| Description |
1 online resource (58 pages) |
| Series |
IMF Working Papers ; v. Working Paper No. 09/273 |
|
IMF Working Papers
|
| Contents |
Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Review of Foreign Banking Performance Studies; II. Theoretical predictions and related literature; III. Data and Empirical Methodology; 2. Country Coverage and Characteristics of Banking Sector; 3. Summary Statistics; IV. Empirical Results; 4. Impact of Foreign Ownership on Profitability-Individual Country Regressions; 5. Impact of Foreign Ownership on Profitability-Home and Host Characteristics; 6. Impact of Foreign Ownership on Profitability-Distance; V. Conclusions; 1. Variable Definitions and Sources; References |
| Summary |
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 improves over time, possibly as they adapt, and is better when the home country is geographical or cultural (but not institutional) close to the host country. These findings show the importance of controlling for heterogeneity among foreign banks and help reconcile some contradictory results found in the litera |
| Notes |
Footnotes |
|
Print version record |
| Subject |
Banks and banking, International.
|
|
Investments, Foreign.
|
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Banks and banking, International
|
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Investments, Foreign
|
| Form |
Electronic book
|
| Author |
Claessens, Stijn
|
| ISBN |
9781452781334 |
|
1452781338 |
|
