Assessing competition in the banking industry: A multi-product approach q

This paper investigates the competitive aspects of multi-product banking operations. Extending Panzar and Rosse’s (1987) model to the case of a multi-product banking firm, we show that higher economies of scope in multi-product banking are associated with lower Panzar–Rosse measures of competition i...

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Detalhes bibliográficos
Autores: Barbosa, Klenio de Souza, Rocha, Bruno de Paula, Salazar, Fernando
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2015
País:Brasil
Recursos:Instituição de Ensino Superior e de Pesquisa (INSPER)
Repositorio:Repositório Institucional da INSPER
Idioma:inglés
OAI Identifier:oai:repositorio.insper.edu.br:11224/6315
Acesso em linha:https://repositorio.insper.edu.br/handle/11224/6315
http://dx.doi.org/10.1016/j.jbankfin.2014.05.003
Access Level:acceso abierto
Palavra-chave:Bank competition
Panzar and Rosse
Multi-product banks
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spelling Assessing competition in the banking industry: A multi-product approach qBank competitionPanzar and RosseMulti-product banksThis paper investigates the competitive aspects of multi-product banking operations. Extending Panzar and Rosse’s (1987) model to the case of a multi-product banking firm, we show that higher economies of scope in multi-product banking are associated with lower Panzar–Rosse measures of competition in the banking sector. To test this empirical implication and determine the impact of multi-production on market power, we use a new dataset on the Brazilian banking industry. Consistent with our theoretical prediction, we find that banks that offer classic banking products (i.e., loans and credit cards) and other banking products (i.e., brokerage services, insurance and capitalization bonds) have substantially higher market power than banks that offer only classic products. These results suggest a positive bias in the traditional estimates of competition in which multi-output actions are not considered.Elsevier2024-01-05T19:19:37Z2024-01-05T19:19:37Z2015info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleP. 340-362Digitalapplication/pdfapplication/pdf1872-63720378-4266https://repositorio.insper.edu.br/handle/11224/6315http://dx.doi.org/10.1016/j.jbankfin.2014.05.00350Journal of banking & financeNão InformadoO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.info:eu-repo/semantics/openAccessengreponame:Repositório Institucional da INSPERinstname:Instituição de Ensino Superior e de Pesquisa (INSPER)instacron:INSPERBarbosa, Klenio de SouzaRocha, Bruno de PaulaSalazar, FernandoBarbosa, Klenio de SouzaRocha, Bruno de PaulaSalazar, Fernando2025-08-19T18:57:25Zoai:repositorio.insper.edu.br:11224/6315Biblioteca Digital de Teses e Dissertaçõeshttps://www.insper.edu.br/biblioteca-telles/PRIhttps://repositorio.insper.edu.br/oai/requestbiblioteca@insper.edu.br || conteudobiblioteca@insper.edu.bropendoar:2025-08-19T18:57:25Repositório Institucional da INSPER - Instituição de Ensino Superior e de Pesquisa (INSPER)false
dc.title.none.fl_str_mv Assessing competition in the banking industry: A multi-product approach q
title Assessing competition in the banking industry: A multi-product approach q
spellingShingle Assessing competition in the banking industry: A multi-product approach q
Barbosa, Klenio de Souza
Bank competition
Panzar and Rosse
Multi-product banks
title_short Assessing competition in the banking industry: A multi-product approach q
title_full Assessing competition in the banking industry: A multi-product approach q
title_fullStr Assessing competition in the banking industry: A multi-product approach q
title_full_unstemmed Assessing competition in the banking industry: A multi-product approach q
title_sort Assessing competition in the banking industry: A multi-product approach q
dc.creator.none.fl_str_mv Barbosa, Klenio de Souza
Rocha, Bruno de Paula
Salazar, Fernando
Barbosa, Klenio de Souza
Rocha, Bruno de Paula
Salazar, Fernando
author Barbosa, Klenio de Souza
author_facet Barbosa, Klenio de Souza
Rocha, Bruno de Paula
Salazar, Fernando
author_role author
author2 Rocha, Bruno de Paula
Salazar, Fernando
author2_role author
author
dc.subject.por.fl_str_mv Bank competition
Panzar and Rosse
Multi-product banks
topic Bank competition
Panzar and Rosse
Multi-product banks
description This paper investigates the competitive aspects of multi-product banking operations. Extending Panzar and Rosse’s (1987) model to the case of a multi-product banking firm, we show that higher economies of scope in multi-product banking are associated with lower Panzar–Rosse measures of competition in the banking sector. To test this empirical implication and determine the impact of multi-production on market power, we use a new dataset on the Brazilian banking industry. Consistent with our theoretical prediction, we find that banks that offer classic banking products (i.e., loans and credit cards) and other banking products (i.e., brokerage services, insurance and capitalization bonds) have substantially higher market power than banks that offer only classic products. These results suggest a positive bias in the traditional estimates of competition in which multi-output actions are not considered.
publishDate 2015
dc.date.none.fl_str_mv 2015
2024-01-05T19:19:37Z
2024-01-05T19:19:37Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv 1872-6372
0378-4266
https://repositorio.insper.edu.br/handle/11224/6315
http://dx.doi.org/10.1016/j.jbankfin.2014.05.003
50
identifier_str_mv 1872-6372
0378-4266
50
url https://repositorio.insper.edu.br/handle/11224/6315
http://dx.doi.org/10.1016/j.jbankfin.2014.05.003
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Journal of banking & finance
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv P. 340-362
Digital
application/pdf
application/pdf
dc.coverage.none.fl_str_mv Não Informado
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositório Institucional da INSPER
instname:Instituição de Ensino Superior e de Pesquisa (INSPER)
instacron:INSPER
instname_str Instituição de Ensino Superior e de Pesquisa (INSPER)
instacron_str INSPER
institution INSPER
reponame_str Repositório Institucional da INSPER
collection Repositório Institucional da INSPER
repository.name.fl_str_mv Repositório Institucional da INSPER - Instituição de Ensino Superior e de Pesquisa (INSPER)
repository.mail.fl_str_mv biblioteca@insper.edu.br || conteudobiblioteca@insper.edu.br
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