Is it Worth Being Transparent? Evidence from the Russian Banking System

Irina Andrievskaya () and Mikhail Raschupkin ()
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Irina Andrievskaya: National Research University Higher School of Economics
Mikhail Raschupkin: National Research University Higher School

HSE Working papers from National Research University Higher School of Economics

Abstract: Information disclosure is considered as an important prerequisite for the efficient functioning of a financial system. Costs and benefits of information disclosure in the banking system have been extensively theoretically and empirically investigated. However, the effect of voluntary transparency on bank market power and market share is still empirically unexplored. Our paper fills this gap in the literature, examining two hundred of the largest Russian banks in the period 2004-2013. The findings confirm that voluntary transparency – absolute and relative - affects a bank’s market power and market shares. Moreover, this relation depends on the bank’s asset quality

Keywords: banking system; voluntary information disclosure; market power; Lerner index (search for similar items in EconPapers)
JEL-codes: D22 D80 G21 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2015
New Economics Papers: this item is included in nep-ban, nep-cis, nep-com and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in WP BRP Series: Financial Economics / FE, December 2015, pages - 28

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Persistent link: https://EconPapers.repec.org/RePEc:hig:wpaper:51/fe/2015

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