Bank Privatization and Productivity : Evidence for Brazil

Over the past decade, the Brazilian banking industry has undergone major and deep transformations with several privatizations of state-owned banks, mergers and acquisitions, closing down of troubled banks, entry by foreign banks, and so on. The purpose of this paper is to evaluate the impacts of the...

Full description

Bibliographic Details
Main Authors:	Nakane, Márcio I., Weintraub, Daniela B.
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ACQUISITION COSTS AGENCY PROBLEMS ASSETS AVERAGE PRODUCTIVITY BALANCE SHEET BANK BRANCHES BANK CLOSURES BANK DEPOSITS BANK PERFORMANCE BANK PRIVATIZATION BANK SIZE BANK SUPERVISION BANKING INDUSTRY BANKING SECTOR BANKING SYSTEM BANKS BONDS CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENT CENTRAL BANK COMMERCIAL BANKS CORPORATE CONTROL COST FUNCTIONS DEBT RESTRUCTURING DEMAND DEPOSITS DEPOSITS DEPRECIATION DEVELOPMENT AGENCIES DURABLE GOODS ECONOMIC GROWTH EMPLOYMENT FINANCIAL INSTITUTIONS FIXED INPUTS FOREIGN BANKS GDP GROWTH RATE HOUSING INCOME STATEMENTS INFLATION INSOLVENCY INTEREST RATES LABOR PRODUCTIVITY LEGISLATION LIQUIDATION LIQUIDATION OF BANKS MARKET VALUE MERGERS MORAL HAZARD NONPERFORMING LOANS OFF BALANCE SHEET OWNERSHIP STRUCTURE POSITIVE EFFECTS PRIVATE BANKS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PUBLIC DEBT RESERVE REQUIREMENTS SHAREHOLDERS SMALL BANKS STABILIZATION STATE OWNERSHIP TOTAL FACTOR PRODUCTIVITY TRANSPORT UNDERESTIMATES
Online Access:	http://documents.worldbank.org/curated/en/2005/07/6074929/bank-privatization-productivity-evidence-brazil http://hdl.handle.net/10986/8249

