Submitted by CAIO FERREIRA (caioguitton@gmail.com) on 2014-09-05T18:50:58Z
No. of bitstreams: 1
DISSERTAÇÃO - CAIO HENRI GUITTON TAVARES FERREIRA VF.pdf: 2285607 bytes, checksum: e5a358ff99406c4bb8c6bdd2d494edcb (MD5) / Rejected by JOANA MARTORINI (joana.martorini@fgv.br), reason: .... on 2014-09-05T18:57:56Z (GMT) / Submitted by CAIO FERREIRA (caioguitton@gmail.com) on 2014-09-05T19:00:32Z
No. of bitstreams: 1
DISSERTAÇÃO - CAIO HENRI GUITTON TAVARES FERREIRA VF2.pdf: 2286004 bytes, checksum: 5589eb8c8ca4d7b9a4506584a2045c07 (MD5) / Rejected by JOANA MARTORINI (joana.martorini@fgv.br), reason: .... on 2014-09-05T19:06:40Z (GMT) / Submitted by CAIO FERREIRA (caioguitton@gmail.com) on 2014-09-05T19:13:55Z
No. of bitstreams: 1
DISSERTAÇÃO - CAIO HENRI GUITTON TAVARES FERREIRA VF2.pdf: 2286004 bytes, checksum: 5589eb8c8ca4d7b9a4506584a2045c07 (MD5) / Rejected by JOANA MARTORINI (joana.martorini@fgv.br), reason: ... on 2014-09-05T19:14:44Z (GMT) / Submitted by CAIO FERREIRA (caioguitton@gmail.com) on 2014-09-05T19:17:02Z
No. of bitstreams: 1
DISSERTAÇÃO - CAIO HENRI GUITTON TAVARES FERREIRA VF3.pdf: 2286073 bytes, checksum: 3f3af32812885bee6ac6c97f5a66c1ec (MD5) / Approved for entry into archive by JOANA MARTORINI (joana.martorini@fgv.br) on 2014-09-05T19:18:13Z (GMT) No. of bitstreams: 1
DISSERTAÇÃO - CAIO HENRI GUITTON TAVARES FERREIRA VF3.pdf: 2286073 bytes, checksum: 3f3af32812885bee6ac6c97f5a66c1ec (MD5) / Made available in DSpace on 2014-09-05T19:20:03Z (GMT). No. of bitstreams: 1
DISSERTAÇÃO - CAIO HENRI GUITTON TAVARES FERREIRA VF3.pdf: 2286073 bytes, checksum: 3f3af32812885bee6ac6c97f5a66c1ec (MD5)
Previous issue date: 2014-08-07 / This present study examined the extent to which the market structure of the Brazilian banking industry - at levels of concentration and competition - affects the risk appetite of its agents. Thus, we examined the relationship between concentration indicators (C3 and HHI), competition (H-statistic) and risk (NPL, Z-score) for the period comprehended between 2001 and 2013. The relationship between non-performing loans (NPL), concentration and competition was empirically tested using panel data models. The results indicates that bank concentration has a significant impact on the NPL, suggesting that more concentrated systems are more fragile. On the other hand, the results for competition and NPL indicates that a more competitive environment may generate a more stable financial system. / O presente trabalho analisou em que medida a estrutura de mercado da indústria bancária brasileira – em níveis de concentração e competição – afeta o apetite ao risco de seus agentes. Para tanto, o estudo examinou a relação entre indicadores de concentração (C3 e HHI), competição (Estatística-H) e de risco (NPL, Z-score) para o período entre 2001 e 2013. A relação entre non-performing loans (NPL), concentração e competição foi empiricamente testada através de modelos de dados em painel. Os resultados indicam que a concentração bancária tem impacto significativo no NPL, sugerindo que sistemas mais concentrados são mais frágeis. Por outro lado, os resultados para competição e NPL indicam que em ambientes mais competitivos podem gerar sistemas financeiros menos instáveis.
| Identifer | oai:union.ndltd.org:IBICT/oai:bibliotecadigital.fgv.br:10438/12006 |
| Date | 07 August 2014 |
| Creators | Ferreira, Caio Henri Guitton Tavares |
| Contributors | Mori, Rogério, Rossi, Pedro, Escolas::EESP, Carvalho, Laura Barbosa de |
| Source Sets | IBICT Brazilian ETDs |
| Language | Portuguese |
| Detected Language | English |
| Type | info:eu-repo/semantics/publishedVersion, info:eu-repo/semantics/masterThesis |
| Source | reponame:Repositório Institucional do FGV, instname:Fundação Getulio Vargas, instacron:FGV |
| Rights | info:eu-repo/semantics/openAccess |
Page generated in 0.0027 seconds