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SCOPUS 학술저널

Effects of Economic Freedom on Bank Profit Beta-Convergence in ASEAN-5 Banking Sectors

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This study examines the beta-convergence of bank profitability to the long-run equilibrium, which is the level at which all incumbent banks tend toward when behaving competitively.T his study also considers the role of economic freedom in bank profitability convergence, which is a necessary development if banking sectors are to integrate.T he results show that ASEAN-5 banking sectors are generally competitive because bank profits and return on average assets are found to beta-converge to their respective competitive levels. Although no evidence exists that the pace of convergence is significantly determined by the prevailing level of economic freedom, freedom in the credit markets and the size of governments are required to satisfy certain thresholds if bank profitability beta-converges significantly.

I. Introduction

II. Review of Empirical Literature

III. Theoretical Framework of Convergence

IV. Methodology: Model, Specification of Variables, and Estimation

V. Results of Analysis and Discussion

VI. Conclusions and Implications on Policymaking

References

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