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Product Mix of the Spanish Banking Firms: Do Competition Clubs Exist?

In: Bank Strategies and Challenges in the New Europe

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  • Francisco Pérez
  • Emili Tortosa-Ausina

Abstract

The expansion and intensification of banking competition, which has occurred in Spain during the last ten years, has allowed banks and savings banks to define their competitive strategies with more freedom. This chapter analyses the similarities and the differences in the product mix of the firms and their time evolution. In particular, it aims to identify the different kinds of firms and, on this ground, to analyze whether competition leads to the homogenisation (convergence) of product mixes between firms or groups of firms (clubs). The empirical success is higher when specialisation clubs are considered, finding increased heterogeneity within the banking system as a whole but also increased homogeneity within certain clusters of banks and savings banks.

Suggested Citation

  • Francisco Pérez & Emili Tortosa-Ausina, 2001. "Product Mix of the Spanish Banking Firms: Do Competition Clubs Exist?," Palgrave Macmillan Books, in: Edward P. M. Gardener & Peter C. Versluijs (ed.), Bank Strategies and Challenges in the New Europe, chapter 8, pages 139-163, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-99276-0_8
    DOI: 10.1057/9780333992760_8
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    References listed on IDEAS

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    1. Dowrick, Steve & Nguyen, Duc-Tho, 1989. "OECD Comparative Economic Growth 1950-85: Catch-Up and Convergence," American Economic Review, American Economic Association, vol. 79(5), pages 1010-1030, December.
    2. Leon Korobow & David P. Stuhr, 1989. "A new look at U.S. banking strategy and structure in the 1980s," Research Paper 8917, Federal Reserve Bank of New York.
    3. Jordi Gual & Avelino Hernández, 1991. "Costes operativos, tamaño y especialización en las Cajas de Ahorro Españolas," Investigaciones Economicas, Fundación SEPI, vol. 15(3), pages 701-726, September.
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    Cited by:

    1. Emili Tortosa-Ausina, 2002. "Bank Cost Efficiency and Output Specification," Journal of Productivity Analysis, Springer, vol. 18(3), pages 199-222, November.
    2. Emili Tortosa-Ausina, 2003. "Bank cost efficiency as distribution dynamics: controlling for specialization is important," Investigaciones Economicas, Fundación SEPI, vol. 27(1), pages 71-96, January.
    3. Emili Tortosa Ausina, 1999. "-Convergence In Efficiency Of The Spanish Banking Firms As Distribution Dynamics," Working Papers. Serie EC 1999-14, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

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