文档介绍：Journal of Banking & Finance 31 (2007) 2025–2042
ate/jbf
Competitive conditions among the major
British banks
Kent Matthews a,*, Victor Murinde b, Tianshu Zhao c
a Cardiff Business School, Cardiff University, Aberconway Building, Colum Drive,
Cardiff CF10 3EU, United Kingdom
b Birmingham Business School, University of Birmingham, United Kingdom
c University of Reading and UCW Bangor, United Kingdom
Received 17 March 2006; accepted 23 November 2006
Available online 24 January 2007
Abstract
This paper reports an empirical assessment petitive conditions among the major British
banks, during a period of major structural change. Specifically, estimates of the Rosse–Panzar H-sta-
tistic are reported for a panel of 12 banks for the period 1980–2004. The sample banks correspond
closely to the major British banking groups specified by the British Banking Association. The robust-
ness of the results of the Rosse–Panzar methodology is tested by estimating the ratio of Lerner indi-
ces obtained from interest rate setting equations. The results confirm the consensus finding that
competition in British banking is most accurately characterised by the theoretical model of monop-
petition. There is evidence that the intensity petition in the core market for bank
lending remained approximately unchanged throughout the 1980s and 1990s. However, competition
appears to have e less intense in the non-core (off-balance sheet) business of British banks.
Ó 2007 Elsevier . All rights reserved.
JEL classification: G21; D43; C51
Keywords: Competitive conditions; British banking
* Corresponding author. Tel.: +44 2920 875855.
E-mail address: ******@ (K. Matthews).
0378-4266/$ - see front matter Ó 2007 Elsevier . All rights reserved.
doi:.
2026 K. Matthews et al. / Journal of Banking & Finance 31 (2007) 2025–2042
1. Introduction
British banking has been in a state of almost continuous evolution since peti-
tion