Estrutura de mercado da indústria bancária e apetite ao risco no Brasil: uma análise dos anos 2001 e 2013
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Data
2014-08-07
Orientador(res)
Carvalho, Laura Barbosa de
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This present study examined the extent to which the market structure of the Brazilian banking industry - at levels of concentration and competition - affects the risk appetite of its agents. Thus, we examined the relationship between concentration indicators (C3 and HHI), competition (H-statistic) and risk (NPL, Z-score) for the period comprehended between 2001 and 2013. The relationship between non-performing loans (NPL), concentration and competition was empirically tested using panel data models. The results indicates that bank concentration has a significant impact on the NPL, suggesting that more concentrated systems are more fragile. On the other hand, the results for competition and NPL indicates that a more competitive environment may generate a more stable financial system.