The economics of bank privatization

Megginson, William L.

doi:10.1016/j.jbankfin.2005.03.005

Cited by 224 publications

(144 citation statements)

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“…(Note 2) There is evidence that in developed countries, bank privatization improves performance (Otchere and Chan (2003) and Otchere (2009) Otchere (2005) finds marginal improvements in the performance of privatized banks in middle-and low-income countries. Megginson (2005) reviewed studies on bank privatization and found that state-owned banks are less efficient than privately owned banks, and that state domination of banking imposes increasingly severe penalties on those countries with the largest state banking sectors. He found little evidence that privatization by itself is enough to transform the efficiency of privatized banks.…”

Section: Brief Backgroundmentioning

confidence: 99%

“…He found little evidence that privatization by itself is enough to transform the efficiency of privatized banks. The evidence catalogued in Megginson (2005) indicates that the performance of privatized banks in transition economies of Central and Eastern Europe and the former Soviet Union has been somewhat more favorable than that in non-transition developing countries. La Porta et al (2002) examined the importance and impact of state ownership of banks in 92 countries and found that government ownership of banks retards financial system development and restricts economic growth rates.…”

Section: Brief Backgroundmentioning

confidence: 99%

“…We obtained our initial sample of privatized banks from Megginson (2005) and the World Bank privatization database. Income statement and balance sheet data were obtained from Datastream and Bloomberg databases.…”

Section: Datamentioning

confidence: 99%

“…In addition to bank specific variables, we obtained from World Development Indicators and International Finance Statistics databases economy wide variables including bank total assets /gross domestic product, volatility of annual Treasury bill rates and annual inflation rate. (Note 4) Table 1 presents data on a number of privatized banks contained in our sample about which Megginson (2005) provides data in respect of amounts raised through privatizing and the proportion of the bank offered for sale. (Note 5) Megginson provides more information on banks located in so called high information countries than banks in other regions.…”

Section: Datamentioning

confidence: 99%

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How Have Consumers Fared in Bank Privatization? International Evidence

Aboagye¹,

Otchere²

2012

International Journal of Financial Research

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We examine whether consumers have benefited from bank privatization worldwide and find that bank spreads are significantly higher in the post privatization period than in the pre-privatization period, suggesting that bank customers have not benefited from bank privatization. However, we observe that the increase in net interest margin occurred in the developed countries whereas consumers in developing countries have benefited from reduced bank margins following privatization. Despite the reduction in bank margins, consumers in developing countries still pay more for banking services than their counterparts in the developed world. Since developed countries banking environment is more competitive, lack of competition does not seem to explain our findings. Rather, the results appear to support the conjecture that margins were perhaps kept artificially low in the pre-privatization period and that the higher margins in the developed countries reflect market conditions.

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Section: Brief Backgroundmentioning

confidence: 99%

Section: Brief Backgroundmentioning

confidence: 99%

Section: Datamentioning

confidence: 99%

Section: Datamentioning

confidence: 99%

See 2 more Smart Citations

How Have Consumers Fared in Bank Privatization? International Evidence

Aboagye¹,

Otchere²

2012

International Journal of Financial Research

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“…ezekben általában alacsonyabb a növekedési ütem, és kevésbé mély a pénzügyi közvetítés (La Porta és szerzőtársai [2002], Megginson [2005]). …”

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A magyar bankrendszer tulajdonosi struktúrájának átalakulása

Király¹

2016

Közgazdasági Szemle

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Közgazdasági szemle , lX iii. évf., 2016. július-augusztus (725-761. o.) Király júlia a magyar bankrendszer tulajdonosi struktúrájának átalakulása a bankrendszerek strukturális jellemzői hatással vannak a szektor működésére, hatékonyságára, stabilitására, ellenálló képességére. Olyan bankrendszeri struktúra nem létezik, amely minden szempont szerint ideális. az egyszerre legyen "versengő, növekvő, biztonságos, jövedelmező, alacsony felárral dolgozó, hatékony" követel-mények egymást oltják ki, e szempontok között átváltás van, nem biztos, hogy a válságnak leginkább ellenálló struktúra a leginkább hatékony vagy a legjövedel-mezőbb (Liikanen [2012]).* a szerző 2007-2013 között a magyar Nemzeti Bank pénzügyi stabilitásért felelős alelnöke volt. a tanulmányban kifejtettek kizárólag a szerző véleményét tükrözik. a dolgozat korábbi változatához tett értékes megjegyzéseiért és a dolgozat elkészültéhez nyújtott segítségéért ezúton mondok köszönetet Banai Ádámnak, Kerényi Ádámnak, Kornai Jánosnak, Magyar Bálintnak, Mérő Katalinnak, Mihályi Péternek, Móra Mária Tündének, Nagy Dánielnek, Simonovits Andrásnak, Vágó Nikolettnek, Várhegyi Évának, Voszka Évának, az mta Kti-ben február 4-én és a Pénzügykutató intézetben március 23-án rendezett vita hozzászólóinak, valamint a dolgozat két anonim lektorának.Király Júlia, az international Business school Budapest tanára, az mta KrtK külső munkatársa. a kézirat első változata 2016. január 9-én érkezett szerkesztőségünkbe. dOi: http://dx

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Bank efficiency in Latin America

Molyneux

Williams

2013

Efficiency and Productivity Growth

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The economics of bank privatization

Cited by 224 publications

References 84 publications

How Have Consumers Fared in Bank Privatization? International Evidence

How Have Consumers Fared in Bank Privatization? International Evidence

A magyar bankrendszer tulajdonosi struktúrájának átalakulása

Bank efficiency in Latin America

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