Competitive Condition of Sub-Saharan Africa Commercial Banks

Abdelkader, I. B. and Mansouri, F. (2013). Competitive conditions of the Tunisian banking industry: An application of the Panzar–Rosse model. African Development Review, 25(4):526–536.10.1111/1467-8268.12047Open DOISearch in Google Scholar

Aboagye, A. Q., Akoena, S., Antwi-Asare, T., and Gockel, A. (2008). Explaining interest rate spreads in Ghana*. African Development Review, 20(3):378–399.Search in Google Scholar

Agoraki, M.-E. K., Delis, M. D., and Pasiouras, F. (2011). Regulations, competition and bank risk-taking in transition countries. Journal of Financial Stability, 7(1):38–48.Search in Google Scholar

Ahokpossi, C. (2013). Determinants of bank interest margins in Sub-Saharan Africa.10.2139/ssrn.2222498Search in Google Scholar

Ajisafe, R. A. and Akinlo, A. E. (2013). Testing for competition in the Nigerian commercial banking sector.10.4236/me.2013.47054Open DOISearch in Google Scholar

Allen, F., Otchere, I., and Senbet, L. W. (2011). African financial systems: A review. Review of Development Finance, 1(2):79–113.Search in Google Scholar

Amidu, M. (2013). The effects of the structure of banking market and funding strategy on risk and return. International Review of Financial Analysis, 28:143–155.Search in Google Scholar

Arellano, M. and Bond, S. (1991). Some tests of specification for panel data: Monte carlo evidence and an application to employment equations. The review of economic studies, 58(2):277–297.Search in Google Scholar

Arellano, M. and Bover, O. (1995). Another look at the instrumental variable estimation of error-components models. Journal of Econometrics, 68(1):29–51.Search in Google Scholar

Ariss, R. T. (2010). On the implications of market power in banking: Evidence from developing countries. Journal of Banking & Finance, 34(4):765–775.10.1016/j.jbankfin.2009.09.004Open DOISearch in Google Scholar

Baumol, W. J., Panzar, J. C., Willig, R. D., Bailey, E. E., Fischer, D., and Fischer, D. (1982). Contestable markets and the theory of industry structure. The Canadian Journal of Economics, 15(4), 774. doi:10.2307/13492810.2307/134928Open DOISearch in Google Scholar

Beck, T., De Jonghe, O., and Schepens, G. (2013). Bank competition and stability: cross-country heterogeneity. Journal of Financial Intermediation, 22(2):218–244.10.1016/j.jfi.2012.07.001Open DOISearch in Google Scholar

Berg, S. A. and Kim, M. (1994). Oligopolistic interdependence and the structure of production in banking: an empirical evaluation. Journal of Money, Credit and Banking, 26(2):309–322.10.2307/2077911Open DOISearch in Google Scholar

Berger, A. N., Klapper, L. F., and Turk-Ariss, R. (2009). Bank competition and financial stability. Journal of Financial Services Research, 35(2):99–118.10.1007/s10693-008-0050-7Open DOISearch in Google Scholar

Bikker, J. A. and Haaf, K. (2002). Competition, concentration and their relationship: An empirical analysis of the banking industry. Journal of Banking & Finance, 26(11):2191–2214.10.1016/S0378-4266(02)00205-4Open DOISearch in Google Scholar

Boone, J. (2008a). Competition: Theoretical parameterizations and empirical measures. Journal of Institutional and Theoretical Economics JITE, 164(4):587–611.10.1628/093245608786534640Search in Google Scholar

Boone, J. (2008b). A new way to measure competition. The Economic Journal, 118(531):1245–1261.10.1111/j.1468-0297.2008.02168.xSearch in Google Scholar

Bresnahan, T. F. (1982). The oligopoly solution concept is identified. Economics Letters, 10(1):87–92.10.1016/0165-1765(82)90121-5Open DOISearch in Google Scholar

Carbó, S., Humphrey, D., Maudos, J., and Molyneux, P. (2009). Cross-country comparisons of competition and pricing power in European banking. Journal of International Money and Finance, 28(1):115–134.10.1016/j.jimonfin.2008.06.005Open DOISearch in Google Scholar

Casu, B. and Girardone, C. (2006). Bank competition, concentration and efficiency in the single European market. The Manchester School, 74(4):441–468.10.1111/j.1467-9957.2006.00503.xOpen DOISearch in Google Scholar

Casu, B., Girardone, C., and Molyneux, P. (2015). Introduction to banking, volume 10. Pearson Education.Search in Google Scholar

Chirwa, E. W. (2003). Determinants of commercial banks’ profitability in Malawi: A cointegration approach. Applied Financial Economics, 13(8):565–571.Search in Google Scholar

Claessens, S. and Laeven, L. (2004). What drives bank competition? Some international evidence. Journal of Money, Credit and Banking, pages 563–583.10.1353/mcb.2004.0044Open DOISearch in Google Scholar

Clarke, G. R., Cull, R., and Peria, M. S. M. (2006). Foreign bank participation and access to credit across firms in developing countries. Journal of Comparative Economics, 34(4):774–795.10.1016/j.jce.2006.08.001Open DOISearch in Google Scholar

