Competitive dynamics of strategic groups in the Portuguese banking industry

Detalhes bibliográficos
Autor(a) principal: Rosário, Albérico Travassos
Data de Publicação: 2021
Outros Autores: Moreira, António Carrizo, Macedo, Pedro
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10773/32686
Resumo: The objective of this paper is to analyse the retail banking behaviour in Portugal (2008–2010, 2011–2013 and 2014–2016), by taking into account the financial and economic assistance programme (FEAP) – monitored by the European Commission, the European Central Bank and the International Monetary Fund – that Portugal went through and that started in 2011. With competitive dynamics it is possible to understand the evolution of competitive strategies of the institutions of a strategic group within a given time horizon. Data were collected after consultation of reports and accounts of Banks from Banco de Portugal database. The results were analysed and discussed in light of the theory of strategic groups and their competitive dynamics allows us to conclude that: Banks implemented different competitive strategies; Strategic groups have dissimilar resources; and Strategic groups display different strategies. The 2008–2010 period can be considered as a ‘deregulated’ period, the 2011–2013 as a period of ‘imposed regulation’, and the 2014–2016 as a period of ‘strategic consolidation’ with strategic changes that have prompted strategic groupings of the various institutions as consequence of a low mobility barrier strategy.
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spelling Competitive dynamics of strategic groups in the Portuguese banking industryStrategic groupsCompetitive dynamicsStrategyBanking industryPortugalThe objective of this paper is to analyse the retail banking behaviour in Portugal (2008–2010, 2011–2013 and 2014–2016), by taking into account the financial and economic assistance programme (FEAP) – monitored by the European Commission, the European Central Bank and the International Monetary Fund – that Portugal went through and that started in 2011. With competitive dynamics it is possible to understand the evolution of competitive strategies of the institutions of a strategic group within a given time horizon. Data were collected after consultation of reports and accounts of Banks from Banco de Portugal database. The results were analysed and discussed in light of the theory of strategic groups and their competitive dynamics allows us to conclude that: Banks implemented different competitive strategies; Strategic groups have dissimilar resources; and Strategic groups display different strategies. The 2008–2010 period can be considered as a ‘deregulated’ period, the 2011–2013 as a period of ‘imposed regulation’, and the 2014–2016 as a period of ‘strategic consolidation’ with strategic changes that have prompted strategic groupings of the various institutions as consequence of a low mobility barrier strategy.El objetivo de este artículo es analizar el comportamiento del sector bancario minorista en Portugal (2008-2010, 2011-2013 y 2014-2016), teniendo en cuenta el programa de asistencia económica y financiera (FEAP) —monitoreado por la Comisión Europea, el Banco Central Europeo y el fondo Monetario Internacional— que Portugal atravesó y que empezó en el 2011. La dinámica competitiva permite comprender la evolución de las estrategias competitivas de las instituciones de un grupo estratégico dentro de un determinado horizonte temporal. La recolección de datos se realizó a través de la consulta de los informes y datos contables de los años analizados. Los resultados analizados y discutidos a la luz de la teoría de los grupos estratégicos y de la dinámica competitiva nos permiten concluir que: las instituciones bancarias tienen diferentes estrategias competitivas; los grupos estratégicos no tienen recursos similares; y las estrategias difieren entre los grupos estratégicos. El período 2008-2010 puede considerarse como un período ‘desregulado’, el 2011-2013 como un período de ‘regulación impuesta’ y el 2014-2016 como un período de ‘consolidación estratégica’ con cambios estratégicos que han dado lugar a agrupaciones estratégicas de las diversas instituciones como consecuencia de una estrategia de barrera de baja movilidad.UPV/EHU2021-12-02T10:54:33Z2021-01-01T00:00:00Z2021info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10773/32686eng1131-683710.5295/cdg.180975acRosário, Albérico TravassosMoreira, António CarrizoMacedo, Pedroinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-22T12:02:54Zoai:ria.ua.pt:10773/32686Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:04:15.180941Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Competitive dynamics of strategic groups in the Portuguese banking industry
title Competitive dynamics of strategic groups in the Portuguese banking industry
spellingShingle Competitive dynamics of strategic groups in the Portuguese banking industry
Rosário, Albérico Travassos
Strategic groups
Competitive dynamics
Strategy
Banking industry
Portugal
title_short Competitive dynamics of strategic groups in the Portuguese banking industry
title_full Competitive dynamics of strategic groups in the Portuguese banking industry
title_fullStr Competitive dynamics of strategic groups in the Portuguese banking industry
title_full_unstemmed Competitive dynamics of strategic groups in the Portuguese banking industry
title_sort Competitive dynamics of strategic groups in the Portuguese banking industry
author Rosário, Albérico Travassos
author_facet Rosário, Albérico Travassos
Moreira, António Carrizo
Macedo, Pedro
author_role author
author2 Moreira, António Carrizo
Macedo, Pedro
author2_role author
author
dc.contributor.author.fl_str_mv Rosário, Albérico Travassos
Moreira, António Carrizo
Macedo, Pedro
dc.subject.por.fl_str_mv Strategic groups
Competitive dynamics
Strategy
Banking industry
Portugal
topic Strategic groups
Competitive dynamics
Strategy
Banking industry
Portugal
description The objective of this paper is to analyse the retail banking behaviour in Portugal (2008–2010, 2011–2013 and 2014–2016), by taking into account the financial and economic assistance programme (FEAP) – monitored by the European Commission, the European Central Bank and the International Monetary Fund – that Portugal went through and that started in 2011. With competitive dynamics it is possible to understand the evolution of competitive strategies of the institutions of a strategic group within a given time horizon. Data were collected after consultation of reports and accounts of Banks from Banco de Portugal database. The results were analysed and discussed in light of the theory of strategic groups and their competitive dynamics allows us to conclude that: Banks implemented different competitive strategies; Strategic groups have dissimilar resources; and Strategic groups display different strategies. The 2008–2010 period can be considered as a ‘deregulated’ period, the 2011–2013 as a period of ‘imposed regulation’, and the 2014–2016 as a period of ‘strategic consolidation’ with strategic changes that have prompted strategic groupings of the various institutions as consequence of a low mobility barrier strategy.
publishDate 2021
dc.date.none.fl_str_mv 2021-12-02T10:54:33Z
2021-01-01T00:00:00Z
2021
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10773/32686
url http://hdl.handle.net/10773/32686
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1131-6837
10.5295/cdg.180975ac
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UPV/EHU
publisher.none.fl_str_mv UPV/EHU
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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