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dc.contributor.authorSharma, P
dc.contributor.authorGounder, N
dc.contributor.authorXiang, D
dc.date.accessioned2017-05-03T14:34:25Z
dc.date.available2017-05-03T14:34:25Z
dc.date.issued2013
dc.identifier.issn0960-3107
dc.identifier.doi10.1080/09603107.2013.848026
dc.identifier.urihttp://hdl.handle.net/10072/56394
dc.description.abstractStudies on bank profitability vis-୶is market power and efficiency span a number of years, many countries, regions and methods. Yet, the experiences of the Pacific's small states - where foreign banks are widespread and bank profits relatively high - remain unknown, leaving policy-makers ill-informed regarding relevant policy development. This study fills a huge gap in literature by providing some evidence on the issue in a Pacific Island context. Two market power hypotheses - the structure-conduct-performance (SCP) and the relative market power (RMP) hypotheses together with two measures of the efficient structure (ES) hypothesis - X and scale efficiencies are estimated. The nonparametric data envelopment analysis (DEA) technique is used to estimate efficiency scores for banks in Fiji over the period 2000 to 2010 and the dynamic GMM to estimate the relationships between market power and efficiency vis-୶is profitability. Results show that the RMP and ES hypotheses might hold, but not the SCP. Profits appear to persist over time. Policy implications are considerable including that any suggestions to limit further mergers and acquisitions of banks in the region may have to be properly debated.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.format.extent201953 bytes
dc.format.mimetypeapplication/pdf
dc.languageEnglish
dc.language.isoeng
dc.publisherRoutledge
dc.publisher.placeUnited Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom1733
dc.relation.ispartofpageto1744
dc.relation.ispartofissue22
dc.relation.ispartofjournalApplied Financial Economics
dc.relation.ispartofvolume23
dc.rights.retentionY
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchFinancial economics
dc.subject.fieldofresearchBanking, finance and investment
dc.subject.fieldofresearchFinancial institutions (incl. banking)
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode380107
dc.subject.fieldofresearchcode3502
dc.subject.fieldofresearchcode350204
dc.titleForeign banks, profits, market power and efficiency in PICs: some evidence from Fiji
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© 2013 Taylor & Francis. This is an electronic version of an article published in Applied Financial Economics, Volume 23, Issue 22, 2013, Pages 1733-1744. Applied Financial Economics is available online at: http://www.tandfonline.com with the open URL of your article.
gro.date.issued2015-08-06T00:13:12Z
gro.hasfulltextFull Text
gro.griffith.authorSharma, Parmendra P.
gro.griffith.authorXiang, Dong


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