engleski

Comparative analysis of market concentration and efficiency of selected financial sector entities in th Republic of Croatia

Today Croatian financial sector is characterized by a growing number of market players with the indispensable superiority of large ones, so there is a growing need for accurate monitoring and analysis of market concentration and its impact on efficiency. In the past few years, the market structure of the entire financial sector has changed dramatically. The dominant role of banks is undermined by the growing importance of non- depository institutions, which are increasingly entering the banking markets through their innovative solutions, resulting in reduced market power for banks. The process of globalization, liberalization and deregulation has affected the level of concentration and efficiency. In this context, the main objective of this paper is to examine and analyse the concentration intensity of the banking and insurance sectors in the Republic of Croatia by analysing the ten-year period from 2009 to 2018. The last two research periods are accompanied by an expansion of economic activity, and its effects on concentration will be presented within this paper. Also, the concentration on the banking market will be compared with the concentration on the insurance market and we will investigate their impact on the efficiency of the entire financial sector.

market concentration, competition, efficiency, banks, insurance companies

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