Earticle

초록

영어

This paper examines bank merger waves in Japan and their effect on competition in the Japanese commercial banking market for the period of 1983-2006. The H-statistic of the Panzar-Rosse model is estimated separately for three different time periods, the boom, the bubble burst and the recovery. This paper concludes that the bank mergers that took place in Japan have not led to a higher level of market power except for the period of financial crisis brought by the bubble burst. Recent mergers in the Japanese banking sector do not seem to harm the competition level in the banking market. Contrary to the decreasing trend of Chinese banks’ overall market concentration, the Japanese and Korean banking industries share commonality in their merger activities and market concentration trend, that is, an increase in bank mergers, creation of mega banks and an increase in overall market concentration. Even with a decrease in market concentration, the Chinese banking industry is still highly concentrated and its level of competition is close to oligopoly, whereas both the Japanese and Korean banking industries have a market structure of monopolistic competition. The city banks in Japan tend to be more competitive than its Korean counterpart while the Korean regional banks are more competitive than its Japanese counterpart.

목차

Abstract
 1. Introduction
 2. Banking System in Japan
 3. Financial Crisis in Japan
 4. Bank Merger Waves in Japan
 5. Bank Merger Waves in other Countries
 6. Survey of the Literature
 7. Model
 8. Empirical Analysis
 9. Comparison to the Korean and Chinese Experiences
 10. Summary
 References
 Table
 Figure

키워드

저자

• Kang H. Park [ Department of Economics and Finance Missouri State University USA ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  한국재무학회 학술대회

• 간기

  부정기

• 수록기간

  2006~2024

• 십진분류

  KDC 325 DDC 330