Coelli, T. and Rao, D. (1998). G. Battese (1998). An introduction to efficiency and productivity analysis. doi:10.1007/b13638110.1007/b136381Open DOISearch in Google Scholar

de Guevara, J. F. and Maudos, J. (2011). Banking competition and economic growth: Cross-country evidence. The European Journal of Finance, 17(8):739–764.Search in Google Scholar

De Guevara, J. F., Maudos, J., and Pérez, F. (2007). Integration and competition in the European financial markets. Journal of International Money and Finance, 26(1):26–45.10.1016/j.jimonfin.2006.10.008Open DOISearch in Google Scholar

Delis, M. D., Staikouras, K. C., and Varlagas, P. T. (2008). On the measurement of market power in the banking industry. Journal of Business Finance & Accounting, 35(7-8):1023–1047.10.1111/j.1468-5957.2008.02098.xOpen DOISearch in Google Scholar

Demsetz, H. (1973). Industry structure, market rivalry, and public policy. The Journal of Law & Economics, 16(1):1–9.Search in Google Scholar

Dietsch, M. (1993). Localisation et concurrence dans la banque. Revue économique, pages 779–790.Search in Google Scholar

Fernández, A. I. and González, F. (2005). How accounting and auditing systems can counteract risk-shifting of safety-nets in banking: Some international evidence. Journal of Financial Stability, 1(4):466–500.Search in Google Scholar

Flamini, V., Schumacher, M. L., and McDonald, M. C. A. (2009). The determinants of commercial bank profitability in Sub-Saharan Africa. Number 9-15. International Monetary Fund.10.5089/9781451871623.001Search in Google Scholar

Freixas, X., Rochet, J.-C., et al. (2008). Microeconomics of banking, volume 2. MIT press Cambridge, MA.Search in Google Scholar

Fu, X. M., Lin, Y. R., and Molyneux, P. (2014). Bank competition and financial stability in Asia Pacific. Journal of Banking & Finance, 38:64–77.Search in Google Scholar

Heffernan, S. (2005). Modern banking. John Wiley & Sons.Search in Google Scholar

Hussain, M. E. and Mustapha, N. (2010). Determinants of bank competition. SSRN Electronic Journal. doi:10.2139/ssrn.200474610.2139/ssrn.2004746Open DOISearch in Google Scholar

Iwata, G. (1974). Measurement of conjectural variations in oligopoly. Econometrica: Journal of the Econometric Society, pages 947–966.10.2307/1913800Open DOISearch in Google Scholar

Klein, M. A. (1971). A theory of the banking firm. Journal of Money, Credit and Banking, 3(2):205–218.10.2307/1991279Open DOISearch in Google Scholar

Kouki, I. and Al-Nasser, A. (2014). The implication of banking competition: evidence from African countries. Research in International Business and Finance.Search in Google Scholar

Lau, L. J. (1982). On identifying the degree of competitiveness from industry price and output data. Economics Letters, 10(1):93–99.10.1016/0165-1765(82)90122-7Open DOISearch in Google Scholar

Leon, F. (2015a). Measuring competition in banking: A critical review of methods. Retrieved from https://halshs.archives-ouvertes.fr/halshs-01015794.Search in Google Scholar

Leon, F. (2015b). What do we know about the role of bank competition in Africa? Retrieved from https://halshs.archives-ouvertes.fr/halshs-01164864Search in Google Scholar

Lerner, A. P. (1934). Economic theory and socialist economy. The Review of Economic Studies, 2(1):51–61.10.2307/2967550Open DOISearch in Google Scholar

Lin, C., Ma, Y., and Song, F. M. (2010). Bank competition, credit information sharing and banking efficiency. In Sixth Asia Pacific Economic Association Conference, Hong Kong.Search in Google Scholar

Liu, H., Molyneux, P., Wilson, J., et al. (2013). Competition in banking: Measurement and interpretation. Handbook of Research Methods and Applications in Empirical Finance, page 197.10.4337/9780857936097.00016Search in Google Scholar

Love, I. and Pería, M. S. M. (2014). How bank competition affects firms’ access to finance. The World Bank Economic Review, page lhu003.Search in Google Scholar

Maudos, J. and Solís, L. (2011). Deregulation, liberalization and consolidation of the Mexican banking system: Effects on competition. Journal of International Money and Finance, 30(2):337–353.10.1016/j.jimonfin.2010.07.006Open DOISearch in Google Scholar

Mlachila, M., Dykes, D., Zajc, S., Aithnard, P.-H., Beck, T., Ncube, M., and Nelvin, O. (2013). Banking in sub-Saharan Africa: Challenges and opportunities. Technical report, Regional Studies and Roundtables, European Investment Bank (EIB).Search in Google Scholar

Mlambo, K. and Ncube, M. (2011). Competition and efficiency in the banking sector in South Africa. African Development Review, 23(1):4–15.10.1111/j.1467-8268.2010.00268.xOpen DOISearch in Google Scholar

