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the efficiency of banks? Third, what are the risk effects of international bank mergers? We begin with a brief summary of …
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' international activities. We find that country- and bank-specific variables capturing size have a major impact on banks' foreign …
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The presence of other firms in a foreign market can have a double-edged effect on the profitability of new entrants. Firstly, a larger presence of other firms implies more competition and thus lowers the earnings prospects of new entrants. Secondly, there might be positive spill-over effects...
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