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Efectos De Las Fusiones Sobre El Mercado Financiero Colombiano

  • Dairo Estrada

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    Este trabajo examina los efectos de las fusiones en el sistema bancario sobre la eficiencia del sistema y los precios. Se encuentra que los bancos que han atravesado procesos de fusiones pueden experimentar mejoras en los indices de eficiencia en beneficios. Estas mejoras en eficiencia fueron superiores para aquellos bancos que presentaban rankings de eficiencia más bajos antes de la fusión. Adicionalmente,los efectos sobre cambios en los precios resultaron no reflejar comportamientos colusivos por parte de los bancos en el mercado de depósitos.

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    File URL: http://www.banrep.gov.co/docum/ftp/borra329.pdf
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    Paper provided by BANCO DE LA REPÚBLICA in its series BORRADORES DE ECONOMIA with number 002424.

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    Length: 35
    Date of creation: 28 Feb 2005
    Date of revision:
    Handle: RePEc:col:000094:002424
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    1. Allen N. Berger & Loretta J. Mester, 1997. "Inside the Black Box: What Explains Differences in the Efficiencies of Financial Institutions?," Center for Financial Institutions Working Papers 97-04, Wharton School Center for Financial Institutions, University of Pennsylvania.
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    7. Demsetz, Harold, 1973. "Industry Structure, Market Rivalry, and Public Policy," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 1-9, April.
    8. Humphrey, David B & Pulley, Lawrence B, 1997. "Banks' Responses to Deregulation: Profits, Technology, and Efficiency," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 29(1), pages 73-93, February.
    9. Prager, Robin A & Hannan, Timothy H, 1998. "Do Substantial Horizontal Mergers Generate Significant Price Effects? Evidence from the Banking Industry," Journal of Industrial Economics, Wiley Blackwell, vol. 46(4), pages 433-52, December.
    10. Paola Sapienza, 2002. "The Effects of Banking Mergers on Loan Contracts," Journal of Finance, American Finance Association, vol. 57(1), pages 329-367, 02.
    11. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
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