Academic literature on the topic 'Panzar-Rosse'
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Journal articles on the topic "Panzar-Rosse"
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Gunji, Hiroshi, and Yuan Yuan. "The Panzar-Rosse Statistic Revisited." Theoretical Economics Letters 07, no. 01 (2017): 30–34. http://dx.doi.org/10.4236/tel.2017.71004.
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Khoirunurrofik, Khoirunurrofik, Mohammad Alvin Prabowosunu, and Mohammad Ikhsan Fansuri. "DID THE CRISIS STRENGTHEN BANK COMPETITION IN INDONESIA?: MARKET STRUCTURE ANALYSIS PRE AND POST THE 2008 FINANCIAL CRISIS." Journal of Developing Economies 5, no. 2 (December 2, 2020): 147. http://dx.doi.org/10.20473/jde.v5i2.19660.
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The banking industry has become a substantial part of the economy. This paper traces the change in market structure and assess the level of competition among the top 10 banks of Indonesia for the period 2005-2014. Then also distinguishing between before and after the Global Financial Crisis. Utilizing the Panzar-Rosse method and panel data, we discovered that the results show an increase in the H-value from 2005-2009 to 2010-2014 and a movement towards an almost perfectly competitive environment. Interest rates drove the short response of post-crisis on the competition. Therefore governmental supervision is required to prevent liquidity issues due to the imposition of high-interest rates. Keywords: Banking, Competition, Global Financial Crisis, Panzar-Rosse ModelJEL Classification: D40, D41, G21, L11
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Athoillah, Moh. "STRUKTUR PASAR INDUSTRI PERBANKAN INDONESIA: ROSSE-PANZAR TEST." Journal of Indonesian Applied Economics 4, no. 1 (May 15, 2010): 1–2010. http://dx.doi.org/10.21776/ub.jiae.2010.004.01.7.
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Wibowo, Buddi. "Banking Competition Measurement and Banking Sector Performance: Analysis of 4 ASEAN Countries." Signifikan: Jurnal Ilmu Ekonomi 6, no. 1 (February 11, 2017): 1–28. http://dx.doi.org/10.15408/sjie.v6i1.4547.
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Many believe concentrated banking industry which is dominated by few big banks creates lower competition, high profitability, and low efficiency. The main issue in empirical testing of this hypothesis is how to measure banking competition level. Traditional measures of competition are concentration ratio and Herfindahl-Hirschman Index. This study uses three measures of banking level competition which are widely used in recent financial literature: Boone Indicator, Lerner Index and H-Panzar-Rosse statistics. Lerner Index and H-Panzar-Rosse statistics resulted a similar competition level conclusion, while Boone Indicator produced slightly different output. Industry concentration produced opposing results with those three level of industry competition measurement methods. The results show banking competition tend to be a monopolistic competition in ASEAN countries, especially in Indonesia which banks’ strategy basically were non-pricing strategy. Competition significantly caused lower profitability, while banking efficiency was not significantly affected by level of competition.DOI: 10.15408/sjie.v6i1.4547
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Siregar, Kiki Hardiansyah, Ahmad Qarib, and Dede Ruslan. "Analysis of Islamic Banking Market Structure in Indonesia with Panzar-Rosse Model Approach." Budapest International Research and Critics Institute (BIRCI-Journal) : Humanities and Social Sciences 2, no. 2 (May 10, 2019): 122–33. http://dx.doi.org/10.33258/birci.v2i2.243.
