The persistence of bank profit

被引：127

作者：

Goddard, John ^{[1
]}

Liu, Hong ^{[2
]}

Molyneux, Philip ^{[1
]}

Wilson, John U. S. ^{[3
]}

机构：

[1] Bangor Univ, Bangor Business Sch, Bangor LL57 2DG, Gwynedd, Wales

[2] Univ Glasgow, Dept Accounting & Finance, Glasgow G12 8QQ, Lanark, Scotland

[3] Univ St Andrews, Sch Management, St Andrews KY16 9SS, Fife, Scotland

来源：

JOURNAL OF BANKING & FINANCE | 2011年 / 35卷 / 11期

关键词：

Banks; Imperfect markets; Firm performance; MARKET-POWER; PANEL-DATA; COMPETITION; PROFITABILITY; DYNAMICS; INDUSTRY; COST; DIVERSIFICATION; PERFORMANCE; EFFICIENCY;

D O I：

10.1016/j.jbankfin.2011.03.015

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines the intensity of competition in 65 national banking industries. Country-level dynamic panel estimates of the persistence of bank profit are reported and compared. Persistence of bank profit is interpreted as an indicator of the intensity of competition, and as such is found to be consistent with traditional structure-based and conduct-based competition indicators. Persistence is negatively related to the rate of growth in GDP per capita, and positively related to the size of entry barriers. Persistence tends to be weaker, and competition stronger, in countries where institutional development is more advanced and external governance mechanisms are strong. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：2881 / 2890

页数：10

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