The Impact of Banking Competition on the Innovation: An Empirical Investigation on the Banking Institutions of ASEAN Countries

Authors

  • Rachada Fongtanakit
  • Sudawan Somjai
  • Sriparinya Toopgrajank

Abstract

The current study aims to examine the banking competition on the innovation of the banking industry in ASEAN countries. The data were extracted from the database of the World Bank and individual banks from 2005 to 2016. The findings exposed thatbanking competition has paly an essential role in the innovation of the banking industry in ASEAN countries. Competition force the institutions to become more innovative and advance in their processes to enhance the performance of the institutions and interest of the consumers. These results give the guidelines to the policy implementers and policymakers that they increase the competition among the banks around the globe because this competition motivates the stakeholder of the banks towards innovation and advancement.

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Published

2020-04-02

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Section

Articles