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Journal articles on the topic 'Panzar-Rosse'

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Published: 4 June 2021
Last updated: 17 February 2022

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1

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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2

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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3

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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4

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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5

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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6

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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7

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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8

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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9

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.
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11

Shaffer, Sherrill, and Laura Spierdijk. "The Panzar–Rosse revenue test and market power in banking." Journal of Banking & Finance 61 (December 2015): 340–47. http://dx.doi.org/10.1016/j.jbankfin.2015.09.019.

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12

Chang, Bao-Guang, Tai-Hsin Huang, and Hsiu-Mei Wang. "Competition Conditions in Taiwan’s Public Accounting Industry." Accounting and Finance Research 6, no. 1 (December 28, 2016): 43. http://dx.doi.org/10.5430/afr.v6n1p43.

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This paper investigates the degree of market competition in the public accounting industry of Taiwan over the period 1994-2008, using the ‘H statistic’ proposed by Panzar & Rosse (1987). Differing from previous works, this paper applies a newly developed model, i.e., the censored stochastic frontier (CSF) model, to test whether the audit market has achieved its long-run equilibrium. The model is superior to the conventional model that requires researchers adding a unity to the dependent variable of returns on assets (ROA) for all observations, forcing the transformed dependent variable to be non-negative. One can then take the natural logarithm of this dependent variable. Evidence shows that Taiwan’s accounting industry is characterized as monopolistic competition with a trend towards perfect competition. The result will help to build up the empirical model for public accounting industry. The CSF model confirms that this industry is already in a long-run equilibrium in the second half of the sample, which validates the use of the Panzar-Rosse model. Conversely, the employment of the conventional approach leads to a rejection of the long-run equilibrium over the entire sample period.
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13

Memić, Deni. "Banking Competition and Efficiency: Empirical Analysis on the Bosnia and Herzegovina Using Panzar-Rosse Model." Business Systems Research Journal 6, no. 1 (March 1, 2015): 72–92. http://dx.doi.org/10.1515/bsrj-2015-0005.

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Abstract Background: Competition in the banking industry has been an important topic in the scientific literature as researchers tried to assess the level of competition in the banking sector. Objectives: This paper has an aim to investigate the market structure and a long term equilibrium of the banking market in Bosnia and Herzegovina nationwide as well as on its constitutional entities as well as to evaluate the monopoly power of banks during the years 2008-2012. Methods/Approach: The paper is examining the market structure using the most frequently applied measures of concentration k-bank concentration ratio (CRk) and Herfindahl-Hirschman Index (HHI) as well as evaluating the monopoly power of banks by employing Panzar-Rosse “H-statistic”. Results: The empirical results using CRk and HHI show that Bosnia and Herzegovina banking market has a moderately concentrated market with a concentration decreasing trend. The Panzar-Rosse “H-statistic” suggests that banks in Bosnia and Herzegovina operate under monopoly or monopolistic competition depending on the market segment. Conclusions: Banks operating on the banking market in Bosnia and Herzegovina seem to be earning their total and interest revenues under monopoly or perfectly collusive oligopoly.
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14

بو سنة, محمد رضا. "تقييم المنافسة في الصناعة المصرفية في الجزائر بالاعتماد على نموذج Panzar and Rosse = Assessing the Competition in Algerian Banking Industry Using Panzar and Rosse Model." Journal of Economic and Financial Research 4, no. 1 (June 2017): 32–52. http://dx.doi.org/10.12816/0050877.

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15

Repon, Anwar Hossain, and Zahidul Islam. "Competition and Concentration in Bangladeshi Banking Sector." International Journal of Finance & Banking Studies (2147-4486) 5, no. 1 (January 21, 2016): 16–29. http://dx.doi.org/10.20525/ijfbs.v5i1.44.

