NDLI: Multimarket contact, market power and financial stability in the Turkish banking industry

Content Provider	Springer Nature Link
Author	Kasman, Saadet Kasman, Adnan
Copyright Year	2015
Abstract	This paper investigates the impact of multimarket contacts among the banks on market power and stability in the Turkish banking industry over the period 2002–2012. The Lerner index and Z-score are used as proxies for market power and bank stability, respectively. The results show that measures of multimarket contacts have increased during the sample period. The main results of the paper suggest that increases in the multimarket contacts among banks are positively related to individual bank stability, but negatively related to bank market power. The results further indicate that greater capitalization has positive impact on the bank stability. However, market concentration has positive and negative impact on bank stability and bank power, respectively. The cost inefficiency is negatively related to the Lerner index, suggesting that inefficient banks generate lower market power compared with efficient ones. The results also show that there is a nonlinear relationship between market power and multimarket contacts. The coefficient of quadratic term is always positive, suggesting that the relationship between market power and contact is a U-shaped form.
Starting Page	361
Ending Page	382
Page Count	22
File Format	PDF
ISSN	03777332
Journal	Empirical Economics
Volume Number	50
Issue Number	2
e-ISSN	14358921
Language	English
Publisher	Springer Berlin Heidelberg
Publisher Date	2015-02-07
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Multimarket contact Mutual forbearance Market power Stability Turkish banking Econometrics Statistics for Business/Economics/Mathematical Finance/Insurance Economic Theory/Quantitative Economics/Mathematical Methods
Content Type	Text
Resource Type	Article
Subject	Statistics and Probability Social Sciences Economics and Econometrics

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