Have a personal or library account? Click to login
Measuring Concentration and Efficiency in Bosnia and Herzegovina Banking Sector using Dynamic Panel Model Cover

Measuring Concentration and Efficiency in Bosnia and Herzegovina Banking Sector using Dynamic Panel Model

Open Access
|Jun 2022

References

  1. Allen, F. and Gale, D. 2000. Financial contagion. Journal of Political Economy 108 (1): 1-33. https://doi.org/10.1086/262109
  2. Agencija za bankarstvo Federacije Bosne i Hercegovine. 2015. Informacija o bankarskom sistemu Federacije BiH, Sarajevo.
  3. Amel, D. and Froeb, L. 1991. Do Firms Differ Much? Journal of Industrial Economics 39 (3): 323–329. https://doi.org/10.2307/2098523
  4. Ahamed, M. 2012. Market Structure and Performance of-Bangladesh Banking Industry: A Panel Data Analysis. Bangladesh Development Studies 35 (3): 1-18. https://doi.org/10.1016/j.asieco.2007.12.007
  5. Aysana, A.F. and Ceyhan, A.P. 2008. What determines the banking sector performance in globalized financial markets? The case of Turkey. Physica A 387 (7): 1593–1602. https://doi.org/10.1016/j.physa.2007.11.003
  6. Apergis, N. 2009. Bank profitability over different business cycles regimes: evidence from panel threshold models. Banks and Bank Systems 3: https://doi.org/10.2139/ssrn.992654
  7. Arellano, M. and Bond, S.R. 1991. Some Test of Specification for Panel Data: Monte Carlo Evidence and Applications to Employment Equations. Review of Economic Studies 58 (2): 277-297. https://doi.org/10.2307/2297968
  8. Agencija za bankarstvo Republike Srpske. 2015. Izvještaj o stanju u bankarskom sistemu Republike Srpske, Banja Luka.
  9. Athanasoglou, P., Brissimis, S. and Delis, M. 2008. Bank-specific, industry-specific and macroeconomic determinants of bank profitability. Journal of International Financial Markets, Institutions and Money 18 (2): 121–136.10.1016/j.intfin.2006.07.001
  10. Bourke, P. 1989. Concentration and other determinants of bank profitability in Europe, North America and Australia. Journal of Banking and Finance13: 65–79. https://doi.org/10.1016/0378-4266(89)90020-4
  11. Bain, J.S. 1951. Relation of Profit Rate to Industry Concentration. Quarterly Journal of Economics 65: 297–324. https://doi.org/10.2307/1882581
  12. Bond, S.R. 2002. Dynamic Panel Data Models: A Guide to Micro Data Methods and Practice. Portuguese Economic Journal 1 (2): 141-162. https://doi.org/10.1007/s10258-002-0009-9
  13. Boyd J., De Nicolo G. and Jalal A.M. 2006. Bank risk taking and competition revisited: New Theory and New Evidence, IMF Working paper. Washington WP/06/ 2006 (297): 1-49. https://doi.org/10.5089/9781451865578.001
  14. Bojat, M. and Rebić, M. 2020. Degree of Concentration of the Banking Sector in B&H and the Impact on the Prices of Banking Products, Economic Themes 58 (2): 219-234. https://doi.10.2478/ethemes-2020-001310.2478/ethemes-2020-0013
  15. Berger, A.N. 1995. The profit-structure relationship in banking-tests of market power and efficient-structure hypotheses. Journal of Money, Credit and Banking 27 (2): 404-430. https://doi.org/10.2307/2077876
  16. Ben Khediri, K. and Ben-Khedhiri, H. 2009. Determinants of Islamic bank profitability in the MENA region. Int. J. Monetary Economics and Finance 2 (3/4): 409–426. https://doi.org/10.1504/ijmef.2009.029072
  17. Brozen, Y. 1982. Concentration, Mergers and Public Policy. New York: Macmillan. https://doi.org/10.1002/mde.4090050215
  18. Brissimis, S.N., Delis, M.D. and Papanikolaou, N.I. 2008. Exploring the nexus between banking sector reform and performance: evidence from newly acceded EU countries. Journal of banking and Finance 32 (12): 2674–2683. https://doi.org/10.1016/j.jbankfin.2008.07.002
  19. Chirwa, E.W. 2003. Determinants of commercial banks’ profitability in Malawi: a cointegration approach. Applied Financial Economics 13: 565–571. https://doi.org/10.1080/0960310022000020933
  20. Calkins, S. 1983. The New Merger Guidelines and the Herfindahl-Hirschman Index. California Law Review 71 (2): 402-429.https://doi.org/10.2307/3480160
