[{"keyword":["market concentration","market power","banking stability","European banking"],"language":[{"iso":"eng"}],"_id":"34802","department":[{"_id":"186"},{"_id":"188"}],"user_id":"36049","abstract":[{"text":"Purpose\r\nAcademic research has intensively analyzed the relationship between market concentration or market power and banking stability but provides ambiguous results, which are summarized under the concentration-stability/fragility view. We provide empirical evidence that the mixed results are due to the difficulty of identifying reliable variables to measure concentration and market power.\r\n\r\nDesign/methodology/approach\r\nUsing data from 3,943 banks operating in the European Union (EU)-15 between 2013 and 2020, we employ linear regression models on panel data. Banking market concentration is measured by the Herfindahl–Hirschman Index (HHI), and market power is estimated by the product-specific Lerner Indices for the loan and deposit market, respectively.\r\n\r\nFindings\r\nOur analysis reveals a significantly stability-decreasing impact of market concentration (HHI) and a significantly stability-increasing effect of market power (Lerner Indices). In addition, we provide evidence for a weak (or even absent) empirical relationship between the (non)structural measures, challenging the validity of the structure-conduct-performance (SCP) paradigm. Our baseline findings remain robust, especially when controlling for a likely reverse causality.\r\n\r\nOriginality/value\r\nOur results suggest that the HHI may reflect other factors beyond market power that influence banking stability. Thus, banking supervisors and competition authorities should investigate market concentration and market power simultaneously while considering their joint impact on banking stability.","lang":"eng"}],"status":"public","publication":"Journal of Risk Finance","type":"journal_article","title":"The conditional impact of market consolidation and market power on banking stability – Evidence from Europe","doi":"https://doi.org/10.1108/JRF-03-2023-0075","date_updated":"2024-05-14T12:13:51Z","volume":25,"date_created":"2022-12-22T07:28:25Z","author":[{"last_name":"Herwald","full_name":"Herwald, Sarah","first_name":"Sarah"},{"full_name":"Voigt, Simone","last_name":"Voigt","first_name":"Simone"},{"first_name":"André","last_name":"Uhde","orcid":"https://orcid.org/0000-0002-8058-8857","id":"36049","full_name":"Uhde, André"}],"year":"2024","intvolume":"        25","page":"510 - 536","jel":["G15","G21","G38"],"citation":{"ama":"Herwald S, Voigt S, Uhde A. The conditional impact of market consolidation and market power on banking stability – Evidence from Europe. <i>Journal of Risk Finance</i>. 2024;25(3):510-536. doi:<a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>","ieee":"S. Herwald, S. Voigt, and A. Uhde, “The conditional impact of market consolidation and market power on banking stability – Evidence from Europe,” <i>Journal of Risk Finance</i>, vol. 25, no. 3, pp. 510–536, 2024, doi: <a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>.","chicago":"Herwald, Sarah, Simone Voigt, and André Uhde. “The Conditional Impact of Market Consolidation and Market Power on Banking Stability – Evidence from Europe.” <i>Journal of Risk Finance</i> 25, no. 3 (2024): 510–36. <a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>.","apa":"Herwald, S., Voigt, S., &#38; Uhde, A. (2024). The conditional impact of market consolidation and market power on banking stability – Evidence from Europe. <i>Journal of Risk Finance</i>, <i>25</i>(3), 510–536. <a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>","mla":"Herwald, Sarah, et al. “The Conditional Impact of Market Consolidation and Market Power on Banking Stability – Evidence from Europe.” <i>Journal of Risk Finance</i>, vol. 25, no. 3, 2024, pp. 510–36, doi:<a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>.","short":"S. Herwald, S. Voigt, A. Uhde, Journal of Risk Finance 25 (2024) 510–536.","bibtex":"@article{Herwald_Voigt_Uhde_2024, title={The conditional impact of market consolidation and market power on banking stability – Evidence from Europe}, volume={25}, DOI={<a href=\"https://doi.org/10.1108/JRF-03-2023-0075\">https://doi.org/10.1108/JRF-03-2023-0075</a>}, number={3}, journal={Journal of Risk Finance}, author={Herwald, Sarah and Voigt, Simone and Uhde, André}, year={2024}, pages={510–536} }"},"publication_status":"published","issue":"3"},{"date_updated":"2024-02-05T12:46:11Z","author":[{"first_name":"Orlando","id":"98419","full_name":"Massopo, Orlando","last_name":"Massopo"},{"first_name":"Hans-Joachim","last_name":"Schmid","orcid":"000-0001-8590-1921","full_name":"Schmid, Hans-Joachim","id":"464"},{"first_name":"Munko","id":"94996","full_name":"Gonchikzhapov, Munko","orcid":"https://orcid.org/0000-0002-7773-047X","last_name":"Gonchikzhapov"},{"orcid":"0000-0003-3993-5316 ","last_name":"Kasper","full_name":"Kasper, Tina","id":"94562","first_name":"Tina"}],"date_created":"2024-02-05T12:45:55Z","title":"Nanoparticle Concentration Measurement in Flame Spray Pyrolysis (Poster)","conference":{"name":"European Aerosol Conference","start_date":"2023-09-03","end_date":"2023-09-08","location":"Málaga, Spain "},"year":"2023","citation":{"ama":"Massopo O, Schmid H-J, Gonchikzhapov M, Kasper T. Nanoparticle Concentration Measurement in Flame Spray Pyrolysis (Poster). In: ; 2023.","chicago":"Massopo, Orlando, Hans-Joachim Schmid, Munko Gonchikzhapov, and Tina Kasper. “Nanoparticle Concentration Measurement in Flame Spray Pyrolysis (Poster),” 2023.","ieee":"O. Massopo, H.-J. Schmid, M. Gonchikzhapov, and T. Kasper, “Nanoparticle Concentration Measurement in Flame Spray Pyrolysis (Poster),” presented at the European Aerosol Conference, Málaga, Spain , 2023.","apa":"Massopo, O., Schmid, H.-J., Gonchikzhapov, M., &#38; Kasper, T. (2023). <i>Nanoparticle Concentration Measurement in Flame Spray Pyrolysis (Poster)</i>. European Aerosol Conference, Málaga, Spain .","short":"O. Massopo, H.-J. Schmid, M. Gonchikzhapov, T. Kasper, in: 2023.","bibtex":"@inproceedings{Massopo_Schmid_Gonchikzhapov_Kasper_2023, title={Nanoparticle Concentration Measurement in Flame Spray Pyrolysis (Poster)}, author={Massopo, Orlando and Schmid, Hans-Joachim and Gonchikzhapov, Munko and Kasper, Tina}, year={2023} }","mla":"Massopo, Orlando, et al. <i>Nanoparticle Concentration Measurement in Flame Spray Pyrolysis (Poster)</i>. 2023."},"_id":"51145","department":[{"_id":"150"},{"_id":"728"}],"user_id":"98419","keyword":["Absolute particle concentration","Flame Spray Pyrolysis","SMPS","Mass Spectrometry"],"language":[{"iso":"eng"}],"type":"conference_abstract","status":"public"},{"title":"The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking","author":[{"last_name":"Michalak","full_name":"Michalak, Tobias C.","first_name":"Tobias C."},{"last_name":"Uhde","id":"36049","full_name":"Uhde, André","first_name":"André"}],"date_created":"2023-01-11T11:04:30Z","publisher":"Paderborn University","date_updated":"2024-04-17T13:35:15Z","jel":["E43","E44","E52","G01","G28"],"citation":{"apa":"Michalak, T. C., &#38; Uhde, A. (2011). <i>The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking</i>. Paderborn University.","short":"T.C. Michalak, A. Uhde, The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking, Paderborn University, 2011.","mla":"Michalak, Tobias C., and André Uhde. <i>The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking</i>. Paderborn University, 2011.","bibtex":"@book{Michalak_Uhde_2011, title={The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking}, publisher={Paderborn University}, author={Michalak, Tobias C. and Uhde, André}, year={2011} }","ama":"Michalak TC, Uhde A. <i>The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking</i>. Paderborn University; 2011.","chicago":"Michalak, Tobias C., and André Uhde. <i>The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking</i>. Paderborn University, 2011.","ieee":"T. C. Michalak and A. Uhde, <i>The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking</i>. Paderborn University, 2011."},"year":"2011","publication_status":"published","language":[{"iso":"eng"}],"keyword":["risk-taking channel","competition","concentration","bank soundness","European banking"],"department":[{"_id":"186"},{"_id":"188"}],"user_id":"21810","_id":"36021","status":"public","abstract":[{"lang":"eng","text":"Using a sample of stock-listed bank holding companies located in Western Europe over the period from 1997 to 2008 this paper provides empirical evidence that an increase in short-term interest rates as well as an extended period of expansionary monetary policy has a negative impact on European stock-listed banks’ soundness as measured by the Expected Default Frequency. Against this background and in order to evaluate interactions between the risk-taking channel of monetary policy and the competitiveness of a country’s banking market we find a negative impact of an increase in competition in the loan market – proxied by the Boone-indicator – on financial soundness. Referring to the structural-conduct performance (SCP) paradigm, this paper provides further evidence that an increase in concentration in the banking market spurs financial soundness. "}],"type":"working_paper"}]