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Competition, efficiency and stability: An empirical study of East Asian commercial banks

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  • Phan, Hien Thu
  • Anwar, Sajid
  • Alexander, W. Robert J.
  • Phan, Hanh Thi My

Abstract

This paper examines the relationships between competition, efficiency and stability in the banking systems of four East Asian countries (China, Hong Kong, Malaysia and Vietnam) over 2004–2014. The results support the traditional competition–fragility view and suggest that an increase in competition may result in a decrease in stability. Similarly, credit risk, bank size and market concentration may positively affect bank stability. By contrast, banks with higher liquidity risk and revenue diversification may become less stable. Empirical analysis suggests that banking sector stability was adversely affected by the global financial crisis. Listed banks may be less stable than their non-listed peers. The macroeconomic environment (measured in terms of inflation and GDP growth) also affects bank stability. Additionally, some important policy implications with respect to improving bank stability are recommended.

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  • Phan, Hien Thu & Anwar, Sajid & Alexander, W. Robert J. & Phan, Hanh Thi My, 2019. "Competition, efficiency and stability: An empirical study of East Asian commercial banks," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
    • Handle: RePEc:eee:ecofin:v:50:y:2019:i:c:s1062940818305473
    DOI: 10.1016/j.najef.2019.100990
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    17. Mohamed Albaity & Ray Saadaoui Mallek & Hussein A. Hassan Al‐Tamimi & Abu Hanifa Md. Noman, 2021. "Does competition lead to financial stability or financial fragility for Islamic and conventional banks? Evidence from the GCC countries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4706-4722, July.
    18. Noman, Abu Hanifa Md. & Gee, Chan Sok & Isa, Che Ruhana, 2018. "Does bank regulation matter on the relationship between competition and financial stability? Evidence from Southeast Asian countries," Pacific-Basin Finance Journal, Elsevier, vol. 48(C), pages 144-161.
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