Molyneux, P., Lloyd-Williams, D. M., and Thornton, J. (1994). Competitive conditions in European banking. Journal of Banking & Finance, 18(3):445–459.10.1016/0378-4266(94)90003-5Open DOISearch in Google Scholar

Monti, M. (1972). Deposit, credit and interest rate determination under alternative bank objective function. North-Holland/American Elsevier.Search in Google Scholar

Mudd, S. (2013). Bank structure, relationship lending and small firm access to finance: A cross-country investigation. Journal of Financial Services Research, 44(2):149–174.10.1007/s10693-012-0140-4Open DOISearch in Google Scholar

Mueller, D. C. (1977). The persistence of profits above the norm. Economica, 44(176):369–380. Mueller, D. C. (1986). Profits in the long run. Cambridge University Press.Search in Google Scholar

Ningaye, P., Mathilde, M. Y., and Luc, N. N. (2014). Competition and banking efficiency in the cemac zone. International Journal of Economics and Finance, 6(6):127.Search in Google Scholar

Northcott, C. A. et al. (2004). Competition in banking: A review of the literature. Bank of Canada Working Paper.Search in Google Scholar

Panel, A. P. (2014a). Grain, Fish, Money: Financing Africa’s Green and Blue Revolutions. Africa Progress Panel.Search in Google Scholar

Panel, A. P. (2014b). Green fish money financing Africa’s green and blue revolution. Africa progress report.Search in Google Scholar

Panzar, J. C. and Rosse, J. N. (1977). Chamberlin versus Robinson: An empirical test for monopoly rents. Workshop on Applied Microeconomics, Industrial Organization, and Regulation, Department of Economics, Stanford Univ.Search in Google Scholar

Panzar, J. C. and Rosse, J. N. (1987). Testing for “monopoly” equilibrium. The Journal of Industrial Economics, pages 443–456.10.2307/2098582Open DOISearch in Google Scholar

Pasiouras, F., Delis, M. D., and Papanikolaou, N. I. (2009). Determinants of bank efficiency: evidence from a semi-parametric methodology. Managerial Finance, 35(3):260–275.10.1108/03074350910931771Open DOISearch in Google Scholar

Posner, R. A. (1979). The Chicago school of antitrust analysis. University of Pennsylvania Law Review, 127(4):925–948.Search in Google Scholar

Prasad, A. and Ghosh, S. (2005). Competition in Indian banking. Number 2005-2141. International Monetary Fund.10.2139/ssrn.888010Search in Google Scholar

Pruteanu-Podpiera, A., Weill, L., and Schobert, F. (2008). Banking competition and efficiency: A micro-data analysis on the Czech banking industry. Comparative Economic Studies, 50(2):253–273.Search in Google Scholar

Rice, T. and Strahan, P. E. (2010). Does credit competition affect small-firm finance? The Journal of Finance, 65(3):861–889.10.1111/j.1540-6261.2010.01555.xOpen DOISearch in Google Scholar

Rojas, C. (2011). Market power and the Lerner index: a classroom experiment. Journal of Industrial Organization Education, 5(1):1–19.10.2202/1935-5041.1033Open DOISearch in Google Scholar

Schaeck, K. and Cihák, M. (2014). Competition, efficiency, and stability in banking. Financial Management, 43(1):215–241.10.1111/fima.12010Open DOISearch in Google Scholar

Sealey, C. W. and Lindley, J. T. (1977). Inputs, outputs, and a theory of production and cost at depository financial institutions. The Journal of Finance, 32(4):1251–1266.10.1111/j.1540-6261.1977.tb03324.xOpen DOISearch in Google Scholar

Senbet, L. W. and Otchere, I. (2006). Financial sector reforms in Africa: perspectives on issues and policies. In Annual World Bank Conference on Development Economics 2006: Growth and Integration, pages 81–120.Search in Google Scholar

Shaffer, S. (2004). Comment on” what drives bank competition? some international evidence” by Stijn Claessens and Luc Laeven. Journal of Money, Credit and Banking, 36(3):585–592.10.1353/mcb.2004.0050Open DOISearch in Google Scholar

Shepherd, W. G. (1983). Economies of scale and monopoly profits. In Industrial Organization, Antitrust and Public Policy, pages 165–204. Springer.10.1007/978-94-017-1874-5_9Search in Google Scholar

Smirlock, M., Gilligan, T., and Marshall, W. (1986). Tobin’s q and the structure-performance relationship: reply. The American Economic Review, 76(5):1211–1213.Search in Google Scholar

Tan, Y. (2013). Essays on the analysis of performance and competitive condition in the Chinese banking industry. PhD thesis, University of Portsmouth.Search in Google Scholar

Wang, X., Zeng, X., and Zhang, Z. (2014). The influence of the market power of Chinese commercial banks on efficiency and stability. China Finance Review International, 4(4):307–325.Search in Google Scholar

Weill, L. (2013). Bank competition in the EU: How has it evolved? Journal of International Financial Markets, Institutions and Money, 26:100–112.10.1016/j.intfin.2013.05.005Search in Google Scholar