عنوان مقاله
رابطه بین رقابت، رشد و عملکرد در صنعت بانکداری
فهرست مطالب
چکیده
مقدمه
رقابت و سودآوری
رابطه اندازه و عملکرد بانک
نتیجه گیری
بخشی از مقاله
پیشینه عمومی
Alhadeff و Alhadeff نرخ رشد 200 بانک برتر در آمریکا در طول سالهای 60- 1930 را با نرخ رشد دارایی های کل بانک ها مقایسه نمودند. آنها این گونه استنباط کردند که رشد 200 بانک برتر کند تر از تعداد کل بود. در 200 بانک برتر، بخش تحتانی رشد سریعتر و واریانس بیشتری در نرخ رشد نسبت به بخش فوقانی از خود نشان داد.
کلمات کلیدی:
Competition, Growth, and Performance in the Banking Industry Bert Scholtensa - preliminary version, comments are welcome - a University of Groningen, Department of Finance, P.O. Box 800, 9700 AV Groningen, The Netherlands, phone +31–50 363 7064, fax +31–50 363 7207, email L.J.R.Scholtens@ECO.RUG.NL, http://www.eco.rug.nl/medewerk/scholten JEL: F30, G21, L23 Keywords: Bank Competition, Bank Performance, Bank Size, International Banking Abstract: This paper analyzes competition, growth, and performance in the banking industry. First, we analyze the relationship between market structure and the performance of the banking industry. Furthermore, we test hypotheses on whether size matters for individual banks' profit performance. As such, we use extreme bounds stability analysis and a stability analysis in line with Sala-i-Martin (1997) to test for the reliability of the regression outcomes. It turns out that bank profits are inversely related to the amount of bank assets and are positively associated with the amount of tier-one bank capital. Acknowledgements: Daphne Hameeteman and Robert Lensink are gratefully acknowledged for their invaluable research assistance. Simon Benninga and Elmer Sterken have provided very welcome comments on a previous version of this paper. The usual disclaimer applies. 1 COMPETITION, GROWTH, AND PERFORMANCE IN THE BANKING INDUSTRY 1. Introduction There is a discussion in the economic literature about whether or not size matters for the performance of banks. From a theoretical perspective, this seems somewhat awkward. Gibrat’s law tells us that size does not matter (Gibrat, 1931), and we know that size is unimportant in the atomistic market structure of the Arrow-Debreu model. However, in the real world, size is a hot issue. In this respect, a substantial amount of research has been directed towards the cost function of banks (see Berger et al. (1999) for an overview). In general, this research established that economies of scale may exist for banks up to the $10bn-$25bn size range. The evidence is at best very weak that cost complementarities exist, i.e. it appears that there are very limited economies of scale. But there turn out to be substantial X-inefficiencies in the banking industry; on average, banks have costs about 20% higher than those of a “best-practice” firm producing the same output. Analysis of the profit function of banks tends to reveal that with increases in bank size profit efficiency may improve (see Akhavein et al., 1997). This might result from improved risk diversification with increases in the scale of the banks' operations.
