Credit markets in many Eastern European countries are now dominated by foreign-owned banks. We analyze the development …, the majority of loans from foreign banks is granted by acquired banks. The presence of foreign acquired banks as measured … by their relative number among the banks in our dataset increased somewhat slower than that of foreign de novo banks …

It has been argued that competing banks make inefficiently frequent use of collateralization in situations where they … collateralization in a model where banks do not have this superior screening skill. In particular, we study the effect of bank … competition on this choice. We find that competing banks use collateral less often than a monopolistic bank because competition …

get the loan at the expected terms, firms are more likely to perceive the banks’ lending policy positively. Moreover …

It has been argued that competing banks make inefficiently frequent use of collateralization in situations where they … collateralization in a model where banks do not have this superior screening skill. In particular, we study the effect of bank … competition on this choice. We find that competing banks use collateral less often than a monopolistic bank because competition …

how different entry modes affect the interest rate for loans in a model in which domestic banks possess private … information about their incumbent clients but foreign banks have better screening skills. Our model predicts that competition is … stronger if market entry occurs through a greenfield investment and therefore domestic banks' interest rates are lower. We find …