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), whereas this paper aims at clarifying when the most likely form of their interaction is cooperation and when competition. To … rationale for cooperation) or substitutable (which gives the rationale for competition) was proposed. This study is a critical … so far address the questions: why banks collaborate with FinTechs (reasons) and how they do it (forms of cooperation …
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I study the capital structure of non-financial firms that own a financial subsidiary. In a panel of U.S. non-financial firms over 1984-2007 I find that a significant part of the overall Compustat non-financial universe maintains a financial subsidiary. Such non-financial firms have higher...
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Foreign financial institutions bought overwhelming stakes in central and east European (CEE) banks during the postcommunist transition. Recent estimates suggest that foreign banks, mostly western, own over sixty percent of all CEE banking assets, and in seven CEE states, the figure is over...
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Foreign Banks have engendered followers and detractors in each host dispensation and in their home countries. After the recent bank crisis they continue increasing their presence in Asian and Emerging markets (Claessens and Horens, 2014), yet activity in Markets for Corporate Control has been...
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This study investigates the implications of cross-country differences in banking regulation and supervision for the international subsidiary locations and risk of U.S. bank holding companies (BHCs). We find that U.S. BHCs are more likely to operate subsidiaries in countries with weaker...
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