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ISSN 2615-9813
ISSN (số cũ) 1859-3682

SỐ 208 | Tháng 7/2023

Cạnh tranh thị trường, điều tiết vốn và chi phí trung gian tài chính: nghiên cứu thực nghiệm về khu vực ngân hàng của Bangladesh

MD. Rasel Mia

Tóm tắt:

Mục đích - Nghiên cứu này nhằm mục đích kiểm tra tác động của cạnh tranh thị trường và quy định về vốn đối với chi phí trung gian tài chính của các ngân hàng thuộc ngành ngân hàng Bangladesh.
Thiết kế/phương pháp nghiên cứu /phương pháp tiếp cận - Nghiên cứu này sử dụng bộ dữ liệu bảng cân bằng bao gồm 340 quan sát trong năm của công ty đối với 34 ngân hàng thương mại trong ngành ngân hàng Bangladesh từ năm 2011 đến năm 2020. Công cụ ước tính bảng Prais Winsten được sử dụng để đánh giá tác động của cạnh tranh thị trường và quy định về vốn đối với chi phí trung gian tài chính của các ngân hàng.
Kết quả - Dựa trên kết quả hồi quy, nghiên cứu này cho thấy  rằng cạnh tranh thị trường lớn hơn dẫn đến chi phí trung gian tài chính cho ngân hàng thấp hơn. Tương tự, việc tăng vốn pháp định của các ngân hàng làm tăng chi phí trung gian tài chính của các ngân hàng. Những phát hiện chính của nghiên cứu này được thể hiện rõ qua cách sử dụng các biến đại diện thay thế cho chi phí trung gian tài chính, cạnh tranh thị trường và điều tiết vốn. Kết quả hồi quy cũng cho thấy các ngân hàng thương mại tư nhân có chi phí trung gian tài chính cao hơn các ngân hàng thương mại nhà nước.
Hạn chế/ý nghĩa nghiên cứu - Cải cách quy định cần hướng tới thúc đẩy cạnh tranh thị trường bền vững và tối ưu cho ngành ngân hàng Bangladesh nhằm điều tiết sức mạnh thị trường của các ngân hàng nhằm giảm chi phí trung gian tài chính. Cơ quan quản lý của Bangladesh cần tìm ra các biện pháp chính sách tối ưu để thực hiện quy định về vốn trong ngành ngân hàng nhằm giảm chi phí biên trung gian tài chính của các ngân hàng.
Tính mới/giá trị - Không giống như các nghiên cứu trước đây sử dụng thước đo cạnh tranh thị trường cấu trúc, nghiên cứu này sử dụng thước đo cạnh tranh thị trường phi cấu trúc để đánh giá mối quan hệ giữa cạnh tranh thị trường và chi phí trung gian tài chính trong ngành ngân hàng Bangladesh.


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Market Competition, Capital Regulation and Cost of Financial Intermediation: An Empirical Study on the Banking Sector of Bangladesh


Purpose - This study aims to examine the impact of market competition, and capital regulation on the cost of financial intermediation of banks of the Bangladesh banking industry.

Design/methodology/approach - This study has used a balanced panel dataset comprised of 340 firm-year observations for 34 commercial banks in the Bangladesh banking industry from 2011 to 2020. The Prais Winsten panel estimator has been used to assess the impact of market competition and capital regulation on the cost of financial intermediation of banks.

Findings - Based on the regression results, this study has documented that greater market competition results in a lower cost of financial intermediation for banks. Similarly, an increase in the regulatory capital of banks increases the cost of financial intermediation of banks. The main findings of this study are found robust by using alternative proxies for the cost of financial intermediation, market competition and capital regulation. The regression results also suggest that private commercial banks tend to have a higher cost of financial intermediation than state-owned commercial banks.

Research limitations/implications - The regulatory reforms should aim to foster sustainable and optimal market competition for the Bangladesh banking industry to regulate the market power of banks to reduce the cost of financial intermediation. The regulatory authority of Bangladesh should find the optimal policy measures for implementing the capital regulation in the banking industry which would reduce the cost of financial intermediation margin of banks.

Originality/value - Unlike previous studies which have used structural market competition measures, this study has used non-structural market competition measures to assess the relationship between market competition and cost of financial intermediation in the Bangladesh banking industry.