Article ID Journal Published Year Pages File Type
7415149 Contaduría y Administración 2017 14 Pages PDF
Abstract
In recent years Brazil has been one of the countries with major changes in the banking sector. The deregulation process that has taken place since 2002 has brought an increased presence of foreign banks and higher competition, among other aspects. In this context, the objective of this study is to analyze Gibrat's law on Brazilian commercial banks over the period 2002-2013 with the aim of providing evidence for the construction of a banking growth model which guide the country's financial policy. To that end, we employ a methodology based on quartile regressions as a contribution to previous literature. Our overall results reveal the existence of a non-lineal relationship between growth and banks size with an inverted U-shape. These findings allow us to affirm that the relative dispersion of banks size, as well as the sector's concentration, will be reduce in the future years.
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Social Sciences and Humanities Business, Management and Accounting Accounting
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