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The purpose in this study is to determine and analyze the market structure of the Islamic banking industry in Indonesia according to the Panzar-Rosse model and the level of competition between Islamic banking industry in Indonesia. To find out the market structure of the islamic banking industry it must be analyzed the effect of EAR, NPF, BOPO, FAR, FS, PL, PFF, PCE on the performance of Islamic banking as measured by ROA. The data used to answer and achieve these objectives is used secondary data from Islamic banks in Indonesia which has the largest asset ratings for a period of 6 years using the selected panel data method on the basis of Tests. The analysis model related to market structure uses the Panzar-Rosse model by looking for the H-statistic value and identified the Islamic banking equilibrium test on the panel data model of the performance of bank in Indonesia. This study found that the performance of Islamic banking measured by ROA simultaneously affected EAR, NPF, BOPO, FAR and FS and Panzar-Rosse approach will produce H-Stat value which is the sum of three main coefficients ofbanking inputs (labor, capital and funds). With H-Stat valued at 0.735 can be concludedthat the islamic banking industry in indonesia into the category of monopolistic market.The levels of the Islamic banking industry of Bank BNI, Bank BRI, Bank Panin and Bank Bukopin are monopolistic market while Bank Muamalat and Bank Mandiri are directed towards a joint monopoly market in the position of long-term equilibrium.
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Kasri, Rahmatina A., and Nur Iman. "Analisis Persaingan Perbankan Syariah Indonesia: Aplikasi Model Panzar-Rosse." Jurnal Ekonomi dan Pembangunan Indonesia 11, no. 1 (July 1, 2010): 1–20. http://dx.doi.org/10.21002/jepi.v11i1.178.
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Indonesia is among the few countries that adopts dual banking system where Islamic banks run in parallel and compete with conventional banks. Although under such a system banking competition would be expected to be high, data tend to show the opposite case, as three Islamics banks acquired 65 percent of market share in Indonesia. This study, therefore, attempts to determine the degree of banking competition in Indonesia by employing the Panzar-Rosse Model for 2003-2008 period. The study also analyses the competitive behaviors of Islamic banks and compares it with those of its conventional counterparts. The estimated model suggests that monopolistic competition exists in the overall banking industry—the degree is even slightly higher for Islamic banking, where the market is characterized by aggressive competition for funding, quality human resources, and financing. Such competition occurs due to, among others, small market size, low consumer base, lack of product variations, and lack of competent human resources. These should be a major concern for all Islamics banking stakeholders for developing a better Islamic banking industry, particularly in Indonesia.
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BUDHATHOKI, Prem Bahadur, Chandra Kumar RAI, and Arjun RAI. "Assessing Bank Competition in Nepal Using Panzar-Rosse Model." Journal of Asian Finance, Economics and Business 7, no. 11 (November 30, 2020): 759–68. http://dx.doi.org/10.13106/jafeb.2020.vol7.no11.759.
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Stavárek, Daniel, and Iveta Řepková. "Estimation of the competitive conditions in the Czech banking sector." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 59, no. 2 (2011): 299–306. http://dx.doi.org/10.11118/actaun201159020299.
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The paper uses New Empirical Industrial Organization approach, especially Panzar-Rosse model to estimates the level of competition of the banking industry in the Czech Republic during the period 2001–2009. We apply Panzar-Rosse model to estimate H statistic for a panel of 15 banks, which represent almost 90 % of the market. This paper also measures and compares the degree of banking competition in two sub-periods, 2001–2005 and 2005–2009, in order to investigate development of the competitive structure of the Czech banking industry. We found that the market was in equilibrium during most of the estimation period, which is a necessary condition for sound evaluation of the competition level. While the market can be described as perfectly competitive in 2001–2005, the intensity of competition decreased after joining the EU in 2004 and the market can be characterized as one of monopolistic competition in 2005–2009. The monopolistic competition in the Czech banking market was also revealed if the full sample 2001–2009 is considered.
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Aktan, Bora, and Omar Masood. "THE STATE OF COMPETITION OF THE TURKISH BANKING INDUSTRY: AN APPLICATION OF THE PANZAR‐ROSSE MODEL." Journal of Business Economics and Management 11, no. 1 (March 31, 2010): 131–45. http://dx.doi.org/10.3846/jbem.2010.07.