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The purpose of this paper is to investigate the market structure and degree of concentration of Bangladeshi banking industry. The study measured market concentration by using widely recognized measures like k-bank concentration ratio and Herfindahl-Hirchman Index (HHI). It evaluates market structure by applying Panzar-Rosse Model over 8 years period from 2006 to 2013. The result of concentration measures indicates a decreasing trend and low level of market concentration in Bangladeshi banking industry over the sample period. The panzer-Rosse “H-Statistic” suggests that banks in Bangladesh are operating under monopolistic competition. Present paper contributes to a burgeoning literature on banking competition that has evolved significantly over the past periods on a developing country perspective like Bangladesh.
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Babic, Aljosa, Emir Zildzovic, and Dragan Loncar. "Testing for competition in Serbian banking industry: The Panzar-Rosse approach." Industrija 43, no. 3 (2015): 7–26. http://dx.doi.org/10.5937/industrija43-7648.

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17

Rakshit, Bijoy, and Samaresh Bardhan. "Bank competition in India: revisiting the application of Panzar–Rosse model." Managerial Finance 46, no. 11 (July 17, 2020): 1455–77. http://dx.doi.org/10.1108/mf-09-2019-0457.

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PurposeThe paper measures the degree of bank competition in Indian banking over the period 1996–2016. Using bank-level annual data, we revisit the case of banking competitiveness during the prefinancial and postfinancial crisis and examine whether the global financial crisis alters the level of bank competition in India. Additionally, this paper addresses the misspecification issues associated with the widely used Panzar–Rosse model in Indian banking context.Design/methodology/approachWe apply Panzar and Rosse (1987) H-statistic and evaluate the degree of bank competition by estimating the extent to which changes in input prices are reflected in revenues earned by banks. Subsequently, we link this measure of competitiveness to a number of structural indicators (HHI and CRn) to examine the structure-conduct-performance hypothesis, which assumes that a concentrated banking system can impair competition. The simple panel regression model was used to handle the empirical estimations.Findingsfindings reveal that the Indian banking system operates under competitive conditions and earns revenues as if under the monopolistic competition. We also find evidence that Indian banks are competitive, even under a concentrated market structure. This observation runs, in contrary, to the prediction of the structure–conduct–performance hypothesis. The findings also indicate the differences in the estimated H-statistic value after considering the misspecifications of the P–R model.Practical implicationsFrom policy perspectives, policymakers should focus more on maintaining an optimal level of bank competition by mitigating entry restrictions, exercising less consolidation and withdrawing overregulation from banking activities. A competitive banking industry ensures both efficiency and stability.Social implicationsA competitive banking sector by lowering interest rates margin provides easier access to finance to both households and small and medium enterprises (SMEs).Originality/valueThis is the only study that addresses the misspecification of the P–R model while assessing competition in Indian banking and provides a thorough understanding of the role of concentration on bank competition.
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Cortez Cortez, Gaby. "Competencia Monopolística y Márgenes Bancarios en el Perú: 1995-2005." Pensamiento Crítico 8 (September 8, 2014): 115. http://dx.doi.org/10.15381/pc.v8i0.9155.

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Los resultados encontrados para medir la competencia en el mercado bancario peruano a través del cálculo del H estadístico de Panzar & Rosse, sugieren la presencia de un mercado de competencia monopolística, que ha disminuido su nivel de competitividad en los cinco últimos años; lo que de alguna manera ha producido un efecto en el aumento de los márgenes promedio de la banca durante los cuatro últimos años, el que ha sido atenuado por la competencia de los bancos extranjeros.
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Fatine, Filali Adib, Firano Zakaria, and Afifa Hakam. "Evaluation of banking competition in Morocco: implementation of Panzar and Rosse model." International Journal of Economic Policy in Emerging Economies 8, no. 3 (2015): 245. http://dx.doi.org/10.1504/ijepee.2015.072352.

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20

Liu, Bingsheng, Xueqing Wang, Yuan Chen, and Yinghua Shen. "Market structure of China’s construction industry based on the Panzar–Rosse model." Construction Management and Economics 31, no. 7 (July 2013): 731–45. http://dx.doi.org/10.1080/01446193.2013.817679.

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Arteaga García, Julio César, and ´Óscar Iván Almendárez Carreón. "Medición del grado de competencia en el mercado de Afores: la aplicación del enfoque no paramétrico de la NOIE." Revista de Economía, Facultad de Economía, Universidad Autónoma de Yucatán 37, no. 95 (August 27, 2020): 30–49. http://dx.doi.org/10.33937/reveco.2020.145.

