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Foreign Bank Entry And Bank Performance In Poland
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Book Synopsis Foreign Bank Entry and Bank Performance in Poland by : Katarzyna Mikolajczyk
Download or read book Foreign Bank Entry and Bank Performance in Poland written by Katarzyna Mikolajczyk and published by . This book was released on 2009 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using Poland as an example, the paper analyses the impact of foreign capital inflow on banking sector with regard to bank efficiency. The main research question is whether ownership structure plays a significant role for bank strategies, profitability and long-term stability of the banking market. The paper concentrates on analysing bank operational efficiency using ratio analysis and DEA models: balance sheet based and revenue based. Analysing performance of banks operating in Poland, the Authors use balance-sheet data of 50 largest Polish banks, comprising app. 90% of total banking assets for the period 1998-2007. The aim is to compare the recent Polish data with those of other countries, identifying factors which determine the efficiency of foreign and domestic banks. At the end, the paper tries to address the long-term challenges posed by the global banking crisis.
Book Synopsis Foreign bank entry and performance by : Ilko Naaborg
Download or read book Foreign bank entry and performance written by Ilko Naaborg and published by Eburon Uitgeverij B.V.. This book was released on 2007 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inherited or Earned? Performance of Foreign Banks in Central and Eastern Europe by : Ms.Emilia Magdalena Jurzyk
Download or read book Inherited or Earned? Performance of Foreign Banks in Central and Eastern Europe written by Ms.Emilia Magdalena Jurzyk and published by International Monetary Fund. This book was released on 2010-01-01 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a combination of propensity score matching and difference-in-difference techniques we investigate the impact of foreign bank ownership on the performance and market power of acquired banks operating in Central and Eastern Europe. This approach allows us to control for selection bias as larger but less profitable banks were more likely to be acquired by foreign investors. We show that during three years after the takeover, banks have become more profitable due to cost minimization and better risk management. They have additionally gained market share, because they passed their lower cost of funds to borrowers in terms of lower lending rates. Previous studies failed to pick up the improvements in performance of takeover banks, because they did not account for the performance of financial institutions before acquisitions.
Book Synopsis Foreign Bank Entry and Credit Allocation in Emerging Markets by : Sylwester Kozak
Download or read book Foreign Bank Entry and Credit Allocation in Emerging Markets written by Sylwester Kozak and published by International Monetary Fund. This book was released on 2009-12-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: We employ a unique data set containing bank-specific information to explore how foreign bank entry determines credit allocation in emerging markets. We investigate the impact of the mode of foreign entry (greenfield or takeover) on banks'' portfolio allocation to borrowers with different degrees of informational transparency, as well as by maturities and currencies. The impact of foreign entry on credit allocation may stem from the superior performance of foreign entrants ("performance hypothesis"), or reflect borrower informational capture ("portfolio composition hypothesis"). Our results are broadly in line with the portfolio composition hypothesis, showing that borrower informational capture determines bank credit allocation.m
Book Synopsis Foreign Bank Entry by : George R. G. Clarke
Download or read book Foreign Bank Entry written by George R. G. Clarke and published by . This book was released on 2004 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign banks are playing an increasingly large role in many developing countries, holding more than 50 percent of banking assets in several of these countries. But important issues about foreign bank entry continue to be debated.In recent years foreign bank participation has increased tremendously in several developing countries. In Argentina, Chile, the Czech Republic, Hungary, and Poland, for example, more than 50 percent of banking assets are now in foreign-controlled banks. In Asia, Africa, the Middle East, and the former Soviet Union the rate of entry by foreign banks has been slower, but the trend is similar.Although the number of countries welcoming foreign banks is growing, many questions about foreign bank entry are still being debated, including:ʼn What draws foreign banks to a country?ʼn Which banks expand abroad?ʼn What do foreign banks do once they arrive?ʼn How does the mode of a bank's entry - for example, as a branch of its parent or as an independent subsidiary company - affect its behavior?Clarke and his coauthors summarize current knowledge on these issues. In addition, since the existing literature focuses heavily on industrial countries, they put forth an agenda for further study of the effects of foreign bank entry in developing countries.This paper - a product of the Office of the Senior Vice President, Development Economics - is a background paper for World Development Report 2002: Institutions for Markets. The authors may be contacted at [email protected], [email protected], [email protected], or [email protected].
Download or read book Foreign Bank Entry written by and published by World Bank Publications. This book was released on 2001 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign banks are playing an increasingly large role in many developing countries, holding more than 50 percent of banking assets in several of these countries. But important issues about foreign bank entry continue to be debated.
Book Synopsis National Bank of Poland by : Mr.Piero Ugolini
Download or read book National Bank of Poland written by Mr.Piero Ugolini and published by International Monetary Fund. This book was released on 1996-11-04 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poland was the first centrally planned economy in Eastern Europe to leave the Soviet bloc and introduce systemic reforms in all sectors of the economy. The transformation of the National Bank from a monobank to an institution of a market-based system and the Polish financial sector into a market-oriented banking system was an important element of the reform process and received strong support from the IMF and the international community. This paper describes the steps taken by the National Bank, analyzes the monetary situation, and makes recommendations.