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This paper examines the competitive structures of the Turkish banking industry over the period 1998–2008 and investigates the factors that can explain differences in the degree of competitiveness. The Panzar‐Rosse method is used to test for the competitive nature of the industry, which also gives the measure of competition, the H‐statistic, is related to a number of industry controls and prevailing banking structures. Our results indicate that the banking industry in Turkey is in an equilibrium state, further they are in long run equilibrium. We also found that the banks in Turkey are operating as a whole under conditions of monopolistic competition. However, the banks were able to achieve high records of profitability in monopolistically competitive markets. Santrauka Straipsnyje tyrinejamos konkuruojančios struktūros ir veiksniai, darantys itaka skirtingam rinkos žai‐deju konkurencingumo laipsniui Turkijos bankininkystes sektoriuje 1998–2008 m. Bankininkystes sek‐toriaus konkurencijai ivertinti taikomas Panzar‐Rosse metodas. Rezultatai leidžia teigti, kad bankininkystes sektorius Turkijoje yra pusiausvyros būsenos, pereinančios i ilgalaiki etapa. Taip pat nustatyta, kad bankai Turkijoje veikia monopolines konkurencijos salygomis. Šiomis salygomis Turkijos bankai sugeba pasiekti aukštapelninguma.
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Aktan, Bora, and Omar Masood. "THE STATE OF COMPETITION OF THE TURKISH BANKING INDUSTRY: AN APPLICATION OF THE PANZAR‐ROSSE MODEL." Journal of Business Economics and Management 11, no. 1 (March 31, 2010): 131–45. http://dx.doi.org/10.3846/jbem.202010.07.
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This paper examines the competitive structures of the Turkish banking industry over the period 1998–2008 and investigates the factors that can explain differences in the degree of competitiveness. The Panzar‐Rosse method is used to test for the competitive nature of the industry, which also gives the measure of competition, the H‐statistic, is related to a number of industry controls and prevailing banking structures. Our results indicate that the banking industry in Turkey is in an equilibrium state, further they are in long run equilibrium. We also found that the banks in Turkey are operating as a whole under conditions of monopolistic competition. However, the banks were able to achieve high records of profitability in monopolistically competitive markets. Santrauka Straipsnyje tyrinejamos konkuruojančios struktūros ir veiksniai, darantys itaka skirtingam rinkos žai‐deju konkurencingumo laipsniui Turkijos bankininkystes sektoriuje 1998–2008 m. Bankininkystes sek‐toriaus konkurencijai ivertinti taikomas Panzar‐Rosse metodas. Rezultatai leidžia teigti, kad bankininkystes sektorius Turkijoje yra pusiausvyros būsenos, pereinančios i ilgalaiki etapa. Taip pat nustatyta, kad bankai Turkijoje veikia monopolines konkurencijos salygomis. Šiomis salygomis Turkijos bankai sugeba pasiekti aukštapelninguma.
Dissertations / Theses on the topic "Panzar-Rosse"
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Vigren, Andreas. "Swedish Savings Banks and Competition : A Panzar-Rosse model approach." Thesis, Umeå universitet, Nationalekonomi, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-58428.
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Silveira, Pedro Paulo Bartolomei da. "Concentração e competição bancárias no Brasil: uma aplicação do Modelo Panzar-Rosse." reponame:Repositório Institucional do FGV, 2017. http://hdl.handle.net/10438/18820.
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We will address the relationship between concentration and competition in the banking industry, according to the contemporary models of Industrial Organization Theory, applying the Panzar-Rosse approach, as developed by Bikker, Schaffer, and Spierdijk, with the definition of the H statistic from a non-scaled return equation. The Panzar-Rosse approach was applied on a data sample of Brazilian commercial banks data between 2011 and 2016 using an OLS e FGLS models. The database starts in 2011, when the effects of the long 2009-2010 crisis were exhausted in the national banking system. Before applying the model, the present work reviews the literature on the theme, accentuating the diversity of approaches used to establish the causal relationships between concentration and competition. The results show the clear advance of banking concentration in several relevant markets and the evidence of market power. The CR10 index evolved from 86.8% in January 2011 to 88,5% in December 2016. The Hr statistic on the non-sacaled returns, chosen as reference for the analyzed period, indicated market power.