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Este trabajo estudia la competencia entre las Administradoras de Fondos para el Retiro de México. Para tal efecto, se utiliza la metodología del enfoque no paramétrico de la Nueva Organización Industrial Empírica propuesto por Panzar y Rosse (1987) para estimar el grado de competencia entre estas empresas. Se utiliza información financiera anual disponible en la Comisión Nacional del Sistema de Ahorro para el Retiro para el periodo 2012 – 2018. Los resultados indican que, en ese periodo, la industria (1) podría haberse comportado como un cartel y (2) está en equilibrio de largo plazo.
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Mahmodpour, Kamran, Mohammad N. Shahiki Tash, and Mohammad Hassan Fotros. "The Effect of Economies of Scope on Iranian Banking Sector Structure: An Application of Multi-Product Function and Multi-Level Effect Approaches." Scientific Annals of Economics and Business 65, no. 4 (December 1, 2018): 459–75. http://dx.doi.org/10.2478/saeb-2018-0016.

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Abstract This paper investigates, using a multi-product paradigm, the market structure of the Iranian banking sector to evaluate the role of scale. In so doing, we checked for economies of scope by multi-product cost function as well as the impact of potential economies on the banking sector structure including 18 banks during the period 2008–2014. The changes in Panzar-Rosse H-Statistic as a result of the variety in products reflect changes in the monopolistic power. The results show that an increase in the variety of offered products increases banks’ monopolistic power.
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Abel, Sanderson, and Pierre Le Roux. "An application of Panzar-Rosse Approach in assessing banking sector competition in Zimbabwe." Journal of Economic and Financial Sciences 9, no. 2 (December 18, 2017): 455–70. http://dx.doi.org/10.4102/jef.v9i2.52.

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This paper assesses the level of competition in Zimbabwe’s banking sector using the Panzar-Rosse H-statistic. The H-Statistic has been assessed, using the total revenues regression equation, and applying the panel least square regression model with fixed effects. The H-statistics is estimated at 0.56, which result is confirmed, using bank random effects and the General methods of moments. The H-statics obtained from the two methods are 0.54 and 0.51 for the random effect and generalised methods of moments, respectively. The results confirm the presence of monopolistic competition. On an annual basis, the results show that the Zimbabwean banking sector is evolving towards perfect competition. There is need for the government to desist from tampering with market forces as this reduces the amount of competition. This study is important, as there are limited studies on the competition of the banking sector in dollarized economies. Dollarized economies are peculiar in that their characteristics differ from non-dollarized economies.
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Świtała, Filip, Małgorzata Olszak, and Iwona Kowalska. "Competition between commercial banks in Poland – an analysis of Panzar-Rosse H-statistics." Problemy Zarzadzania 12, no. 48 (November 15, 2014): 64–92. http://dx.doi.org/10.7172/1644-9584.48.4.

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25

Sergeeva, V. V. "Assessing Competition on the Russian University Market Using a Modified Panzar-Rosse Model." Russian Education & Society 58, no. 1 (January 2, 2016): 12–29. http://dx.doi.org/10.1080/10609393.2016.1205919.

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26

Gischer, Horst, and Mike Stiele. "Competition Tests with a Non-Structural Model: the Panzar–Rosse Method Applied to Germany’s Savings Banks." German Economic Review 10, no. 1 (February 1, 2009): 50–70. http://dx.doi.org/10.1111/j.1468-0475.2008.00441.x.

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Abstract In this paper we adopt the Panzar-Rosse approach to assess the competitive conditions in the German banking market for the period from 1993 to 2002.We suggest several improvements to the empirical application of the approach and show that frequently used empirical models that apply price rather than revenue functions lead to biased results. Using disaggregated annual data from more than 400 savings banks (Sparkassen) the empirical findings indicate monopolistic competition, the cases of monopoly and perfect competition are strongly rejected. Furthermore, small banks seem to enjoy even more market power than larger institutions.
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Bari, Ahmed Ait, and Adam Abidar. "La Nature Concurrentielle de l'Industrie Bancaire Marocaine (2006 - 15) : Application du Modele Panzar and Rosse = The Competitive Nature of Moroccan Banking Industry (2006 - 15) : Application of the Panzar and Rosse Model." Finance and Finance Internationale, no. 7 (January 2017): 1–15. http://dx.doi.org/10.12816/0040498.

