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Market Structure and Performance in Macau Banking
NG SAN U1; FU XIAOQING2
2007-06
Source PublicationEuro Asia Journal of Management
ISSN0872-8496
Volume33Issue:1Pages:61-77
Abstract

This paper studies the relationship between market structure and performence of Macau's banking sector during 1995-2004 period. The model incorporates measures of concentration, market share, X-efficiency, and scale efficiency into the estimating equation, to test both the market-power and the efficient-structure hypothese in Macau's banking sector. The empirical results only surpport the relative-market-power(RMP) hypothesis. The finding implies that the big banks in Macau were able to exert market power in setting prices and earn higher profits. There is no surpport for any of the efficient-structure hypothesis and the quiet life hypothessis. The major policy lesson is that Macau's banking sector should be closely monitored by the regulatory authorities in terms of antitrust enforcement. 

Language英语
Fulltext Access
Document TypeJournal article
CollectionDEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
Corresponding AuthorNG SAN U; FU XIAOQING
Affiliation1.Macau economic services, Macau, China
2.Faculty of Business and Administration, University of Macau, Taipa, China
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
NG SAN U,FU XIAOQING. Market Structure and Performance in Macau Banking[J]. Euro Asia Journal of Management,2007,33(1):61-77.
APA NG SAN U,&FU XIAOQING.(2007).Market Structure and Performance in Macau Banking.Euro Asia Journal of Management,33(1),61-77.
MLA NG SAN U,et al."Market Structure and Performance in Macau Banking".Euro Asia Journal of Management 33.1(2007):61-77.
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