Para analisar a relação entre a concentração e a competição bancária, de acordo com os modelos contemporâneos da Teoria da Organização Industrial, faremos a aplicação da abordagem de Panzar-Rosse, tal como desenvolvida por Bikker, Schaffer e Spierdijk, com a definição da estatística H a partir de uma equação não-escalada de retornos. A abordagem de Panzar-Rosse foi aplicada a partir de uma amostra de dados dos bancos comerciais brasileiros de 2011 a 2016 com modelos OLS e FGLS. A base de dados começa a partir de 2011, período no qual os efeitos da longa crise de 2009 a 2010 foram esgotados no sistema bancário nacional. Antes da aplicação do modelo, o presente trabalho apresenta a revisão da literatura do tema, destacando a diversidade de abordagens para estabelecer as relações causais entre concentração e competição. Os resultados mostram o avanço claro da concentração bancária em diversos mercados relevantes e a evidência de poder de mercado. A evolução do índice CR10 saiu de 86,8% em janeiro de 2011, para 88,5% em dezembro de 2016. A estatística Hr, acerca dos retornos não escalados, escolhida como referência para o referido período, indicou poder de mercado.
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Liu, Xiao Lu. "Competition in Chinese banking system : an empirical analysis based on Panzar-Rosse model." Thesis, University of Macau, 2009. http://umaclib3.umac.mo/record=b2131542.
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Mrázek, Martin. "Determinanty ziskovosti v bankovním sektoru." Master's thesis, Vysoká škola ekonomická v Praze, 2015. http://www.nusl.cz/ntk/nusl-201850.
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This thesis analyzes devolopment of profitabilty and market structure of banking sector in the Czech Republic, Slovakia, Poland and Hungary. Empirical results are consistent with structure-conduct-performance hypothesis, on the other hand efficiency hypothesis seems to be unlikely. These conclusions are furthermore supported by DEA efficiency analysis. Results of non-structural Panzer-Rosse model suggest that during the period under consideration, market outcome was similar to monopolistic competiton. The results of regression analysis reveal that bank-specific variables, share of banking deposits on GDP, GDP growth and interest rates are the main drivers of banking sector profitability.
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Andrade, Suzana Cristina Silva. "Assessing competition with the Panzar-Rosse model : an empirical analysis of European Union banking industry." Master's thesis, Instituto Superior de Economia e Gestão, 2013. http://hdl.handle.net/10400.5/6299.
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Mestrado em Economia Monetária e FinanceiraThe purpose of the present article is to assess the degree of competition within the enlarged European Union (EU) commercial banking system during the period ranging from 2004 to 2011 using the non-structural test developed by Panzar and Rosse (1987). Their procedure measures the competitive environment in which financial intermediaries operate employing the sum of the elasticities of the reduced-form interest revenue with respect to factor prices. The main conclusion to retain from this study is that banking industry in the region does not seem to have operated either under perfect competition or under perfect monopoly, but rather consistently with long-run monopolistic competition. Further, we also find empirical evidence of efficiency hypothesis posted by Demestz (1973) and Peltzman (1977), as opposed to conventional view that concentration impairs price competitiveness. Finally, we underline the importance of trade off between the costs and benefits of competition to support financial stability objectives.
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Tsegay, Yared Teka. "Competition and market structure in the South African banking industry." University of the Western Cape, 2004. http://hdl.handle.net/11394/7884.
