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The theoretical and practical issues associated with competition have been in the focus of the economic theory for ages. But it was in the 1930-s when Economics of Imperfect Competition by Joan Robinson and Theory of Monopolistic Competition by Edward Chamberlin were published which marked the beginning of the theory of competition as a systemic phenomenon peculiar to any market economy. Today the theory of competition is developing in Russia and in other countries.
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№ 1(1)
01 january 2007 year
Rubric: Industry competition (the banking sector) The author: Korobov I. Y. |
A market cannot operate without competition, and the banking services market is not an exception to the rule. What is more, if we take a retrospective glance, the competition influence is more noticed on this particular market than on any other. The competition on this market became one of the most important factors in the evolutionary development of a banking enterprise from a banking office.
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№ 1(1)
01 january 2007 year
Rubric: Industry competition (the banking sector) The author: Moiseev S. R. |
The article provides the analysis of the Russian banking market competition through the modern non-rating-based approach to the research. In particular, the author uses the H-statistics model in order to assess the competitive environment of more than 800 banks which account for 98% of the market. Econometric analysis shows that when there are a considerable number of players on the market the Russian banking sector competition is less fierce than in Central and Eastern European countries.
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№ 1(1)
01 january 2007 year
Rubric: Industry competition (the banking sector) The author: Timofeev S. V. |
Competition protection in the banking sector should be made a priority issue in the state policy as the unhealthy environment in the banking services sector hinders the economic development, restrains the investment inflow, and affects the QoS. Fair competition and market discipline imply the strict rules of the game, effective system of punishment for non-abidance, ruling out of the double standards, and the legal restriction of banking management's and state officials' rights when their informal contacts are concerned.
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The Russian stock market emerged 15 years ago. It saw both ups and downs but never turned into an effective mechanism able to induce large-scale investments. It is no wonder the Russian businesses which are able to attract investors have their own marketing strategies aimed at entering foreign markets. The success of the strategy depends largely on the knowledge and understand¬ing of the organizational specific features, and its development trends and rules.
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The absolutely effective stock markets are an idealistic theory not applicable to practice. The real
behavior trends ordinary shares demonstrate on a year-to-year basis prove that the statement is
true. In other words, there are regular cycles, or anomalies, of the shares life cycle. It is important for the market players (both those who deal with the market capitalization and those who develop an investment strategy to increase the company competitiveness level) to know about them.
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