id	okr-10986-8249
recordtype	oai_dc
spelling	okr-10986-82492021-04-23T14:02:43Z Bank Privatization and Productivity : Evidence for Brazil Nakane, Márcio I. Weintraub, Daniela B. ACCOUNTING ACQUISITION COSTS AGENCY PROBLEMS ASSETS AVERAGE PRODUCTIVITY BALANCE SHEET BANK BRANCHES BANK CLOSURES BANK DEPOSITS BANK PERFORMANCE BANK PRIVATIZATION BANK SIZE BANK SUPERVISION BANKING INDUSTRY BANKING SECTOR BANKING SYSTEM BANKS BONDS CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENT CENTRAL BANK COMMERCIAL BANKS CORPORATE CONTROL COST FUNCTIONS DEBT RESTRUCTURING DEMAND DEPOSITS DEPOSITS DEPRECIATION DEVELOPMENT AGENCIES DURABLE GOODS ECONOMIC GROWTH EMPLOYMENT FINANCIAL INSTITUTIONS FIXED INPUTS FOREIGN BANKS GDP GROWTH RATE HOUSING INCOME STATEMENTS INFLATION INSOLVENCY INTEREST RATES LABOR PRODUCTIVITY LEGISLATION LIQUIDATION LIQUIDATION OF BANKS MARKET VALUE MERGERS MORAL HAZARD NONPERFORMING LOANS OFF BALANCE SHEET OWNERSHIP STRUCTURE POSITIVE EFFECTS PRIVATE BANKS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PUBLIC DEBT RESERVE REQUIREMENTS SHAREHOLDERS SMALL BANKS STABILIZATION STATE OWNERSHIP TOTAL FACTOR PRODUCTIVITY TRANSPORT UNDERESTIMATES Over the past decade, the Brazilian banking industry has undergone major and deep transformations with several privatizations of state-owned banks, mergers and acquisitions, closing down of troubled banks, entry by foreign banks, and so on. The purpose of this paper is to evaluate the impacts of these changes in banking on total factor productivity. The authors first obtain measures of bank level productivity by employing the techniques due to Levinsohn and Petrin (2003). They then relate such measures to a set of bank characteristics. Their main results indicate that state-owned banks are less productive than their private peers, and that privatization has increased productivity. 2012-06-18T14:51:39Z 2012-06-18T14:51:39Z 2005-07 http://documents.worldbank.org/curated/en/2005/07/6074929/bank-privatization-productivity-evidence-brazil http://hdl.handle.net/10986/8249 English Policy Research Working Paper; No. 3666 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Brazil
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING ACQUISITION COSTS AGENCY PROBLEMS ASSETS AVERAGE PRODUCTIVITY BALANCE SHEET BANK BRANCHES BANK CLOSURES BANK DEPOSITS BANK PERFORMANCE BANK PRIVATIZATION BANK SIZE BANK SUPERVISION BANKING INDUSTRY BANKING SECTOR BANKING SYSTEM BANKS BONDS CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENT CENTRAL BANK COMMERCIAL BANKS CORPORATE CONTROL COST FUNCTIONS DEBT RESTRUCTURING DEMAND DEPOSITS DEPOSITS DEPRECIATION DEVELOPMENT AGENCIES DURABLE GOODS ECONOMIC GROWTH EMPLOYMENT FINANCIAL INSTITUTIONS FIXED INPUTS FOREIGN BANKS GDP GROWTH RATE HOUSING INCOME STATEMENTS INFLATION INSOLVENCY INTEREST RATES LABOR PRODUCTIVITY LEGISLATION LIQUIDATION LIQUIDATION OF BANKS MARKET VALUE MERGERS MORAL HAZARD NONPERFORMING LOANS OFF BALANCE SHEET OWNERSHIP STRUCTURE POSITIVE EFFECTS PRIVATE BANKS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PUBLIC DEBT RESERVE REQUIREMENTS SHAREHOLDERS SMALL BANKS STABILIZATION STATE OWNERSHIP TOTAL FACTOR PRODUCTIVITY TRANSPORT UNDERESTIMATES
spellingShingle	ACCOUNTING ACQUISITION COSTS AGENCY PROBLEMS ASSETS AVERAGE PRODUCTIVITY BALANCE SHEET BANK BRANCHES BANK CLOSURES BANK DEPOSITS BANK PERFORMANCE BANK PRIVATIZATION BANK SIZE BANK SUPERVISION BANKING INDUSTRY BANKING SECTOR BANKING SYSTEM BANKS BONDS CAPITAL FLOWS CAPITAL MARKETS CAPITAL REQUIREMENT CENTRAL BANK COMMERCIAL BANKS CORPORATE CONTROL COST FUNCTIONS DEBT RESTRUCTURING DEMAND DEPOSITS DEPOSITS DEPRECIATION DEVELOPMENT AGENCIES DURABLE GOODS ECONOMIC GROWTH EMPLOYMENT FINANCIAL INSTITUTIONS FIXED INPUTS FOREIGN BANKS GDP GROWTH RATE HOUSING INCOME STATEMENTS INFLATION INSOLVENCY INTEREST RATES LABOR PRODUCTIVITY LEGISLATION LIQUIDATION LIQUIDATION OF BANKS MARKET VALUE MERGERS MORAL HAZARD NONPERFORMING LOANS OFF BALANCE SHEET OWNERSHIP STRUCTURE POSITIVE EFFECTS PRIVATE BANKS PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PUBLIC DEBT RESERVE REQUIREMENTS SHAREHOLDERS SMALL BANKS STABILIZATION STATE OWNERSHIP TOTAL FACTOR PRODUCTIVITY TRANSPORT UNDERESTIMATES Nakane, Márcio I. Weintraub, Daniela B. Bank Privatization and Productivity : Evidence for Brazil
geographic_facet	Latin America & Caribbean Brazil
relation	Policy Research Working Paper; No. 3666
description	Over the past decade, the Brazilian banking industry has undergone major and deep transformations with several privatizations of state-owned banks, mergers and acquisitions, closing down of troubled banks, entry by foreign banks, and so on. The purpose of this paper is to evaluate the impacts of these changes in banking on total factor productivity. The authors first obtain measures of bank level productivity by employing the techniques due to Levinsohn and Petrin (2003). They then relate such measures to a set of bank characteristics. Their main results indicate that state-owned banks are less productive than their private peers, and that privatization has increased productivity.
format	Publications & Research :: Policy Research Working Paper
author	Nakane, Márcio I. Weintraub, Daniela B.
author_facet	Nakane, Márcio I. Weintraub, Daniela B.
author_sort	Nakane, Márcio I.
title	Bank Privatization and Productivity : Evidence for Brazil
title_short	Bank Privatization and Productivity : Evidence for Brazil
title_full	Bank Privatization and Productivity : Evidence for Brazil
title_fullStr	Bank Privatization and Productivity : Evidence for Brazil
title_full_unstemmed	Bank Privatization and Productivity : Evidence for Brazil
title_sort	bank privatization and productivity : evidence for brazil
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/07/6074929/bank-privatization-productivity-evidence-brazil http://hdl.handle.net/10986/8249
_version_	1764407566664728576

Bank Privatization and Productivity : Evidence for Brazil

Similar Items