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Foreign and Domestic Bank Performances: An Ideal Decomposition of Industry Dynamics

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Author Info
Yongil Jeon (Central Michigan University)
Stephen M. Miller (University of Nevada and University of Connecticut)

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Abstract

The aggregate performance of the banking industry depends on the underlying micro-level dynamics within that industry -- adjustments within banks, reallocations between banks, entries of new banks, and exits of existing banks. Jeon and Miller (2002a) extend Bailey, Hulten, and Campbell (1992) and Haltiwanger (1997) to develop a generalized ideal dynamic decomposition. This paper illustrates the ideal dynamic decomposition with return on equity of foreign and domestic Korean commercial banks from 1994 to 2000. The overall performance of Korean banks largely reflects individual bank efficiencies, except immediately after the Asian financial crisis where restructuring played a more important role on average bank performance. Foreign bank performance, however, largely reflected individual bank efficiencies, even immediately after the Asian financial crisis.

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Publisher Info
Paper provided by University of Connecticut, Department of Economics in its series Working papers with number 2002-24.

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Length: 26 pages
Date of creation: Nov 2002
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Handle: RePEc:uct:uconnp:2002-24

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Related research
Keywords: commercial banks; profitability; foreign banks and global advantage hypothesis;

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Find related papers by JEL classification:
E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
G2 - Financial Economics - - Financial Institutions and Services

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  1. Stefano Scarpetta & Philip Hemmings & Thierry Tressel & Jaejoon Woo, 2002. "The Role of Policy and Institutions for Productivity and Firm Dynamics: Evidence from Micro and Industry Data," OECD Economics Department Working Papers 329, OECD, Economics Department. [Downloadable!]
  2. John C. Haltiwanger, 1997. "Measuring and analyzing aggregate fluctuations: the importance of building from microeconomic evidence," Review, Federal Reserve Bank of St. Louis, issue May, pages 55-78. [Downloadable!]
  3. B. Gerard Dages & Linda Goldberg & Daniel Kinney, 2000. "Foreign and domestic bank participation in emerging markets: lessons from Mexico and Argentina," Economic Policy Review, Federal Reserve Bank of New York, issue Sep, pages 17-36. [Downloadable!]
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  4. Jeon, Yongil & Miller, Stephen M. & Natke, Paul A., 2006. "Do foreign bank operations provide a stabilizing influence in Korea?," The Quarterly Review of Economics and Finance, Elsevier, vol. 46(1), pages 82-109, February. [Downloadable!] (restricted)
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  5. Gilbert, R. Alton & Wilson, Paul W., 1998. "Effects of Deregulation on the Productivity of Korean Banks," Journal of Economics and Business, Elsevier, vol. 50(2), pages 133-155, March. [Downloadable!] (restricted)
  6. Reinhart, Carmen & Kaminsky, Graciela, 2001. "Bank Lending and Contagion: Evidence from the Asian Crisis," MPRA Paper 7580, University Library of Munich, Germany. [Downloadable!]
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  7. Yongil Jeon & Stephen M. Miller, 2005. "An 'Ideal' Decomposition of Industry Dynamics: An Application to the Nationwide and State Level U.S. Banking Industry," Working papers 2005-25, University of Connecticut, Department of Economics. [Downloadable!]
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  8. Dongchul Cho & Kiseok Hong, 2001. "Currency Crisis of Korea: Internal Weakness or External Interdependence?," NBER Chapters, in: Regional and Global Capital Flows: Macroeconomics Causes and Consequences, NBER-EASE Volume 10, pages 337-380 National Bureau of Economic Research, Inc. [Downloadable!]
  9. James R. Barth & Gerard Caprio, Jr. & Ross Levine, 2002. "Bank Regulation and Supervision: What Works Best?," NBER Working Papers 9323, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  10. McGuckin, Robert H, 1995. "Establishment Microdata for Economic Research and Policy Analysis: Looking beyond the Aggregates," Journal of Business & Economic Statistics, American Statistical Association, vol. 13(1), pages 121-26, January.
  11. Steven Radelet & Jeffrey Sachs, 1998. "The Onset of the East Asian Financial Crisis," NBER Working Papers 6680, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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