Article ID Journal Published Year Pages File Type
5087347 Journal of Asian Economics 2013 10 Pages PDF
Abstract
► This paper examines the competitiveness of the Korean banking industry after consolidation. ► It analyzes the degree of competition within an improved Panzar and Rosse model, which uses cross-sectional data to assess the competitive behavior of banks. ► H-statistics results reveal the existence of monopolistic competition in the market. ► There is evidence of improvements in bank competition and profitability after consolidation. ► These results contradict the belief of increased risk and lower competition within this concentrated system.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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