Showing 1 - 10 of 76
China employs a unique foreign bank entry model. Instead of allowing full foreign control of domestic banks, foreign … investors are expected to commit to bank corporate governance improvement and new technology support. In this context, the paper … examines the effect of foreign strategic investors on Chinese bank performance. Based on a unique data set of bank ownership …
Persistent link: https://www.econbiz.de/10010818584
We study the consequences of CEO turnover announcements on the stock prices of firms in China, where most listed firms remain majority-owned by the state. Our proposition is that state ownership may affect stock market reaction to CEO replacement because state-owned firms often pursue multiple,...
Persistent link: https://www.econbiz.de/10010818586
In this paper, we analyze the influence of the state on the improvement of corporate governance in Russia of the early 2000s. Taking into account the low quality of market institutions in the 1990s (i.e., the market failure phenomenon), we assume that state intervention as the “second best”...
Persistent link: https://www.econbiz.de/10005207080
Who gains from inter-corporate credit? To answer this question we investigate the reactions of the stock prices of both the issuing and receiving firms to the announcements of 719 inter-corporate loans that took place between 2005 and 2012 in China. We find that the average abnormal return for...
Persistent link: https://www.econbiz.de/10011144116
This paper investigates the effects of focus versus diversification on bank performance using data on Chinese banks … bank managers and regulators in China as well as in other emerging economies. …
Persistent link: https://www.econbiz.de/10008540685
Conventional wisdom in banking argues that diversification tends to reduce bank risk and improve performance, but the … to benefit more from being diversified. This analysis provides important strategic and policy implications for bank …
Persistent link: https://www.econbiz.de/10008466294
This paper examines the effects of market deregulation on consumers and state commercial banks in China, a large developing country. I jointly estimate a system of differentiated product demand and pricing equations under alternative market structures. While China's banking reforms overall have...
Persistent link: https://www.econbiz.de/10008626078
This study examines how bank ownership influenced the credit supply during the recent financial crisis in Russia, where … original approach based on stochastic frontier analysis. Our findings suggest bank ownership affected credit supply during the …
Persistent link: https://www.econbiz.de/10009645239
The recent financial crisis emphasised the need for effective financial stability analyses and tools for detecting systemic risk. This paper looks at assessment of banking sector resilience through stress testing. We argue such analyses are valuable even in emerging economies that suffer from...
Persistent link: https://www.econbiz.de/10009649724
This paper considers whether local bank participation exerts an impact on the spreads for syndicated loans in Russia … variables including information on local bank participation and the characteristics of loans and borrowers. Unlike earlier … local presence may influence a foreign bank’s monitoring ability and access to information about borrowers. We observe no …
Persistent link: https://www.econbiz.de/10005034669