Relative power and efficiency as a main determinant of banks’ profitability in Latin America

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dc.contributor.authorGuillén, Jorge
dc.contributor.authorRengifo, Erick W., & Ozsoz, Emre
dc.date.accessioned2021-10-13T20:24:46Z
dc.date.available2021-10-13T20:24:46Z
dc.date.issued2014-02-22
dc.description.abstractDespite the financial sector liberalization and openness that started in the earlier 90's and significant macroeconomic development as well as increasing inflow of capital toward the region, there is not any evidence of the reduction of interest rates as well as banks' profits in Latin America. In this paper we develop a model to estimate the determinants of Latin American banks' profitability and, try to understand the reasons why banks are reluctant to decrease their interest rate spreads even when change in competitiveness in the financial system is improving. By using Data Envelopment Analysis to better exploit the information of several variables at the same time and, by employing a sample of 200 Banks located in Argentina, Bolivia, Brazil, Costa Rica, Ecuador, El Salvador, Mexico, Nicaragua, Paraguay, Peru, Uruguay and Venezuela; we find that banks' profits grew consistently above the normal levels of profits adjusted by risk. Our results show that banks in Latin America have been profiting from their oligopolistic position in detriment of their clients in particular and of their whole economy in general.en_EN
dc.formatapplication/pdf
dc.identifier.citationGuillén, J., Rengifo, E. W., & Ozsoz, E. (2014). Relative power and efficiency as a main determinant of banks’ profitability in Latin America. Borsa Istanbul Review, 14(2), 119–125. https://doi.org/10.1016/j.bir.2014.02.003
dc.identifier.doihttps://doi.org/10.1016/j.bir.2014.02.003
dc.identifier.urihttps://hdl.handle.net/20.500.12640/2531
dc.language.isoeng
dc.publisherElsevier
dc.publisherBorsa İstanbul Anonim Şirketi
dc.publisher.countryNL
dc.relation.ispartofurn:issn:2214-8450
dc.relation.urihttps://www.sciencedirect.com/science/article/pii/S2214845014000064/pdfft?md5=abab2af5fa7ff64eded30558da6fdec1&pid=1-s2.0-S2214845014000064-main.pdf
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rightsinfo:eu-repo/semantics/openAccess*
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectData Envelopment Analysisen_EN
dc.subjectLatin American banksen_EN
dc.subjectAnálisis envolvente de datoses_ES
dc.subjectBanks’ profitabilityen_EN
dc.subjectBancos latinoamericanoses_ES
dc.subjectRentabilidad de los bancoses_ES
dc.subjectMarket concentrationen_EN
dc.subjectConcentración del mercadoes_ES
dc.subject.ocdehttps://purl.org/pe-repo/ocde/ford#5.02.04
dc.titleRelative power and efficiency as a main determinant of banks’ profitability in Latin Americaen_EN
dc.typeinfo:eu-repo/semantics/article
dc.type.otherArtículo
dc.type.versioninfo:eu-repo/semantics/publishedVersion
local.author.orcidhttps://orcid.org/0000-0002-4511-2108
oaire.citation.endPage125
oaire.citation.issue2
oaire.citation.startPage119
oaire.citation.titleBorsa Istanbul Review
oaire.citation.volume14
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