---
_id: '34802'
abstract:
- lang: eng
  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."
author:
- first_name: Sarah
  full_name: Herwald, Sarah
  last_name: Herwald
- first_name: Simone
  full_name: Voigt, Simone
  last_name: Voigt
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
  orcid: https://orcid.org/0000-0002-8058-8857
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>
  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>
  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} }'
  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>.'
  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>.'
  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.
date_created: 2022-12-22T07:28:25Z
date_updated: 2024-05-14T12:13:51Z
department:
- _id: '186'
- _id: '188'
doi: https://doi.org/10.1108/JRF-03-2023-0075
intvolume: '        25'
issue: '3'
jel:
- G15
- G21
- G38
keyword:
- market concentration
- market power
- banking stability
- European banking
language:
- iso: eng
page: 510 - 536
publication: Journal of Risk Finance
publication_status: published
status: public
title: The conditional impact of market consolidation and market power on banking
  stability – Evidence from Europe
type: journal_article
user_id: '36049'
volume: 25
year: '2024'
...
---
_id: '51145'
author:
- first_name: Orlando
  full_name: Massopo, Orlando
  id: '98419'
  last_name: Massopo
- first_name: Hans-Joachim
  full_name: Schmid, Hans-Joachim
  id: '464'
  last_name: Schmid
  orcid: 000-0001-8590-1921
- first_name: Munko
  full_name: Gonchikzhapov, Munko
  id: '94996'
  last_name: Gonchikzhapov
  orcid: https://orcid.org/0000-0002-7773-047X
- first_name: Tina
  full_name: Kasper, Tina
  id: '94562'
  last_name: Kasper
  orcid: '0000-0003-3993-5316 '
citation:
  ama: 'Massopo O, Schmid H-J, Gonchikzhapov M, Kasper T. Nanoparticle Concentration
    Measurement in Flame Spray Pyrolysis (Poster). In: ; 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 .
  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}
    }'
  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.
  mla: Massopo, Orlando, et al. <i>Nanoparticle Concentration Measurement in Flame
    Spray Pyrolysis (Poster)</i>. 2023.
  short: 'O. Massopo, H.-J. Schmid, M. Gonchikzhapov, T. Kasper, in: 2023.'
conference:
  end_date: 2023-09-08
  location: 'Málaga, Spain '
  name: European Aerosol Conference
  start_date: 2023-09-03
date_created: 2024-02-05T12:45:55Z
date_updated: 2024-02-05T12:46:11Z
department:
- _id: '150'
- _id: '728'
keyword:
- Absolute particle concentration
- Flame Spray Pyrolysis
- SMPS
- Mass Spectrometry
language:
- iso: eng
status: public
title: Nanoparticle Concentration Measurement in Flame Spray Pyrolysis (Poster)
type: conference_abstract
user_id: '98419'
year: '2023'
...
---
_id: '36021'
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. '
author:
- first_name: Tobias C.
  full_name: Michalak, Tobias C.
  last_name: Michalak
- first_name: André
  full_name: Uhde, André
  id: '36049'
  last_name: Uhde
citation:
  ama: Michalak TC, Uhde A. <i>The Nexus between Monetary Policy, Banking Market Structure
    and Bank Risk Taking</i>. Paderborn University; 2011.
  apa: Michalak, T. C., &#38; Uhde, A. (2011). <i>The Nexus between Monetary Policy,
    Banking Market Structure and Bank Risk Taking</i>. Paderborn University.
  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} }'
  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.
  mla: Michalak, Tobias C., and André Uhde. <i>The Nexus between Monetary Policy,
    Banking Market Structure and Bank Risk Taking</i>. Paderborn University, 2011.
  short: T.C. Michalak, A. Uhde, The Nexus between Monetary Policy, Banking Market
    Structure and Bank Risk Taking, Paderborn University, 2011.
date_created: 2023-01-11T11:04:30Z
date_updated: 2024-04-17T13:35:15Z
department:
- _id: '186'
- _id: '188'
jel:
- E43
- E44
- E52
- G01
- G28
keyword:
- risk-taking channel
- competition
- concentration
- bank soundness
- European banking
language:
- iso: eng
publication_status: published
publisher: Paderborn University
status: public
title: The Nexus between Monetary Policy, Banking Market Structure and Bank Risk Taking
type: working_paper
user_id: '21810'
year: '2011'
...