FINANCIAL STABILITY AND CONCENTRATION: EVIDENCE FROM EMERGING EUROPE

被引：0
|
作者：
Capraru, Bogdan [1 ]
Moise, Norel Ionut [2 ]
Mutu, Simona [3 ]
Petria, Nicolae [4 ]
机构：
[1] Alexandru Ioan Cuza Univ, Fac Econ & Business Adm, 22 Carol 1 Blvd, Iasi 700505, Romania
[2] Univ Econ Studies, Fac Econ Bucharest, 6 Romana Sq, Bucharest 010374, Romania
[3] Univ Babes Bolyai, Fac Econ & Business Adm, Teodor Mihali St 58-60, Cluj Napoca 400591, Romania
[4] Lucian Blaga Univ Sibiu, Fac Econ Sci, Calea Dumbrazvii 17, Sibiu 550324, Romania
来源：
TRANSFORMATIONS IN BUSINESS & ECONOMICS | 2016年 / 15卷 / 3C期
关键词：
financial stability; Z-score; concentration; supervisory power; size; BANK INSOLVENCY RISK; MARKET POWER; COMPETITION; COUNTRIES; FRAGILITY; GROWTH; CRISES; INCOME;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates the impact of banking sector concentration on financial stability, across a sample of 134 commercial banks from 17 countries of Central and Eastern Europe during the period of 2007-2012. Empirical findings highlight the concentration fragility hypothesis, indicating that a high level of concentration in the banking sector is associated with a higher probability of default among banks, especially for the smaller ones. The authors also show that the negative influence of concentration might be reduced through a tight supervisory framework: (i) stringent official supervisory power of the banking sector, and (ii) differences between host and home country in terms of supervisory power can significantly reduce the negative impact of concentration on banks' probability of default.
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页码：376 / 395
页数：20
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