文章基本信息

标题：How does competition impact bank risk-taking
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作者：Gabriel Jiménez ; Jose A. Lopez ; Jesús Saurina 等
期刊名称：Documentos de Trabajo / Banco de España
印刷版ISSN：0213-2710
电子版ISSN：1579-8666
出版年度：2010
卷号：1
出版社：Banco de España
摘要：
A common assumption in the academic literature is that franchise value plays a key role in
limiting bank risk-taking. As market power is the primary source of franchise value, reduced
competition in banking markets has been seen as promoting banking stability. We test this
hypothesis using data for the Spanish banking system. We find that standard measures of
market concentration do not affect bank risk-taking. However, we find a negative relationship
between market power measured using Lerner indexes based on bank-specific interest rates
and bank risk. Our results support the franchise value paradigm.
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