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Market structure in the banking sector: Evidence from a developing economy

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Author Info

  • Matousek, Roman

    ()
    (Sussex University, UK)

  • Nguyen, Thao Ngoc

    ()
    (Nottingham Trent University, UK)

  • Stewart, Chris

    ()
    (Kingston University London)

Abstract

This paper examines the market structure of Vietnam’s banking system from 1999 to 2009 using the non-structural (Panzar-Rosse) model. We consider a more comprehensive range of specifications, in terms of a greater number of environmental covariates and different dependent variables, than in previous applications of this model. Further, this is the first study that uses lagged input prices (to avoid endogeneity) and excludes assets (to avoid specification bias) in such a study of the Vietnamese banking system. We find that the Vietnamese banking system operates in monopolistic competition with non-state owned commercial banks behaving more competitively than state owned commercial banks.

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File URL: http://eprints.kingston.ac.uk/25914/1/Stewart-C-25914.pdf
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Bibliographic Info

Paper provided by School of Economics, Kingston University London in its series Economics Discussion Papers with number 2013-1.

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Length: 23 pages
Date of creation: 31 May 2013
Date of revision:
Handle: RePEc:ris:kngedp:2013_001

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Postal: Kingston University London, School of Economics, Penrhyn Road, Kingston upon Thames, Surrey, KT1 2EE, UK
Web page: http://fass.kingston.ac.uk/schools/economics/
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Keywords: Banking; performance; Non-structural model; Vietnam;

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  1. Gelos, R. G. & Roldos, Jorge, 2004. "Consolidation and market structure in emerging market banking systems," Emerging Markets Review, Elsevier, vol. 5(1), pages 39-59, March.
  2. Thao Ngoc Nguyen & Chris Stewart, 2013. "Concentration and efficiency in the Vietnamese banking system between 1999 and 2009: A structural model approach," Journal of Financial Regulation and Compliance, Emerald Group Publishing, vol. 21(3), pages 268-283, July.
  3. De Bandt, Olivier & Davis, E. Philip, 2000. "Competition, contestability and market structure in European banking sectors on the eve of EMU," Journal of Banking & Finance, Elsevier, vol. 24(6), pages 1045-1066, June.
  4. Goddard, John & Wilson, John O.S., 2009. "Competition in banking: A disequilibrium approach," Journal of Banking & Finance, Elsevier, vol. 33(12), pages 2282-2292, December.
  5. Stijn Claessens & Luc Laeven, 2004. "What drives bank competition? Some international evidence," Proceedings, Federal Reserve Bank of Cleveland, pages 563-592.
  6. Shaffer, Sherrill, 2004. "Patterns of competition in banking," Journal of Economics and Business, Elsevier, vol. 56(4), pages 287-313.
  7. Alli Nathan & Edwin H. Neave, 1989. "Competition and Contestability in Canada's Financial System: Empirical Results," Canadian Journal of Economics, Canadian Economics Association, vol. 22(3), pages 576-94, August.
  8. Matthews, Kent & Murinde, Victor & Zhao, Tianshu, 2007. "Competitive conditions among the major British banks," Journal of Banking & Finance, Elsevier, vol. 31(7), pages 2025-2042, July.
  9. J.A. Bikker & Laura Spierdijk, 2009. "Measuring and explaining competition in the financial sector," Working Papers 09-01, Utrecht School of Economics.
  10. Molyneux, Phil & Lloyd-Williams, D. M. & Thornton, John, 1994. "Competitive conditions in european banking," Journal of Banking & Finance, Elsevier, vol. 18(3), pages 445-459, May.
  11. Lloyd-Williams, D. M. & Molyneux, Phil & Thornton, John, 1994. "Market structure and performance in Spanish banking," Journal of Banking & Finance, Elsevier, vol. 18(3), pages 433-443, May.
  12. Panzar, John C & Rosse, James N, 1987. "Testing for "Monopoly" Equilibrium," Journal of Industrial Economics, Wiley Blackwell, vol. 35(4), pages 443-56, June.
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