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Market Power versus Efficient-Structure in Arab GCC Banking

Saeed Al-Muharrami and Kent Matthews

No E2009/7, Cardiff Economics Working Papers from Cardiff University, Cardiff Business School, Economics Section

Abstract: This paper evaluates the performance of the Arab GCC banking industry in the context of the Structure-Conduct-Performance hypothesis in the period 1993-2002. The paper uses panel estimation differentiating between bank fixed effects and country fixed effects. It examines the Relative-Market-Power and the Efficient-Structure hypotheses differentiating between the two by employing a non-parametric measure of technical efficiency, and finds that the banking industry in the Arab GCC countries is best explained by the mainstream SCP hypothesis. The empirical results do not find any support for the Hicks (1935) "Quiet Life" version of the market power hypothesis.

Keywords: GCC Banking; Structure Conduct Performance (search for similar items in EconPapers)
JEL-codes: G2 L1 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2009-06
New Economics Papers: this item is included in nep-ara, nep-ban, nep-com and nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (47)

Published in Applied Financial Economics , Volume 19 Issue 18, September 2009, pp. 1487-1496.

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