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| DM_NunoRibeiro_MMADE_2021 | 694.06 KB | Adobe PDF |
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Este estudo relaciona o poder de mercado e o crédito malparado (non performing loans – NPL), no sistema bancário português, no período compreendido entre 2010 e 2019, testando o efeito moderador das condições macroeconómicas nessa relação. Para esse efeito, analisamos um conjunto de dados públicos fornecido pela Associação Portuguesa de Banco (APB), Instituto Nacional de Estatística (INE) e PORDATA, sobre 20 bancos e sobre as condições macroeconómicas no período em análise. Os resultados indicam que o aumento do crescimento económico é benéfico para bancos com reduzido poder de mercado e prejudicial para bancos com elevado poder de mercado. O poder de mercado é sobretudo relevante para reduzir os NPL em períodos de recessão económica.
This study relates banks’ market power with non-performing loans (NPL), in the Portuguese banking system, in the period between 2010 and 2019, testing the moderating effect of macroeconomic conditions in that relationship. For this purpose, we analyzed a set of public data provided by the Portuguese Banking Association (APB), National Institute of Statistics (INE) and PORDATA, on 20 banks and on the macroeconomic conditions in the period under analysis. The results indicate that increased economic growth is beneficial for banks with reduced market power and detrimental to banks with high market power. Market power is mainly relevant to reduce NPL in periods of economic recession
This study relates banks’ market power with non-performing loans (NPL), in the Portuguese banking system, in the period between 2010 and 2019, testing the moderating effect of macroeconomic conditions in that relationship. For this purpose, we analyzed a set of public data provided by the Portuguese Banking Association (APB), National Institute of Statistics (INE) and PORDATA, on 20 banks and on the macroeconomic conditions in the period under analysis. The results indicate that increased economic growth is beneficial for banks with reduced market power and detrimental to banks with high market power. Market power is mainly relevant to reduce NPL in periods of economic recession
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Non performing Loans Poder de mercado Condições macroeconómicas