Bibliographic citations
Lama, D., (2020). Impacto de la concentración bancaria en el margen de intermediación financiera en Perú. [Trabajo de investigación, Universidad Peruana de Ciencias Aplicadas (UPC)]. http://hdl.handle.net/10757/653591
Lama, D., Impacto de la concentración bancaria en el margen de intermediación financiera en Perú. [Trabajo de investigación]. PE: Universidad Peruana de Ciencias Aplicadas (UPC); 2020. http://hdl.handle.net/10757/653591
@misc{sunedu/4384411,
title = "Impacto de la concentración bancaria en el margen de intermediación financiera en Perú.",
author = "Lama Albarracin, Dante Luis",
publisher = "Universidad Peruana de Ciencias Aplicadas (UPC)",
year = "2020"
}
The impact of banking concentration on financial intermediation spread has been a widely researched topic over the world; however, this has not been the case for Peru. This research analyses the relationship between these two variables. For this, a theoretical framework is presented with the evolution of the Peruvian financial and banking system in addition to the presentation of previous literature and the theoretical model to be used. It is hypothesized that there is a positive and significant relationship between the margin and the concentration, thus fulfilling the Structure-Conduct Performance Paradigm proposed by Bain (1951) and not the Efficiency-Structure Hypothesis proposed by Demsetz (1973) and Peltzman (1977). After the econometric estimation, using Fixed Effects and Feasible Generalized Least Squares, a significant negative relationship is found between the variables studied, as well as the importance of other variables typical of banks and macroeconomic variables. The positive relationship found between operating efficiency and financial intermediation margin is important, as it is argued through the study of the Efficiency Hypothesis. Finally, the importance of the supervision of banks by the regulatory institution (SBS) and the incentive for free and fair competition within the financial system are discussed.
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