search query: @indexterm transition economies / total: 414
reference: 17 / 414
| Author: | Havrylchyk, O. Jurzyk, E. |
| Title: | Profitability of foreign banks in Central and Eastern Europe |
| Journal: | Economics of transition
2011 : JUL, VOL. 19:3, p. 443-472 |
| Index terms: | foreign banks multinational banking profit profitability transition economies Central Europe Eastern Europe |
| Freeterms: | mode parent institutions opportunity costs GDP |
| Language: | eng |
| Abstract: | Based on the data for 418 banks operating in Central and Eastern Europe (CEE) between 1993 and 2004 to analyze the impact of the mode of foreign bank entry and of the parent institutions' characteristics on bank profitability. It is found that foreign banks are affected both less and differently by domestic economic conditions, but do react to the health of the parent banks and the economic situations in their home countries. Their mode of entry is important: profits of banks entering via greenfield investment exhibit a complementary relationship with their parent banks, whereas profits of banks acquiring domestic institutions are negatively related to the opportunity costs in their home markets. |
SCIMA