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28

Muzzupappa, Eleonora, Leone Leonida, and Michele Limosani. "Failure of capital requirements regulation in the banking industry: evidence from a bank-based financial system." Journal of Public Finance and Public Choice 35, no. 1 (April 1, 2020): 63–79. http://dx.doi.org/10.1332/251569120x15822103468603.

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This article studies the impact of Basel I and Basel II regulation in a bank-based financial system on the degree of competition in the banking sector, as measured via the Panzar and Rosse statistic. Strikingly, our results suggest that, contrary to the regulator’s expectation, stability-oriented regulation reduces competition in the banking sector. Further analysis suggests that while Basel does not have a significant impact on the large banks, it reduces competition among other banks, which move towards uncompetitive dynamics. This shift towards monopoly is aligned with the hypothesis of this regulation to create competitive advantages for large banks at the expense of the others.
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Didenko, Iryna, and Serhii Bohma. "RESEARCH OF COMPETITION IN DEPOSIT MARKET OF UKRAINE BASED ON THE PANZAR-ROSSE MODEL." Baltic Journal of Economic Studies 2, no. 2 (2016): 48–54. http://dx.doi.org/10.30525/2256-0742/2016-2-2-48-54.

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Octrina, Fajra, and Rike Setiawati. "Competitiveness of Indonesian banking industry based on commercial bank business group: Panzar Rosse Model." Jurnal Perspektif Pembiayaan dan Pembangunan Daerah 7, no. 1 (August 31, 2019): 37–48. http://dx.doi.org/10.22437/ppd.v7i1.7475.

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The present research was aimed to investigating the competitiveness in Indonesian banking sector during the period of 2005 to 2016, to set the limit of the scope of the study a total sample is 84 banks. This research was conducted by grouping banks based on ownership and based on BUKU (General Bank based on Business Activities). The study also aimed to analyze the banking competitiveness based on classification of banks and groups of capital ownership. The study was conducted by evaluating the value of H-statistic for the research model comprising of three input variables, namely funds, labors and capital. The results of the research show that the market of banking industry in Indonesia is classified as monopolistic competition. The limitation of this study is that this study only looks at the competition variable, and has not seen its relationship with other variables. In subsequent studies, it is expected to conduct research related to competition and relate it to other variables, such as market share or level of market concentration.
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Mustafa, Arben, and Valentin Toçi. "ESTIMATION OF THE BANKING SECTOR COMPETITION IN THE CEE COUNTRIES: THE PANZAR-ROSSE APPROACH." Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu / Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business 35, no. 2 (December 22, 2017): 459–85. http://dx.doi.org/10.18045/zbefri.2017.2.459.

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32

Abdelkader, Ines Ben, and Faysal Mansouri. "Competitive Conditions of the Tunisian Banking Industry: An Application of the Panzar-Rosse Model." African Development Review 25, no. 4 (December 2013): 526–36. http://dx.doi.org/10.1111/1467-8268.12047.

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33

Choi, Sungho. "Competition in the Life Insurance Market: Evidence from Korea using the Panzar - Rosse Model." Journal of the Korea Convergence Society 7, no. 5 (October 31, 2016): 201–11. http://dx.doi.org/10.15207/jkcs.2016.7.5.201.

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34

Bikker, Jacob A., Sherrill Shaffer, and Laura Spierdijk. "Assessing Competition with the Panzar-Rosse Model: The Role of Scale, Costs, and Equilibrium." Review of Economics and Statistics 94, no. 4 (November 2012): 1025–44. http://dx.doi.org/10.1162/rest_a_00210.

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35

Neumann, Manfred. "Comment on ‘Competition Tests with a Non-Structural Model: The Panzar–Rosse Method Applied to Germany’s Savings Banks’." German Economic Review 12, no. 2 (May 1, 2011): 239–41. http://dx.doi.org/10.1111/j.1468-0475.2010.00524.x.

