Are the effects of market concentration and income diversification on banking performance persistent?

We analyze the effects of market concentration and income diversification on banking performance. We used a sample of 134 countries for the period 1994-2011 and used the GMM estimator proposed by Arellano and Bover (1995). Our results show that market concentration and income diversification have a...

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Autores:
Muñoz Mendoza, Jorge A.
Sepúlveda Yelpo, Sandra M.
Veloso Ramos, Carmen L.
Fuentealba, Carlos Delgado
Tipo de recurso:
Fecha de publicación:
2020
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
spa
OAI Identifier:
oai:repository.eafit.edu.co:10784/25800
Acceso en línea:
http://hdl.handle.net/10784/25800
Palabra clave:
Bank performance
Market concentration
Income diversification
Desempeño bancario
Concentración de mercado
Diversificación de ingresos
Rights
openAccess
License
Acceso abierto
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repository_id_str
spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2020-09-082021-02-19T16:41:07Z2020-09-082021-02-19T16:41:07Z1657-4206http://hdl.handle.net/10784/25800We analyze the effects of market concentration and income diversification on banking performance. We used a sample of 134 countries for the period 1994-2011 and used the GMM estimator proposed by Arellano and Bover (1995). Our results show that market concentration and income diversification have a positive and non-linear effect on bank performance. The non-linearity suggests that the positive effect is reversed if the banking industry has high levels of market concentration and income diversification. During an economic crisis, the banking industry reduces diversification to support its performance. These results are relevant for the design of financial policy and banking strategies.Analizamos los efectos de la concentración de mercado y diversificación de ingresos sobre el desempeño bancario. Usamos el estimador GMM de Arellano y Bover (1995) para 134 países entre 1994 y 2011. Nuestros resultados demuestran que la concentración de mercado y la diversificación tienen un efecto positivo y no lineal sobre el desempeño bancario. La forma no lineal sugiere que el efecto positivo se revierte si la industria bancaria tiene elevada concentración y diversificación. En períodos de crisis, la industria bancaria debe reducir su grado de diversificación para soportar un mayor desempeño. Estos resultados son relevantes para la política financiera y estrategias bancarias.application/pdfspaUniversidad EAFIThttps://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/6600/4947https://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/6600/4947Copyright © 2020 Jorge A. Muñoz Mendoza, Sandra M. Sepúlveda Yelpo, Carmen L. Veloso Ramos, Carmen L. Veloso Ramosinfo:eu-repo/semantics/openAccessAcceso abiertohttp://purl.org/coar/access_right/c_abf2Revista Ecos de Economía, Vol. 24 Núm. 50 (2020)Are the effects of market concentration and income diversification on banking performance persistent?¿Son persistentes los efectos de la concentración de mercado y la diversificación de ingresos sobre el desempeño bancario?articleinfo:eu-repo/semantics/articlepublishedVersioninfo:eu-repo/semantics/publishedVersionArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Bank performanceMarket concentrationIncome diversificationDesempeño bancarioConcentración de mercadoDiversificación de ingresosMuñoz Mendoza, Jorge A.Sepúlveda Yelpo, Sandra M.Veloso Ramos, Carmen L.Fuentealba, Carlos DelgadoUniversidad de ConcepciónEcos de Economia24502544THUMBNAILminaitura-ecos_Mesa de trabajo 1.jpgminaitura-ecos_Mesa de trabajo 1.jpgimage/jpeg251248https://repository.eafit.edu.co/bitstreams/3d182b88-d352-4ee9-9c8c-e5c5c3a7511d/download9b15d674b076c1793a0bc25cebb1bcefMD51ORIGINALdocument - 2021-04-25T152212.449.pdfdocument - 2021-04-25T152212.449.pdfPDF Completoapplication/pdf359776https://repository.eafit.edu.co/bitstreams/5d86bde0-5b21-4699-a88f-4d49757aaa53/download8d08c7d5c547238206f9b114e58c1627MD52articulo - copia (2).htmlarticulo - copia (2).htmlHTML Completotext/html378https://repository.eafit.edu.co/bitstreams/b89a4cf5-8921-4810-af4c-8bcf07951bde/download16119320b9fb3c26db9d97f90d85afe6MD5310784/25800oai:repository.eafit.edu.co:10784/258002021-04-25 15:24:13.924open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.co
dc.title.eng.fl_str_mv Are the effects of market concentration and income diversification on banking performance persistent?
dc.title.spa.fl_str_mv ¿Son persistentes los efectos de la concentración de mercado y la diversificación de ingresos sobre el desempeño bancario?
title Are the effects of market concentration and income diversification on banking performance persistent?
spellingShingle Are the effects of market concentration and income diversification on banking performance persistent?
Bank performance
Market concentration
Income diversification
Desempeño bancario
Concentración de mercado
Diversificación de ingresos
title_short Are the effects of market concentration and income diversification on banking performance persistent?
title_full Are the effects of market concentration and income diversification on banking performance persistent?
title_fullStr Are the effects of market concentration and income diversification on banking performance persistent?
title_full_unstemmed Are the effects of market concentration and income diversification on banking performance persistent?
title_sort Are the effects of market concentration and income diversification on banking performance persistent?
dc.creator.fl_str_mv Muñoz Mendoza, Jorge A.
Sepúlveda Yelpo, Sandra M.
Veloso Ramos, Carmen L.
Fuentealba, Carlos Delgado
dc.contributor.author.spa.fl_str_mv Muñoz Mendoza, Jorge A.
Sepúlveda Yelpo, Sandra M.
Veloso Ramos, Carmen L.
Fuentealba, Carlos Delgado
dc.contributor.affiliation.spa.fl_str_mv Universidad de Concepción
dc.subject.keyword.eng.fl_str_mv Bank performance
Market concentration
Income diversification
topic Bank performance
Market concentration
Income diversification
Desempeño bancario
Concentración de mercado
Diversificación de ingresos
dc.subject.keyword.spa.fl_str_mv Desempeño bancario
Concentración de mercado
Diversificación de ingresos
description We analyze the effects of market concentration and income diversification on banking performance. We used a sample of 134 countries for the period 1994-2011 and used the GMM estimator proposed by Arellano and Bover (1995). Our results show that market concentration and income diversification have a positive and non-linear effect on bank performance. The non-linearity suggests that the positive effect is reversed if the banking industry has high levels of market concentration and income diversification. During an economic crisis, the banking industry reduces diversification to support its performance. These results are relevant for the design of financial policy and banking strategies.
publishDate 2020
dc.date.issued.none.fl_str_mv 2020-09-08
dc.date.available.none.fl_str_mv 2021-02-19T16:41:07Z
dc.date.accessioned.none.fl_str_mv 2021-02-19T16:41:07Z
dc.date.none.fl_str_mv 2020-09-08
dc.type.eng.fl_str_mv article
info:eu-repo/semantics/article
publishedVersion
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dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/25800
identifier_str_mv 1657-4206
url http://hdl.handle.net/10784/25800
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eu_rights_str_mv openAccess
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dc.format.none.fl_str_mv application/pdf
dc.coverage.spatial.none.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.source.spa.fl_str_mv Revista Ecos de Economía, Vol. 24 Núm. 50 (2020)
institution Universidad EAFIT
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