Market power and risk-taking of banks: Some semiparametric evidence from emerging economies

被引：11
|
作者：
Wu, Ji [1 ]
Guo, Mengmeng [2 ]
Chen, Minghua [2 ]
Jeon, Bang Nam [3 ]
机构：
[1] Southwestern Univ Finance & Econ, Collaborat Innovat Ctr Financial Secur, Res Inst Econ & Management, Chengdu, Sichuan, Peoples R China
[2] Southwestern Univ Finance & Econ, Res Inst Econ & Management, Chengdu, Sichuan, Peoples R China
[3] Drexel Univ, LeBow Coll Business, Sch Econ, Philadelphia, PA 19104 USA
来源：
EMERGING MARKETS REVIEW | 2019年 / 41卷
基金：
中国国家自然科学基金;
关键词：
Market power; Bank risk-taking; Emerging economies; FINANCIAL STABILITY; CAPITAL REQUIREMENTS; LENDING BOOMS; COMPETITION; CRISES; EFFICIENCY; IMPACT; COST; LIBERALIZATION; COMPLEXITY;
D O I：
10.1016/j.ememar.2019.100630
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We investigate the impact of market power of banks on their risk-taking. Appling bank-level data from 35 emerging economies during the period of 2000-2014 to our semiparametric model of the market power-bank risk nexus with the Bayesian inference, we present consistent evidence that there is a significant nonlinear relationship between market power and risk-taking of banks. Bank stability is found bolstered with increasing market power, but this relationship tends to weaken and even reverse as banks' market power grow further over a threshold level.
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页数：21
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