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Magister Commercii - MComThe South African banking industry is relatively sound and adequately capitalized high-tech service industry. It provides services to 51% of the economically active population. In the late 2001, 2002 and,2003, a number of small banks failed·due to liquidity crises, which subsequently spurred the momentum of consolidation in the industry. During this period, a great deal of mergers and acquisitions has taken place in the industry. The regulatory environment is in line with the Bank of International Settlements (BIS) guidelines. The regulations regarding foreign banks are evidently a barrier to foreign bank entry, which could spur the level of competition in the industry In this thesis the level of market concentration is calculated using concentration ratios, CR. and CRs, for four product markets. The concentration ratio R. ranges from 77% for investment products, 79% for deposit market, 89% for installment sales market to 95% for credit card markets. The Herfindahl-Hirschman Index (RH!) as calculated by reserve bank is 1750 by the end of year 2002, compared with the thresholds set by American Department of Justice; this falls short by only 50 from the range of the highly concentrated markets, which is above 1800 points. The methodology used to test competition, one of the new empirical industrial organization models, is the Panzar-Rosse reduced form revenue function. The P-R reduced form revenue function estimates the competitive conduct by the extent to which changes in factor price is reflected in revenue. The reduced form revenue function is estimated based on unbalanced panel of 15 banks for the period of 1993 to 2002 using fixed effects panel data econometrics. The estimated H-statistic is 0.516,
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Ferreira, Caio. "Estrutura de mercado da indústria bancária e apetite ao risco no Brasil: uma análise dos anos 2001 a 2013." reponame:Repositório Institucional do FGV, 2014. http://hdl.handle.net/10438/12005.
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O presente trabalho analisou em que medida a estrutura de mercado da indústria bancária brasileira – em níveis de concentração e competição – afeta o apetite ao risco de seus agentes. Para tanto, o estudo examinou a relação entre indicadores de concentração (C3 e HHI), competição (Estatística-H) e de risco (NPL, Z-score) para o período entre 2001 e 2013. A relação entre non-performing loans (NPL), concentração e competição foi empiricamente testada através de modelos de dados em painel. Os resultados indicam que a concentração bancária tem impacto significativo no NPL, sugerindo que sistemas mais concentrados são mais frágeis. Por outro lado, os resultados para competição e NPL indicam que em ambientes mais competitivos podem gerar sistemas financeiros menos instáveis.
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Caetano, Thovan Tucakov. "Considerações analíticas sobre a competição no sistema bancário brasileiro." reponame:Repositório Institucional do FGV, 2013. http://hdl.handle.net/10438/11120.
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O mercado bancário brasileiro aparenta se organizar sob a forma de oligopólio, sobretudo por conta da presença de um número reduzido de grandes instituições. A teoria microeconômica nos sugere, no entanto, que mercado oligopolizado não é sinônimo de ausência de competição. A partir disso, conclui-se que não é evidente que os bancos privados domésticos não compitam entre si (claro, tampouco o contrário é evidente). Neste trabalho analisamos a evolução do grau de competitividade da indústria bancária brasileira, entre janeiro de 2001 e dezembro de 2012, utilizando a estatística-H de Panzar & Rosse. A mensuração da competição para a amostra completa continuou a indicar que os bancos brasileiros operam em regime de concorrência monopolística. Não obstante, a evolução trimestral da estatística-H aponta para períodos de significativa redução da competitividade na indústria bancária brasileira, que coincidem com momentos importantes em termos de fusões e aquisições dentro deste setor. Como complemento às conclusões obtidas através do cálculo da estatística-H, e à luz da recente intensiva do governo de 'forçar' uma queda do spread bancário via instituições públicas, foram executados testes de causalidade (de Granger) entre as taxas de juros cobradas pelos bancos públicos e privados. Os resultados indicam que as instituições bancárias aparentemente levam em conta, dentre outros fatores, as decisões dos seus concorrentes na hora de definir as taxas de juros que serão cobradas, sugerindo que a estratégia do governo pode contribuir para a continuidade do processo de convergência do spread bancário para patamares internacionais.
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Ferreira, Caio Henri Guitton Tavares. "Estrutura de mercado da indústria bancária e apetite ao risco no Brasil: uma análise dos anos 2001 e 2013." reponame:Repositório Institucional do FGV, 2014. http://hdl.handle.net/10438/12006.
