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Banking market structure and industrial structure: A transnational empirical study

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  • Jiang, Lan
  • Wu, Tong

Abstract

This paper empirically analyzes the impact of market structure in the banking sector on industrial structure through instrumental variables regression using cross-country panel data for 101 developing countries from 2005-2020. It is found that the market concentration of the banking industry in developing countries is negatively related to industrial structure. The increase of market concentration in the banking industry is not conducive to changing industrial structures in developing countries. The level of banking industry development is positively correlated with industrial structure. The overall development of the banking industry is conducive to industrial development and structural adjustment.

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  • Jiang, Lan & Wu, Tong, 2023. "Banking market structure and industrial structure: A transnational empirical study," Finance Research Letters, Elsevier, vol. 54(C).
    • Handle: RePEc:eee:finlet:v:54:y:2023:i:c:s1544612323001587
    DOI: 10.1016/j.frl.2023.103785
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    References listed on IDEAS

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    1. Abdulateif A Almulhim, 2022. "Board Structure and Stock Market Liquidity: Evidence from Saudi's Banking Industry," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 12(11), pages 950-968.
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    4. Gamze Ozturk Danisman & Ender Demir & Adam Zaremba, 2021. "Financial Resilience To The Covid-19 Pandemic: The Role Of Banking Market Structure," Applied Economics, Taylor & Francis Journals, vol. 53(39), pages 4481-4504, August.
    5. James Ntiamoah Doku & Emmanuel Mensah & Zangina Isshaq & Charles Komla Delali Adjasi, 2022. "Bank Market Structure and Competition in Africa," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Joshua Yindenaba Abor & Charles Komla Delali Adjasi (ed.), The Economics of Banking and Finance in Africa, chapter 0, pages 61-100, Palgrave Macmillan.
    6. Luan, Bingjiang & Zou, Hong & Chen, Shuxing & Huang, Junbing, 2021. "The effect of industrial structure adjustment on China’s energy intensity: Evidence from linear and nonlinear analysis," Energy, Elsevier, vol. 218(C).
    7. Wu, Linfei & Sun, Liwen & Qi, Peixiao & Ren, Xiangwei & Sun, Xiaoting, 2021. "Energy endowment, industrial structure upgrading, and CO2 emissions in China: Revisiting resource curse in the context of carbon emissions," Resources Policy, Elsevier, vol. 74(C).
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    Cited by:

    1. Li, Xiao-Lin & Si, Deng-Kui, 2024. "Does financial market liberalization promote corporate radical innovation? Evidence from China," International Review of Financial Analysis, Elsevier, vol. 95(PB).

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