کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
982314 1480468 2009 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Has bank consolidation in Korea lessened competition?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Has bank consolidation in Korea lessened competition?
چکیده انگلیسی
This paper examines market concentration and competition in the Korean commercial banking market for the period of 1992-2004. While market concentration decreased due to financial regulation before the Asian financial crisis, the Korean banking industry has become increasingly concentrated in the process of restructuring and consolidation since the crisis. Contrary to a growing concern over market power in Korean banking, this study finds that increased concentration has not lessened competition. The H statistic of the Panzar-Rosse model indicates that the Korean commercial banking market was monopolistically competitive during the pre-crisis period and the post-crisis period with temporary deviation to the level of perfect competition during the crisis period.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Quarterly Review of Economics and Finance - Volume 49, Issue 2, May 2009, Pages 651-667
نویسندگان
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