Empirical analysis of Russian commercial banks growth dynamics

Denis Kontsevoy ()
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Denis Kontsevoy: Sberbank, Moscow

Applied Econometrics, 2013, vol. 29, issue 1, 67-81

Abstract: In this study an empirical model of Russian commercial banks growth is proposed. Dynamic panel regression with fixed individual effects is estimated by System GMM estimator for given quarterly data of 2008–2011. The main purpose is to test whether Gibrat’s Law of Proportionate Effect (LPE) is hold for Russian commercial banking industry and to determine key factors of banks growth. No evidence of LPE and growth persistence was found. Bank growth is negatively dependent on the size and positively dependent on market concentration. The results of this paper allow forecasting either the future structure of Russian banking sector or particular banks position using open data.

Keywords: law of proportionate effect; persistence of profit; Russian banking; bank growth (search for similar items in EconPapers)
JEL-codes: G21 L11 (search for similar items in EconPapers)
Date: 2013
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