---
res:
  bibo_abstract:
  - "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.@eng"
  bibo_authorlist:
  - foaf_Person:
      foaf_givenName: Sarah
      foaf_name: Herwald, Sarah
      foaf_surname: Herwald
  - foaf_Person:
      foaf_givenName: Simone
      foaf_name: Voigt, Simone
      foaf_surname: Voigt
  - foaf_Person:
      foaf_givenName: André
      foaf_name: Uhde, André
      foaf_surname: Uhde
      foaf_workInfoHomepage: http://www.librecat.org/personId=36049
    orcid: https://orcid.org/0000-0002-8058-8857
  bibo_doi: https://doi.org/10.1108/JRF-03-2023-0075
  bibo_issue: '3'
  bibo_volume: 25
  dct_date: 2024^xs_gYear
  dct_language: eng
  dct_subject:
  - market concentration
  - market power
  - banking stability
  - European banking
  dct_title: The conditional impact of market consolidation and market power on banking
    stability – Evidence from Europe@
...