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Abstract In a recent issue of this journal Gischer and Stiele (2009) applied the ‘Test for ‘‘Monopoly’’ Equilibrium’ advanced by Panzar and Rosse (1987) to German savings banks and came up with the claim that savings banks maximize profits under conditions of monopolistic competition in the meaning of Edward Chamberlin. Their proposition is not conclusive since it would require free entry and for savings banks to operate under increasing returns to scale. Available evidence, however, shows them being subject to constant or decreasing returns to scale. The empirical findings of Gischer and Stiele can more convincingly be explained by assuming savings banks abide by their legal goals to pursue the public interest.
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36

Mensi, Sami. "Measurement of competitiveness degree in Tunisian deposit banks: An application of the Panzar and Rosse model." Panoeconomicus 57, no. 2 (2010): 189–207. http://dx.doi.org/10.2298/pan1002189m.

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This paper explores the use of the Panzar-Rosse statistic as a basis for empirical assessment of competitive conditions among Tunisian deposit banks. The elaborated model has been tested with an interest revenues equation and a total revenues equation. Proceeding by means of an Ordinary Least Square analysis, the H-statistics is respectively estimated at 0.87 and 0.91. The computations undertaken using bank fixed effects and bank random effects General Least Square methods yield similar results. With reference to the reviewed literature, we are inclined to believe that Tunisian banks implement neither a joint monopoly nor a collusive competition context, and that they evolve within an oligopolistic competition context in a contestable market. Thus, it confirms the presence of a competitive environment.
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37

Nguyen Thanh, Phong. "Competitiveness of Vietnam’s Financial Institutions in the Global Financial Market: The case of Vietnam’s Commercial Banks." Journal of Asian Business and Economic Studies 23, no. 01 (January 1, 2016): 77–101. http://dx.doi.org/10.24311/jabes/2016.23.1.03.

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Using panel data collected from financial statements of 28 commercial banks in Vietnam, this paper investigates their competitiveness through an analysis of such a few elements as bank size, technological level, human resources quality, and managerial level. For a more objective evaluation the paper employs the Panzar–Rosse (P–R) model along with the use of some common econometrical techniques like Pooled OLS, FEM, REM, GLS, and H-statistic. The results show that the overall competitiveness of these banks is higher, compared to the pre-crisis period of 2008–2009. The monopolistic competition among them are also found, together with certain improvements in bank competitiveness, observed through increased bank size, enhanced human resources quality, better technological advances, and higher levels of managerial skills in compliance with international standards.
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38

Shinkoda, Marcelo Henrique, and Marcelo José Braga. "As políticas macroprudenciais e a concorrência bancária entre 2009 e 2016." Economia Aplicada 23, no. 3 (September 1, 2019): 83–112. http://dx.doi.org/10.11606/1980-5330/ea146483.

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O objetivo deste trabalho foi analisar se as políticas macroprudenciais/concorrenciais editadas entre 2009 e 2016 afetaram direta ou indiretamente a conduta concorrencial das instituições financeiras. Para isso, utilizou-se a estatística H de Panzar e Rosse. Os dados foram constituídos por um painel com 44 instituições bancárias que atuaram no Brasil no período. Os resultados indicaram que a conduta das instituições financeiras foi, entre 2009 e 2013, de um monopólio, passando a uma conduta neutra entre 2014 e 2015 e, a partir de então, uma concorrência monopolística. Concluiu-se que a política de portabilidade do crédito (editada em dezembro de 2013) foi a que teve impacto de neutralidade sobre a competição das instituições financeiras, enquanto que a exigibilidade de Basileia III a partir de 2015 efetivou a conduta competitiva do setor.
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39

Sergeeva, Vladlena. "Assessment of Competition Level in the Market of Russian Universities Using a Modified Panzar-Rosse Model." Voprosy Obrazovaniya/ Educational Studies. Moscow, no. 3 (2015): 230–45. http://dx.doi.org/10.17323/1814-9545-2015-3-230-245.

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40

Divino, José Angelo, and Renan Said Silva. "Banking competition in the Brazilian economy." Nova Economia 27, no. 3 (December 2017): 393–419. http://dx.doi.org/10.1590/0103-6351/3094.

