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Product Mix Of The Spanish Banking Firms: Do Competition Clubs Exist?

Author

Listed:
  • Francisco Pérez García

    (Instituto Valenciano de Investigaciones Económicas)

  • Emili Tortosa Ausina

    (Universitat Jaume I)

Abstract

The expansion and intensification of banking competition, which has occurred inSpain during the last ten years, has allowed banks and savings banks to define theircompetitive strategies with more freedom. This paper analyzes the similarities andthe differences in their product mix along with its time evolution. In particular, itattempts to identify the different kinds of firms and, on this ground, to analyze whethercompetition leads to the homogeneization (convergence) of product mixes betweenfirms or groups of firms (clubs). The empirical success is higher when specializationclubs are considered, finding increased heterogeneity within the banking system as awhole but increased homogeneity within certain clusters of banks and savings banks La expansión e intensificación de la competencia en el sector bancario ocurrida en España durante la última década ha permitido a bancos y cajas de ahorro definir sus estrategias competitivas con mayor libertad. Este artículo analiza las similitudes y diferencias en la especialización de las empresas bancarias y su evolución temporal. En particular, trata de identificar los distintos tipos de empresas y, a partir de ello, analizar si la competencia está condicionada o no por grupos (clubes) de competidores con especializaciones similares. Los resultados son superiores cuando se consideran clubes de especialización, obteniéndose heterogeneidad creciente para el conjunto del sistema bancario pero homogeneidad creciente dentro de ciertos grupos de bancos y cajas de ahorro.

Suggested Citation

  • Francisco Pérez García & Emili Tortosa Ausina, 1998. "Product Mix Of The Spanish Banking Firms: Do Competition Clubs Exist?," Working Papers. Serie EC 1998-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    • Handle: RePEc:ivi:wpasec:1998-02
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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, 2003. "Bank cost efficiency as distribution dynamics: controlling for specialization is important," Investigaciones Economicas, Fundación SEPI, vol. 27(1), pages 71-96, January.
    2. Emili Tortosa-Ausina, 2002. "Bank Cost Efficiency and Output Specification," Journal of Productivity Analysis, Springer, vol. 18(3), pages 199-222, November.
    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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