Does foreign ownership foster bank performance?
We examine the effect of a rise in foreign ownership on banks' interest revenues and profitability using panel data of banks worldwide. We determine the exact yearly foreign ownership for each bank and construct a continuous foreign ownership variable. Estimating with the system generalized methods of moments (GMM) technique we find that a rise in foreign ownership negatively affects bank performance, providing evidence for the home field advantage theory.
Year of publication: |
2007
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Authors: | Lensink, Robert ; Naaborg, Ilko |
Published in: |
Applied Financial Economics. - Taylor & Francis Journals, ISSN 0960-3107. - Vol. 17.2007, 11, p. 881-885
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Publisher: |
Taylor & Francis Journals |
Saved in:
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