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Abstract: This paper applies the Panzar-Rosse model to assess the level of competition in the Brazilian banking sector. The sample covers 62 banks in the period from July 1994 to February 2012. Special attention is paid to the presence of scale variables in the regression, the existence of seasonal components in the financial time series, and the normalization of the price of banking inputs. The inclusion of scale variables in the model and the presence of seasonality in the data tend to erroneously indicate a competitive market structure. Contrary to the literature, in the seasonally-adjusted model without scale variables, the H-statistics indicates that banks in general and specific subgroups are non-competitive in the market. While large banks have high market power, public banks have intermediary market power, compatible with the various kinds of political interference in their management decisions.
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41

Lucinda, Claudio R. "Competition in the Brazilian loan market: an empirical analysis." Estudos Econômicos (São Paulo) 40, no. 4 (December 2010): 831–58. http://dx.doi.org/10.1590/s0101-41612010000400004.

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The aim of this paper is to review some of the existing tests for competition in Brazilian banking, as well as to propose an alternative. After the description of the institutional setting of the Brazilian Banking system on this period, the competition tests on the literature were reviewed, beginning with the test proposed by Panzar and Rosse (1987). The market does not seem to be in long-run equilibrium, implying only the market does not seem to find itself in collusive outcome. The next step was to try a new methodology, applied by Moreno, Martínez and Ruiz (2006) for the Spanish banking market. On this methodology, in which the assumption of equality of conduct parameters between firms and time periods is relaxed, the results indicate that, for some firms and in some time periods, a cooperative conduct in fact is present.
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42

Fischer, Thorsten, and David R. Kamerschen. "Measuring Competition in the U.S. Airline Industry Using the Rosse-Panzar Test and Cross-Sectional Regression Analyses." Journal of Applied Economics 6, no. 1 (May 2003): 73–93. http://dx.doi.org/10.1080/15140326.2003.12040586.

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43

Kuzucu, Serpil. "Concentration and Competition in Turkish Banking Industry: The Evidence from 2000 to 2012." International Journal of Finance & Banking Studies (2147-4486) 4, no. 3 (January 21, 2016): 1. http://dx.doi.org/10.20525/.v4i3.220.

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<p><em>Banking industry worldwide has been transformed due to globalization, financial liberalization, technological developments, government policies, deregulation of financial services, financial crises and increase in mergers and acquisitions since 1980. With these changes, there is a trend towards decrease in the number of banks and increase in banking concentration. Increase in banking concentration might affect competition conditions in banking industry. The decrease in the number of banks and the increase in banking concentration dominate the Turkish banking industry after the banking crises in 2000 and 2001. This paper examines the relationship between concentration and competition in Turkish banking industry. I measure the size of banking concentration by concentration ratios and Herfindahl-Hirschman index with the data of commercial deposit banks in Turkey from 2000 to 2012. Competition degree is measured by using Panzar Rosse model. The results of the study suggest that there is no permanent relation between banking concentration and competition in Turkish banks.</em></p>
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44

Mustafa, Arben, and Valentin Toçi. "The Impact of Banking Sector Competition on Banks’ Risk-Taking in Transition Economies of Central and South-Eastern Europe." South East European Journal of Economics and Business 13, no. 1 (June 1, 2018): 31–42. http://dx.doi.org/10.2478/jeb-2018-0004.

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Abstract This paper uses the Panzar-Rosse H-statistic to provide empirical evidence on the impact of competitive behaviour of banks on risk-taking, using the Fixed Effects Vector Decomposition Method on panel data of banks in 15 Central and South-Eastern Europe countries during the period 1999-2009. The findings suggest that banking sector competition has had a negative impact on banks’ risk-taking implying that competition contributed to the improvement of the loan-portfolio quality. However, the results differ significantly when distinguishing between the EU and non-EU countries of the CESEE region. While for the EU countries the relationship between banking sector competition and risk-taking remains negative, this relationship is positive for the non-EU countries of the region, suggesting that an increase of competition in the non-EU countries may be detrimental for the stability of the banking sector in these countries. These results are robust to different model specifications and measures of competition
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Fahmi, Idqan, Arief Daryanto, Hermanto Siregar, and Harianto Harianto. "PROSEDUR UJI KEPATUHAN TERHADAP PRINSIP BERSAING ISLAMI PADA INDUSTRI PERBANKAN SYARIAH: SEBUAH PROPOSAL BERDASARKAN TEORI DAN KAJIAN EMPIRIS ORGANISASI INDUSTRI." JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN 1, no. 1 (February 4, 2018): 43–61. http://dx.doi.org/10.29244/jekp.1.1.43-61.

