Economia de escala e eficiência nos bancos brasileiros após o Plano Real
DOI:
https://doi.org/10.11606/1980-53573243tspnKeywords:
Banks, Brazilian financial system, Scale economiesAbstract
This paper shows that there was a great incentive to Brazilian banks incur in fusion and acquisition after the Real Plan was established. This result is related to the existence of scale economies in Brazilian banks with more than one billion Realin asset. Such a conclusion is obtained with a stochastic frontier translog cost function, estimated by maximum-likelihood, that allows explicitly for inefficiencies related to moral hazard problems.
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