Abstract
The high concentration of the banking sector is a cross-border phenomenon that has a strong impact on local and global economies. The primary goal of this paper is to analyse the factors that affect concentration in banking systems around the world. The innovation of this paper is that it combines economic, 'economic environment' and cultural variables as explanatory factors in this analysis. Among other things, it was found that regulation in the banking system helps ensure that it remains competitive. It was also found that cultural dimensions, such as power distance, have an impact on the level of concentration in the banking industry.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Financial Services Management
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