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An industry in Islamic Economics is required to compete perfectly regardless of its market structure. How to ensure this rule being implemented in reality, however, has been neglected either in literatures or by industry supervisors. This paper is aimed at proposing a systematic procedure to test the industry compliance toward islamic competition rules. The advance of theory and empirics of New Empirical Industrial Organization is used to formulate the procedure. There are two conditions to satisfy for an industry to have an islamic competition. The first and necessary condition is rejecting the Traditional Hypothesis which is based on collutive bahaviour of dominant banks. The second and sufficient condition is, the perfect competition is driven more by the intention of syariah compliance rather than due to the pressure of contestability. Keywords: SCP Paradigm, Perfect Competition, Contestable Market, Traditional Hypothesis, New Empirical Industrial Organization, Islamic Competition, Structural Approach, Nonstructural Approach, Panzar and Rosse Model
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46

Fahmi, Idqan, Arief Daryanto, Hermanto Siregar, and Harianto Harianto. "PROSEDUR UJI KEPATUHAN TERHADAP PRINSIP BERSAING ISLAMI PADA INDUSTRI PERBANKAN SYARIAH: SEBUAH PROPOSAL BERDASARKAN TEORI DAN KAJIAN EMPIRIS ORGANISASI INDUSTRI." JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN 1, no. 1 (February 4, 2018): 43–61. http://dx.doi.org/10.29244/jekp.1.1.2012.43-61.

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An industry in Islamic Economics is required to compete perfectly regardless of its market structure. How to ensure this rule being implemented in reality, however, has been neglected either in literatures or by industry supervisors. This paper is aimed at proposing a systematic procedure to test the industry compliance toward islamic competition rules. The advance of theory and empirics of New Empirical Industrial Organization is used to formulate the procedure. There are two conditions to satisfy for an industry to have an islamic competition. The first and necessary condition is rejecting the Traditional Hypothesis which is based on collutive bahaviour of dominant banks. The second and sufficient condition is, the perfect competition is driven more by the intention of syariah compliance rather than due to the pressure of contestability. Keywords: SCP Paradigm, Perfect Competition, Contestable Market, Traditional Hypothesis, New Empirical Industrial Organization, Islamic Competition, Structural Approach, Nonstructural Approach, Panzar and Rosse Model
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47

Antwi, George Owusu, Rachna Banerjee, Amal Abeer Mohammed, and Mariam Juma Muna-Habib. "The Degree of Competition in the UAE Banking Industry." International Finance and Banking 4, no. 2 (July 17, 2017): 1. http://dx.doi.org/10.5296/ifb.v4i2.11593.

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This paper has made an attempt to assess the degree of competition (or market structure) in the UAE banking sector using the H-statistics established by Panzar-Rosse (1987). Data of six years (2009-2015) have been extracted from various balance sheet and income statements of the banks. Pooled OSL estimator was used to obtain the coefficient. The inputs prices were found to be significant except the input price of labor. Total asset was registered to be positively significant. All other variables were not significant. The results of the study reveal that the UAE banking market structure is characterized by the monopolistic competition. That is, banks earned their revenue as if operating under conditions of monopolistic competition during this period. A robust check was performed to test for validity of PR-model. The results yield E-statistic which is consistent with long-run equilibrium. It is believed that both the small and the larger banks operate relatively equal more in a competitive environment. We recommend that UAE should develop new financial products and services that will provide convenience to customers while improving profitability.
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48

Camino-Mogro, Segundo, and Grace Armijos-Bravo. "Evaluación de la competencia en el sector de la banca privada en Ecuador: un enfoque econométrico con el modelo Panzar-Rosse." Cuadernos de Economía 41, no. 117 (October 29, 2018): 225–40. http://dx.doi.org/10.32826/cude.v41i117.75.