  21. Centralna Banka Bosne i Hercegovine. 2016. Izvještaj o finansijskoj stabilnosti, Sarajevo. ISSN 1840-4103.
  22. Chen, T. and Yeh, T. 1998. A study of efficiency evaluation in Taiwan’s banks, International Journal of Service Industry Management 9 (5): 402-415. https://doi.org/10.1108/09564239810238820
  23. Chortareas, G.E., Garza-Garcia, J.G. and Girardone, C. 2011. Banking Sector Performance in Latin America: Market Power versus Efficiency. Review of Development Economics 15 (2): 307-325. https://doi.org/10.1111/j.1467-9361.2011.00610.x
  24. Casu, B. and Girardone, C. 2006. Bank Competition, Concentration and Efficiency in the Single European Market. The Manchester School 74 (4): 441-468. https://doi.org/10.1111/j.1467-9957.2006.00503.x
  25. Evanoff, D.D. and Fortier D.L. 1988. Re-evaluation of the Structure-Conduct-Performance Paradigm in Banking. Journal of Financial Services Research 1: 277-294. https://doi.org/10.1007/bf00114854
  26. Gilbert, R. 1984. Bank market structure and competition – a survey. Journal of Money Credit and Banking 16: 617-645. https://doi.org/10.2307/1992096
  27. García-Herrero, A., Gavilá, S. and Santabárbara, D. 2009. What explains the low profitability of Chinese banks?. Journal of Banking and Finance 33 (11): 2080–2092. https://doi.org/10.1016/j.jbankfin.2009.05.005
  28. García-Herrero, A. and Vázquez F. 2013. International diversification gains and home bias in banking. Journal of Banking & Finance 37: 2560–2571. https://doi.org/10.1016/j.jbankfin.2013.02.024
  29. Golin, J. 2001. The Bank Credit Analysis Handbook: A Guide for Analysts. Bankers and Investors. John Wiley&Sons, Asia.
  30. Goddard, J., Molyneux, P. and Wilson, J. 2004. The profitability of European Banks: a cross sectional and dynamic panel analysis. Manchester School 72 (3): 363–381. https://doi.org/10.1111/j.1467-9957.2004.00397.
  31. Heffernana, S. A. and Fu, X. 2010. Determinants of financial performance in Chinese banking. Applied Financial Economics 20: 1585–1600. https://doi.org/10.1080/09603107.2010.505553
  32. Heggestad, A. A. and Mingo, J.J. 1977. The competitive condition of US banking markets and the impact of structural reform. Journal of Finance 32: 649-61. https://doi.org/10.2307/2326303
  33. Demsetz, H. 1973. Industry structure, market rivalry, and public policy. Journal of Law and Economics 16: 1-9. https://doi.org/10.1086/466752
  34. Dietrich, A. and Wanzenried, G. 2010. Determinants of bank profitability before and during the crisis: Evidence from Switzerland. Journal of International Financial Markets, Institutions&Money 21: 307-321. https://doi.org/10.1016/j.intfin.2010.11.002
  35. Demirguc-Kunt A. and Huizinga H. 1999. Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence. The World Bank Economic Review 13 (2): 379-408. https://doi.org/10.1093/wber/13.2.379
  36. Karimzadeh, M., Akhtar, S.M.J. and Karimzadeh B. 2013. Determinants of Profitability of Banking Sector in India. Transition Studies Review 20: 211–219. https://doi.org/10.1007/s11300-013-0284-4
  37. Kosmidou, K. 2008. The determinants of banks’profits in Greece during the period of EU financial integration. Managerial Finance 34 (3): 146-159. https://doi.org/10.1016/s0378-4266(99)00120-x
  38. Koskela, E. and Stenbecka, R. 2000. Is there a trade-off between bank competition and financial fragility?. Journal of Banking and Finance 24 (12): 1853-1873. https://doi.org/10.1016/s0378-4266(99)00120-x
  39. Krivačić, D., Smederevac, S. and Vujinović, V. 2012. Profitabilnost banaka u uvjetima gospodarske krize – analiza banaka u Hrvatskoj. Zbornik veleučilišta u Karlovcu2 (1): 145-155.
  40. Lambson, Val E. 1987. Is the Concentration-Profit Correlation Partly an Artifact of Lumpy Technology?. American Economic Review 77: 731-733.
