10.2307/2971710
  65. 65. Yildirim, H. S., Philippatos, G. C. (2007a), “Restructuring, consolidation and competition in Latin American banking markets”, Journal of Banking & Finance, Vol. 31. No. 3, pp. 629-639.10.1016/j.jbankfin.2006.06.008
  66. 66. Yildirim, H. S., Philippatos, G. C. (2007b), “Efficiency of Banks: Recent Evidence from the Transition Economies of Europe, 1993-2000”, The European Journal of Finance, Vol. 13. No. 2, pp. 123-143. 10.1080/13518470600763687
DOI: https://doi.org/10.1515/bsrj-2015-0005 | Journal eISSN: 1847-9375 | Journal ISSN: 1847-8344
Language: English
Page range: 72 - 92
Submitted on: Jul 26, 2014
Accepted on: Feb 15, 2015
Published on: May 9, 2015
Published by: IRENET - Society for Advancing Innovation and Research in Economy
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2015 Deni Memić, published by IRENET - Society for Advancing Innovation and Research in Economy
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.