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| Author: | Tihanyi, L. Hegarty, W.H. |
| Title: | Political interests and the emergence of commercial banking in transition economies |
| Journal: | Journal of Management Studies
2007 : JUL, VOL. 44:5, p. 788-813 |
| Index terms: | banking privatization transition economies emerging markets politics government Central Europe Eastern Europe Czech Republic Hungary |
| Language: | eng |
| Abstract: | This paper deals with how interactions btw. government (here as: gov.) agencies and banking (here as: b-g.) organizations (as .orgs.) led to the emergence of commercial (as: comrcl.) b-g. in the Czech Republic and Hungary during the 1990s. Based on interviews with bank managers at 6 large banks, gov. officers, and experts at other orgs., it is learnt how actions based on different political (as: pol.) ideologies shaped the field of b-g. Three important problems characterized comrcl. b-g. in the two countries: 1. the disposal of bad loans, 2. the privatization of banks, and 3. the establishment of b-g. services. It is argued that these problems' solutions based on the changing pol. interests of organizational actors and regulators represent the phases of institutional development in comrcl. b-g. during the 1990s. |
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