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foreign bank ownership on the performance and market power of acquired banks operating in Central and Eastern Europe. This … investors. We show that during three years after the takeover, banks have become more profitable due to cost minimization and … borrowers in terms of lower lending rates. Previous studies failed to pick up the improvements in performance of takeover banks …
Persistent link: https://www.econbiz.de/10014404324
This paper assesses whether cross-border M and A decisions exhibit network effects. We estimate exponential random graph models (ERGM) and temporal exponential random graph models (TERGM) to evaluate the determinants of cross-country M and A investments at the sectoral level. The results show...
Persistent link: https://www.econbiz.de/10012154966
We develop and test the hypothesis that foreign direct investment promotes corporate governance spillovers in the host country. Using firm-level data on cross-border mergers and acquisitions (M&A) and corporate governance in 22 countries, we find that cross-border M&As are associated with...
Persistent link: https://www.econbiz.de/10014394542
Studying a large number of banks in various countries between 1999 and 2006, we document that foreign banks perform better when from a high income country, when host country competition is limited, and when they are large and rely more on deposits for funding. Foreign banks'' performance...
Persistent link: https://www.econbiz.de/10014402561
We explore the global footprint of Chinese banks and compare it with that of other bank nationalities. Chinese banks … across all bank nationalities, we find that larger distances deter cross-border bank lending to EMDEs more than to AEs. For …
Persistent link: https://www.econbiz.de/10012392600
Korea was hit hard by the 2008 global financial crisis, with the foreign bank deleveraging channel coming prominently … through the bank lending channel to a slowdown in credit growth. The analysis finds that a sharp decline in external funding …
Persistent link: https://www.econbiz.de/10014395242
The Great Recession affected export and import patterns in our sample countries, and these changes, coupled with a more volatile external environment, have profound impact on our estimates of real exchange rate misalignments and projections of sustainable real exchange rates. We find that real...
Persistent link: https://www.econbiz.de/10014398417
The paper focuses on the impact of diversification on bank performance and how consolidation through mergers and … indigenous banks, as compared to foreign competitors in the ECCU. We then simulate bank mergers both within and across ECCU … countries by combining individual banks' balance sheets. The simulation shows that a typical indigenous bank could better …
Persistent link: https://www.econbiz.de/10011852546
This paper analyses the process of disintermediation, the progress in consolidation, the impact of new technologies, and the role of ownership and control structures for the euro area banking sector. The impact of these trends on competition policy, ""too big to fail"" concerns, and financial...
Persistent link: https://www.econbiz.de/10014403646
. While in most other countries foreign bank entry took the form of direct takeover or majority shareholding, foreign …
Persistent link: https://www.econbiz.de/10014400612