2024-03-29T02:02:48Zhttps://repositori.uji.es/oai/requestoai:repositori.uji.es:10234/1508262024-02-29T09:57:56Zcom_10234_8643com_10234_9col_10234_8644
Repositori UJI
author
Färe, Rolf
author
Grosskopf, Shawna
author
Maudos, Joaquín
author
Tortosa-Ausina, Emili
2016-02-19T12:07:05Z
2016-02-19T12:07:05Z
2014-12
FÄRE, Rolf, et al. Revisiting the quiet life hypothesis in banking using nonparametric techniques. Journal of Business Economics and Management, 2015, 16.1: 159-187.
http://hdl.handle.net/10234/150826
10.3846/16111699.2012.726929
Early studies testing the quiet life hypothesis in banking found strong evidence that banks in more concentrated markets exhibit lower cost efficiency levels. More recent studies have reexamined the issue in different contexts, with mixed results. These approaches are based on stipulating a linear re- lationship between market power and efficiency in banking, which might be problematic, as suggested by the literature on efficiency analysis. We explore how bank cost efficiency measures are related to market power using flexible techniques, which are more consistent with those employed to measure efficiency in the first stage of the analysis. Our study focuses on the Spanish banking industry, which has been experiencing substantial change in the last few years, combining institutions with different ownership structures and business models. Results show that the relationship varies according to the level of market power, the component of efficiency evaluated (cost, technical or allocative) and the type of banking firm (commercial bank or savings bank), suggesting that the quiet life might be a reality only for some financial institutions.
eng
© 2015 Taylor & Francis
banking
efficiency,
market power
nonparametric regression
Revisiting the quiet life hypothesis in banking using nonparametric techniques
info:eu-repo/semantics/article
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