Počet záznamů: 1

Foreign bank entry, bank efficiency and market power in Central and Eastern European Countries

  1. 1.
    0342818 - NHU-C 2011 RIV GB eng J - Článek v odborném periodiku
    Poghosyan, T. - Poghosyan, Arsen
    Foreign bank entry, bank efficiency and market power in Central and Eastern European Countries.
    Economics of Transition. Roč. 18, č. 3 (2010), s. 571-598 ISSN 0967-0750
    Výzkumný záměr: CEZ:MSM0021620846
    Klíčová slova: foreign bank entry * bank efficiency * market power
    Kód oboru RIV: AH - Ekonomie
    Impakt faktor: 0.536, rok: 2010

    This article analyses the implications of the recently observed sharp expansion of foreign banks in the Central and Eastern European Countries (CEECs) as measured by equity ownership. We show that the mode of foreign entry has a pivotal impact on the post-entry performance of banks in CEECs. Foreign greenfield banks are characterized by superior cost efficiency, compared with domestic and foreign-acquired banks. The efficiency of foreign-acquired banks deteriorates in the initial year of acquisition, but improves thereafter. Banks acquired by foreigners have less market power relative to domestic and foreign greenfield banks. Overall, the CEEC banking sectors have benefited from the increased foreign bank participation, both in terms of higher efficiency and more competition.
    Trvalý link: http://hdl.handle.net/11104/0185445