Muizzuddin, Muizzuddin (2021) Kompetisi, Regulasi, Kualitas Kelembagaan, dan Stabilitas Bank di Negara-Negara Asia Pasifik. Doctoral thesis, Universitas Gadjah Mada.
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Abstract
This study investigates the effect of competition on the stability of commercial banks in 15 Asia Pacific countries from 2011 to 2019. It also specifically evaluates whether regulatory variables and institutional quality directly affect bank stability and moderate the effect of competition on bank stability. Non-structural approach (lerner index, adjusted lerner index, and h-statistics) was used for the measure of the competition, and the macroprudential approach (z-score and its component decomposition) was used for the extent of stability. For the regulatory measures, the capital requirements index, activity restriction index, and the presence of an explicit deposit insurance institution were used. All regulatory data were collected and developed from the Bank Regulation and Supervision Survey, World Bank. Furthermore, the institutional quality was measured using six dimensions of Worldwide Governance Indicators, those are voice and accountability, political stability, government effectiveness, regulatory quality, the rule of law, and control of corruption. The results revealed supports for the competition-fragility view robustly on various measures and estimation methods. In addition, it was also found that there was evidence of nonlinear u-shaped relationship as shown in some recent literatures. The regulatory variable showed positive effect on the bank stability, including for the capital requirements index, activity restrictions, and the existence of deposit insurance institutions. Additionally, related to the moderation relationship, the three measures can mitigate the negative impact of competition on bank stability. Furthermore, in terms of institutional quality, the findings confirmed that government effectiveness, regulatory quality, the rule of law, and control over corruption are the drivers of bank stability. In the moderation relationship, only government effectiveness and regulatory quality rule of law can mitigate the negative effect of competition on bank stability. This study provides policy recommendations. First, it highlights the importance of competitive conditions monitoring in maintaining bank stability. Second, it shows the urgency of strengthening the institutional quality regulatory function in the banking sector.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Additional Information: | Ph.D. Thesis, Doctoral Program in Management, Faculty of Economics and Business, Universitas Gadjah Mada |
| Subjects: | H Social Sciences > HG Finance > HG1501-3550 Banking |
| Divisions: | 01-Faculty of Economics > 61001-Management (S3) |
| Depositing User: | Dr Muizzuddin Muizzuddin |
| Date Deposited: | 09 Sep 2021 05:58 |
| Last Modified: | 09 Sep 2021 05:58 |
| URI: | http://repository.unsri.ac.id/id/eprint/53686 |
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