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Este documento evalúa empíricamente las condiciones de competencia en el sector de la banca privada en Ecuador de 2000 a 2015. Primero, medimos la competencia en el sector de la banca privada, utilizando el estadístico H de Panzar-Rosse por la ecuación de ingresos totales; aplicamos POLS, efectos fijos de año, efectos fijos de bancos y efectos aleatorios. En segundo lugar, determinamos si hay equilibrio a largo plazo en este sector mediante la ecuación de regresión del ROA y, finalmente, buscamos identificar evidencia de economías de escala en el sector de la banca privada. En este camino, analizamos tres paneles diferentes, 2000 - 2015, 2000 - 2006 y 2007 - 2015. Los principales resultados indican que los bancos privados en Ecuador operan bajo competencia monopólica. Además, esta competencia aumentó durante el período 2007 - 2015; otro resultado muestra que no hay equilibrio a largo plazo para este sector. Finalmente, no hay economías de escala, por lo tanto, podemos argumentar que los bancos pequeños no operan con desventajas en comparación con los bancos medianos y grandes..
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49

Al Maamari, Amira. "Measuring Competition in Banking Sector in Oman." International Journal of Research in Entrepreneurship & Business Studies 1, no. 2 (October 11, 2020): 34–43. http://dx.doi.org/10.47259/ijrebs.124.

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Purpose of the study: The purpose of the study was to investigate and measure the competitive environment in the banking sector in Oman. Design/Methodology/Approach: This study considered an effort towards measuring the nature of competition of 12 out of 16 Omani banks from 2009 to 2019 over applying Panzar and Rosse (PR-model). It measured the competition index, called H-statistic, as it gives a quantitative assessment of the competitive nature of the studied market. The non-structural model was adopted to measure the competitive behavior of the banking sector. The data was taken from Muscat Securities Market (MSM) over obtaining financial statements of banks and data was tested using the Statistical Package for Social Sciences (SPSS). Findings: The result showed that it was not able to reject the monopolistic competition that H value considered between values of zero and one for the banking market in Oman. Thus, Omani banks operate under monopolistic competition. Practical Implications: The study has interesting policy implications. It is recommended to encourage foreign banks' presence to enhance the competitive condition of the banking sector thus making sure the exit and the entrance of banks in the industry to raise the competition. Social Implications: The flexibility in the competitive condition of the banking sector will lead to an increased competition so this will produce a variety of services and products to improve the banks’ performance and customer satisfaction. Originality/value: This is the first study of its kind in studying and testing the competitive environment for the banking sector in Oman using the PR-model. Keywords: Banking Competition in Oman, Monopolistic Competition, Market Equilibrium, Market contestability, Pazan and Rosse (PR model)
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Cortez Cortez, Gaby. "Competencia y Eficiencia en el Sector Bancario en el Perú 1990-2005." Pensamiento Crítico 6 (September 8, 2014): 097. http://dx.doi.org/10.15381/pc.v6i0.9284.

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El sector bancario peruano ha experimentado cambios estructurales significativos a comienzos de los ar1os noventa, pasando por un proceso de reformas, privatizaciones, y de apertura al ingreso de nuevos bancos extranjeros.Es importante señalar que los bancos en el Perú constituyen la fuente primordial de financiamiento de las empresas y familias. por lo que es relevante analizar la estructura de mercado, la competencia y la eficiencia del sector bancario en el periodo 1990-2005.Asimismo, es necesario indicar que se toma en cuenta los planteamientos de King y Levine (1993), en el sentido de que los bancos no intermedian recursos de manera pasiva, sino que evalúan a los prestatarios y asignan crédito a los mejores proyectos presentados por las empresas y familias; y por lo tanto determinan lo que se produce, e influyen en el desarrollo económico de un país, por lo que su comportamiento y competitividad es necesario analizar. Para el análisis de la competencia de la banca peruana se empleará datos de panel y se usará el modelo de Panzar & Rosse, sugiriendo los resultados la presencia de ciertos comportamientos no competitivos en este sector.
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