Growth, profits and foreign ownership in the Brazilian banking industry

María del Mar Miralles-Quiros, José Luis Miralles-Quiros and Julio Daza-Izquierdo
Authors registered in the RePEc Author Service: José Luis Miralles Quirós

Applied Economics, 2018, vol. 50, issue 51, 5483-5494

Abstract: The deregulation of the financial markets and their progressive globalization has favoured the internationalization of banking. Moreover, during the international financial crisis, the presence of foreign banks has increased in countries experiencing faster economic growth, such as Brazil. In this context, the aim of this study is to analyze the growth and profitability of the financial institutions in Brazil, taking into account the possible non-linearity of the relationship, the differences between Brazilian and foreign institutions and the effect of the crisis. Our results indicate that the entry of foreign institutions has a direct effect on the Brazilian banking industry.

Date: 2018
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DOI: 10.1080/00036846.2018.1486998

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