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This present study examined the extent to which the market structure of the Brazilian banking industry - at levels of concentration and competition - affects the risk appetite of its agents. Thus, we examined the relationship between concentration indicators (C3 and HHI), competition (H-statistic) and risk (NPL, Z-score) for the period comprehended between 2001 and 2013. The relationship between non-performing loans (NPL), concentration and competition was empirically tested using panel data models. The results indicates that bank concentration has a significant impact on the NPL, suggesting that more concentrated systems are more fragile. On the other hand, the results for competition and NPL indicates that a more competitive environment may generate a more stable financial system.
O presente trabalho analisou em que medida a estrutura de mercado da indústria bancária brasileira – em níveis de concentração e competição – afeta o apetite ao risco de seus agentes. Para tanto, o estudo examinou a relação entre indicadores de concentração (C3 e HHI), competição (Estatística-H) e de risco (NPL, Z-score) para o período entre 2001 e 2013. A relação entre non-performing loans (NPL), concentração e competição foi empiricamente testada através de modelos de dados em painel. Os resultados indicam que a concentração bancária tem impacto significativo no NPL, sugerindo que sistemas mais concentrados são mais frágeis. Por outro lado, os resultados para competição e NPL indicam que em ambientes mais competitivos podem gerar sistemas financeiros menos instáveis.
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Huang, I.-Teng, and 黃奕騰. "The competition of the Americas banking industry: Panzar and Rosse model." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/80130660839800037779.
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碩士國立臺灣科技大學
企業管理系
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This study focuses on the Americas banking industry, we utilize the Panzer and Rosse model (P-R model) to measure the competitive environment of banking industry in 3 regions in the Americas and 16 countries during the period of 2004-2009. We first find out the Americas banking industries operate in monopolistic competition. However, the 2008 financial crisis occurred during the observation period. The sub-periods for North America and South America have a little bit change in the degree of competition, but has the significant increase in competition environment in Central America. It indeed shows that the financial crisis makes more competitive banking market in Central America. As for the competition environment of the banking industry of a single country, the result shows that all countries are monopolistic competition in North America while most countries in Central and South America are perfect competition. Finally, we focus on four major American countries to compare the differences between structural indicator (CR4, HHI) and non-structural indicator (H-statistic). Therefore, the structural indicator and the non-structural indicator are inconsistent in this study.
Book chapters on the topic "Panzar-Rosse"
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Wong, Jim, Eric Tak-Chuen Wong, Tom Pak-Wing Fong, and Ka-Fai Choi. "Competition in Hong Kong’s Banking Sector: A Panzar–Rosse Assessment." In The Banking Sector in Hong Kong, 17–31. London: Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/9780230227378_2.
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"The Panzar–Rosse model." In Bank Performance, 95–103. Routledge, 2008. http://dx.doi.org/10.4324/9780203030899-22.
Full textConference papers on the topic "Panzar-Rosse"
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Chen Caihui and Zhu Zhengxuan. "Accessing competition of financial industries in China: With the Panzar-Rosse model." In 2016 13th International Conference on Service Systems and Service Management (ICSSSM). IEEE, 2016. http://dx.doi.org/10.1109/icsssm.2016.7538550.
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Stavarek, Daniel, and Iveta Rapkova. "Competition in the Banking Sector in the Czech Republic." In International Conference on Eurasian Economies. Eurasian Economists Association, 2010. http://dx.doi.org/10.36880/c01.00161.
Full textAbstract:
The paper estimates the level of competition of the banking industry in the Czech Republic during the period 2000-2008. We apply Panzar-Rosse model on data from banks comprising almost 90% of the market. We found that the market was alternately in equilibrium and disequilibrium, which demonstrates a dynamic development of the Czech banking sector. While the market can be described as perfectly competitive during the period 2000-2004, the intensity of competition decreased after joining the EU in 2004 and the market can be characterized as one of monopolistic competition in 2004-2008.