Some evidence from Gujarat

Commercial bank deposits in India

This thesis aims to evaluate the competitive situation in the Swedish banking sector. The banking sector in Sweden is characterized by its high degree of concentration, with four major banks controlling a large share of the market. Combined with high profits and high interest margins, this has raised concerns regarding the competitive pressures in the sector. Many existing theories in the literature try to evaluate competition based on market structure, however modern research concludes that high concentration does not necessarily imply less competition. By using a model that estimates the elasticity of factor input prices, the competitive behavior among the market players can be assessed and the results reveal a less competitive situation on the Swedish market compared to previous research within the field of banking competition.

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This dissertation provides evidence on the risk factors that are priced in bank equities. Alternative empirical models with precedent in the nonfinancial asset pricing literature are tested, including the single-factor Capital Asset Pricing Model (CAPM), three-factor Fama-French model, and Intertemporal Capital Asset Pricing Model (ICAPM). The empirical results indicate that an unconditional two-factor Intertemporal Capital Asset Pricing Model (ICAPM) model, that includes the stock market excess return and shocks to the slope of the yield curve, is useful in explaining the cross-section of bank stock returns. I find no evidence, however, that firm specific factors, such as size and book-to-market ratios, are priced in bank stock returns. These results have a number of practical implications for event studies of banking firms, estimation of bank cost of capital and investment performance, as well as regulatory initiatives to utilize market discipline to evaluate bank risk under Basel II.

Thesis (Ph.D.)--Indiana University, Kelley School of Business, 2009. / Title from PDF t.p. (viewed on Feb. 8, 2010). Source: Dissertation Abstracts International, Volume: 70-05, Section: A, page: 1703. Adviser: Robert Jennings.

Thesis (Ph. D.)--University of Queensland, 2002. / Includes bibliographical references.

Proofschrift--Nederlandsche handels-hoogeschool to Rotterdam. / Includes bibliographical references.

Inaug.-Diss.--Basel. / Vita. Bibliography: p. 149-150.