  41. Levine, R. 1997. Financial Development and Economic Growth. Journal of Economic Literature 35 (2): 688-726.
  42. Llewellyn, D.T. 2005. Competition and Profitability in European Banking: Why Are British Banks So Profitable? Economic Notes by Banca Monte dei Paschi di Siena 34 (3): 279–311. https://doi.org/10.1111/j.0391-5026.2005.00152.x
  43. Leibenstein, H. 1966. Allocative efficiency vs. X-effciency. American Economic Review 56: 392-415.
  44. Liua, H. and Wilson, J.O.S. 2010. The profitability of banks in Japan. Applied Financial Economics 20: 1851–1866. https://doi.org/10.1080/09603107.2010.526577
  45. Ljubaj, I. 2005. Indeksi koncentracije bankarskog sektora u Hrvatskoj. Pregledi Hrvatske narodne banke 21: 5-42.
  46. Molyneux, P. and Thornton, J. 1992. Determinants of European bank profitability: a note. Journal of Banking and Finance 16: 1173–1178. https://doi.org/10.1016/0378-4266(92)90065-8
  47. Molyneux, P. and Forbes W. 1995. Market structure and performance in European banking. Applied Economics 27: 155-159. https://doi.org/10.1080/00036849500000018
  48. Micco, A., Panizza, U. and Yanez, M. 2007. Bank ownership and performance. Does politics matter?. Journal of Banking and Finance 31 (1): 219–241. https://doi.org/10.1016/j.jbankfin.2006.02.007
  49. Mason, S.E. 1939. Price and Production Policies of Large-Scale Enterprise. American Economic Review 29 (1): 61-74.
  50. Neely, M. and Wheelock, D. 1997. Why does bank performance vary across states?. Federal Reserve Bank of St Louis Reviews 3/4: 27–38. https://doi.org/10.20955/r.79.27-40
  51. Naceur, S. and Goaied, M. 2008. The determinants of commercial bank interest margin and profitability: evidence from Tunisia. Frontiers in Finance and Economics 5 (1): 106–130. https://doi.org/10.2139/ssrn.856365
  52. Pasiouras, F. and Kosmidou, K. 2007. Factors influencing the profitability of domestic and foreign commercial banks in the European Union. Research in International Business and Finance 21 (2): 222–237. https://doi.org/10.1016/j.ribaf.2006.03.007
  53. Peltzman, S. 1977. The Gains and Losses from Industrial Concentration.Journal of Law and Economics 20: 229-263. https://doi.org/10.1086/466902
  54. Perry, P. 1992. Do banks gain or lose from inflation. Journal of Retail Banking 14 (2): 25-30.
  55. Rhoades, S.A. and Roger D.R. 1981. A re-examination and extension of the relationship between concentration and firm rank stability. The Review of Economics and Statistics 63 (3): 446-451. https://doi.org/10.2307/1924365
  56. Revell, J. 1979. Inflation and Financial Institutions. London: Financial Times.
  57. Raiffeisen Bank International. 2017. CEE Banking Sector Report, Vienna.
  58. Staikouras, C. and Wood, G. 2004. The determinants of European bank profitability. International Business and Economics Research Journal 3 (6): 57–68. https://doi.org/10.19030/iber.v3i6.3699
  59. Smirlock, M. 1985. Evidence on the (non) relationship between concentration and profitability in banking. Journal of Money, Credit, and Banking 17 (1): 69–83. https://doi.org/10.2307/1992507
  60. Smolo, E. and Mirakhor, A. 2010. The global financial crisis and its implications for the Islamic financial industry. International Journal of Islamic and Middle Eastern Finance 3 (4): 372-385. http://dx.doi.org/10.1108/1753839101109330610.1108/17538391011093306
  61. Short, B. 1979. The relation between commercial bank profit rates and banking concentration in Canada, Western Europe and Japan. Journal of Banking and Finance 3 (3): 209–219. https://doi.org/10.1016/0378-4266(79)90016-5
  62. Schaeck, K., Cihak, M. and Wolfe, S. 2006. Are more competitive banking systems more stable? Unpublished Working Paper 143. Washington, D.C: IMF. https://doi.org/10.5089/9781451864038.001
  63. Sufian, F. and Habibulah, S. M. 2009. Bank specific and macroeconomic determinants of bank profitability: Empirical evidence from the China banking sector. Frontiers of Economics in China 4 (2): 274–291. https://doi.org/10.1007/s11459-009-0016-1
  64. Tan, Y. and Floros, C. 2012.Bank profitability and GDP growth in China: a note. Journal of Chinese Economic and Business Studies 10 (3): 267–273. https://doi.org/10.1080/14765284.2012.703541
  65. Tushaj, A. 2010. Market concentration in the banking sector: Evidence from Albania. University of Bamberg, Bamberg Economic Research Group on Government and Growth, BERG Working Paper Series on Government and Growth.
  66. Višić, J. and Škrabić Perić, B. 2011. The Determinants of Value of Incoming Cross-border Mergers &Acquisitions in European Transition Countries. Communist and Post-Communist Studies 44: 173-182.10.1016/j.postcomstud.2011.07.004
Language: English
Page range: 14 - 29
Published on: Jun 23, 2022
Published by: University of Sarajevo
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2022 Mladen Rebić, Slađana Paunović, Borka Popović, published by University of Sarajevo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.