Karas, Alexei; Schoors, Koen; Weill, Laurent - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2008
We study whether bank efficiency is related to bank ownership in Russia. We find that foreign banks are more efficient … than domestic private banks and – surprisingly – that domestic private banks are not more efficient than domestic public … banks. These results are not driven by the choice of production process, the bank’s environment, management’s risk …