Bank Market Power and SME Financing Constraints*
نویسندگان
چکیده
منابع مشابه
Bank Performance: Market Power or Efficient Structure?
Regulatory change not seen since the Great Depression swept the U.S. banking industry beginning in the early 1980s, culminating with the Interstate Banking and Branching Efficiency Act of 1994. Significant consolidations have occurred in the banking industry. This paper considers the market-power versus the efficient-structure theories of the positive correlation between banking concentration a...
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The aim of this study is to provide an empirical methodology for the estimation of market power of individual banks. The new method employs the well-known model of Panzar and Rosse (1987) and proposes its estimation using the local regression technique. Thus, a number of restrictive assumptions regarding the properties of the production function of banks are relaxed, while the method proves suc...
متن کاملBank Financing in India∗
The Indian banking sector has been remarkably successful in some respects. Its immense size and enormous penetration in rural areas are exemplary among developing countries, as is its solid reputation for stability among depositors. The penetration in rural areas has been associated with a reduction of poverty and a diversification out of agriculture (Burgess and Pande, 2003). However in recent...
متن کاملImpact of Participants’ Market Power and Transmission Constraints on GenCos’ Nash Equilibrium Point
Unlike perfect competitive markets, in oligopoly electricity markets due to strategic producers and transmission constraints GenCos may increase their own profit through strategic biddings. This paper investigates the problem of developing optimal bidding strategies of GenCos considering participants’ market power and transmission constraints. The problem is modeled as a bi-level optimizati...
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ژورنال
عنوان ژورنال: Review of Finance
سال: 2009
ISSN: 1573-692X,1572-3097
DOI: 10.1093/rof/rfp003