Influence of internet and social media presence on small, local banks’ market power

Dariusz Filip (), Krzysztof Jackowicz () and Lukasz Kozlowski ()
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Krzysztof Jackowicz: Department of Banking, Insurance and Risk, Kozminski University, Warsaw, Poland
Lukasz Kozlowski: Department of Banking, Insurance and Risk, Kozminski University, Warsaw, Poland

Baltic Journal of Economics, 2017, vol. 17, issue 2, 190-214

Abstract: We study the impact of Internet and social media presence on the market power of small, local banks in Poland. We observe that small banks, which generally embraced new distribution and communication channels considerably later than the large commercial banks, had to forego a portion of their market power to defend market shares or reach new customers. The size of the market power sacrifice was greater when small banks competed against numerous banks within their local markets and particularly substantial when they were outnumbered mostly by large commercial banks.

Keywords: Small banks; market power; internet; social media; local banking markets (search for similar items in EconPapers)
JEL-codes: D4 G21 L1 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:bic:journl:v:17:y:2017:i:2:p:190-214

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