Competition, concentration and risk taking in Banking sector of MENA countries

被引:72
|
作者
Otero Gonzalez, Luis [1 ]
Razia, Alaa [1 ]
Vivel Bua, Milagros [1 ]
Lado Sestayo, Ruben [2 ]
机构
[1] Univ Santiago de Compostela, Fac Econ, Dept Finance & Accounting, Avda Burgo de las Naciones, Santiago De Compostela 15704, Spain
[2] Univ A Coruna, Fac Econ, Dept Finance & Accounting, La Coruna, Spain
关键词
Banking; Competition; Risk taking; Emerging countries; Islamic banks; MARKET POWER; FINANCIAL STABILITY; CONVENTIONAL BANKS; ISLAMIC BANKS; PANEL-DATA; CRISIS; DIVERSIFICATION; INTERMEDIATION; ASIA;
D O I
10.1016/j.ribaf.2017.07.004
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
This paper tests the relationship between competition and bank stability for 356 banks operating in the Middle East North Africa (MENA) countries during the period 2005-2012. Our results show that for the overall sample, a U-shaped relationship between competition and banks' risk taking for MENA banks. The negative linear relationship between Z-Score and H-statistics in Gulf countries shows that an increase in competition leads to a reduction in the level of financial stability. In the case of other non-Gulf countries, the increase of competition in uncompetitive markets can lead to an increase in stability. The results confirm the importance of the market structure as an explanatory factor for financial stability, but also indicate that concentration is not associated with uncompetitive markets.
引用
收藏
页码:591 / 604
页数:14
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