dc.contributor.author | Sharma, Parmendra | |
dc.contributor.author | Gounder, Neelesh | |
dc.contributor.editor | Akimov, Alexandr | |
dc.date.accessioned | 2020-01-16T08:05:01Z | |
dc.date.available | 2020-01-16T08:05:01Z | |
dc.date.issued | 2012 | |
dc.identifier.issn | 1836-8123 | |
dc.identifier.other | RePEc:gri:fpaper:finance:201206 | |
dc.identifier.uri | http://hdl.handle.net/10072/390318 | |
dc.description.abstract | This paper investigates the profitability determinants of deposit-taking institutions in Fiji, a representative South Pacific economy, over the 2000-2010 period. The study uses panel data techniques of fixed effects estimation and generalized method of moments (GMM) to purge time-invariant unobserved firm-specific effects and to mitigate potential endogeneity problems. Market power (measured by the Lerner Index) is a key determinant of profitability, which, inter alia, allows institutions to pass on to their clients the interest costs of raising deposit liabilities and the overall cost of operations; the association of both with profitability is positive and highly significant. Moreover, raising deposit liabilities and granting loan beyond a certain point may not be profitable for institutions. Policy implications are considerable, especially for the small, fragile, growth-challenged South Pacific island economies. | |
dc.format.extent | 20 pages | |
dc.language | English | |
dc.publisher | Griffith University | |
dc.publisher.place | Brisbane, Australia | |
dc.relation.ispartofpagefrom | 1 | |
dc.relation.ispartofpageto | 20 | |
dc.subject.keywords | G21 - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages | |
dc.subject.keywords | C23 - Single Equation Models; Single Variables: Models with Panel Data; Longitudinal Data; Spatial Time Series | |
dc.subject.keywords | deposit institutions | |
dc.subject.keywords | profitability determinants | |
dc.subject.keywords | Fiji | |
dc.subject.keywords | South Pacific | |
dc.subject.keywords | GMM | |
dc.title | 2012-06: Profitability determinants of deposit institutions in small, underdeveloped financial systems: the case of Fiji (Working paper) | |
dc.type | Report | |
dc.type.description | Discussion Paper | |
gro.faculty | Griffith Business School | |
gro.description.notepublic | Finance | |
gro.rights.copyright | Copyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s). | |
gro.date.issued | 2012 | |
gro.hasfulltext | Full Text | |
gro.griffith.author | Sharma, Parmendra P. | |
gro.griffith.author | Gounder, Neelesh NV. | |