Author :Hjartarson, Joshua Publisher :Library and Archives Canada = Bibliothèque et Archives Canada ISBN 13 :9780494078204 Total Pages :498 pages Book Rating :4.0/5 (782 download)
Book Synopsis Foreign Bank Entry and Postcommunist Financial Sector Transformation [microform]: the Cases of Hungary and Poland by : Hjartarson, Joshua
Download or read book Foreign Bank Entry and Postcommunist Financial Sector Transformation [microform]: the Cases of Hungary and Poland written by Hjartarson, Joshua and published by Library and Archives Canada = Bibliothèque et Archives Canada. This book was released on 2005 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation examines the phenomenon of foreign bank entry and its impact on the capacity of states to pursue their goals in the financial sector. In contrast to the extensive literature on international short-term capital flows, political economists have neglected this important and growing aspect of globalization. Hungary and Poland are two similar cases with banking sectors dominated by foreign banks. They are also engaged in postcommunist reform. Yet, their capacity to regulate and effectively transform their banking sector varies considerably. Based on numerous interviews of the countries' finance ministers, central bankers, regulators, and foreign and domestic bank managers, this dissertation argues that the sequencing of state building and foreign bank entry affects the structure of state-bank relations and thus the state's transformative capacity in the financial sector.
Book Synopsis Changes in the Financing Structure of the Real Economy in Poland - Challenges for the Banking Sector by : Dawid Żochowski
Download or read book Changes in the Financing Structure of the Real Economy in Poland - Challenges for the Banking Sector written by Dawid Żochowski and published by . This book was released on 2013 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Significant changes have occurred in the Polish banking sector over the last ten years. In the mid-1990s, due to low market entry requirements, many small private commercial banks, which were frequently established by foreign banks seeking to enter the Polish market, operated alongside state banks. A wave of privatisation occurred in the banking sector, which was followed by a period of consolidation and restructuring. These processes, coupled with a simultaneous increase in foreign investor participation, enhanced management quality and banks' efficiency, primarily with regard to risk management. The changes, which took place in the Polish banking sector in the second half of the 1990s, improved access to loans for corporates and households alike. As a result, lending grew rapidly. The increase was, on average, more pronounced in the household sector than in the corporate one, which brought the composition of bank loans to the private sector closer to what exists in the European Union. This convergence has accelerated over the last five years. The purpose of this paper is to present the phenomena which influenced the evolution of debt structure of the real economy sector in Poland as well as to discuss related future challenges.
Book Synopsis Effects of Foreign Banks Entry on Bank Performance in the CEE Countries by : Janek Uiboupin
Download or read book Effects of Foreign Banks Entry on Bank Performance in the CEE Countries written by Janek Uiboupin and published by . This book was released on 2004 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Foreign Bank Entry and Credit Allocation in Emerging Markets by :
Download or read book Foreign Bank Entry and Credit Allocation in Emerging Markets written by and published by . This book was released on 2009 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: We employ a unique data set containing bank-specific information to explore how foreign bank entry determines credit allocation in emerging markets. We investigate the impact of the mode of foreign entry (greenfield or takeover) on banks' portfolio allocation to borrowers with different degrees of informational transparency, as well as by maturities and currencies. The impact of foreign entry on credit allocation may stem from the superior performance of foreign entrants ("performance hypothesis"), or reflect borrower informational capture ("portfolio composition hypothesis"). Our results are broadly in line with the portfolio composition hypothesis, showing that borrower informational capture determines bank credit allocation.
Book Synopsis Foreign Bank Entry, Performance of Domestic Banks, and Sequence of Financial Liberalization by : Nihal Bayraktar
Download or read book Foreign Bank Entry, Performance of Domestic Banks, and Sequence of Financial Liberalization written by Nihal Bayraktar and published by . This book was released on 2004 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: One observation based on descriptive analysis is that the degree of openness to foreign bank entry varies a great deal, which is not correlated with average income levels or with GDP growth. Second, the sequence of financial liberalization matters for the performance of the domestic banking sector: After controlling for macroeconomic variables and grouping countries by their sequence of liberalization, foreign bank entry has significantly improved domestic bank competitiveness in countries that liberalized their stock market first. In these countries, both profit and cost indicators are negatively related to the share of foreign banks. Countries that liberalized their capital account first seem to have benefited less from foreign bank entry compared with the other two sets of countries"--Abstract.
Book Synopsis Efficiency of the Polish Banking Industry by : Olena Havrylchyk
Download or read book Efficiency of the Polish Banking Industry written by Olena Havrylchyk and published by . This book was released on 2008 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present paper investigates the efficiency of the Polish banking industry between 1997-2001. Our preferred methodology is Data Envelopment Analysis, which allows us to distinguish between cost, allocative, technical, pure technical, and scale efficiency. Additionally, we perform a number of tests to investigate whether domestic and foreign banks come from the same population. Finally, we attempt to shed light on the determinants of efficiency. Our results indicate that bank efficiency has not improved during the years analyzed. Whereas greenfield banks have achieved higher levels of efficiency than domestic banks, foreign banks that acquired domestic institutions have not succeeded in enhancing their efficiency.
Book Synopsis Does the Entry Mode of Foreign Banks Matter for Bank Efficiency? Evidence from Transition Countries by : Dev V. Vencappa
Download or read book Does the Entry Mode of Foreign Banks Matter for Bank Efficiency? Evidence from Transition Countries written by Dev V. Vencappa and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of specific modes of entry of foreign banks, i.e. greenfield investment versus merger and acquisition, on bank performance in three transition economies - the Czech Republic, Hungary, and Poland. We use stochastic frontier analysis to model and measure the cost efficiency of banks. We adopt a maximum likelihood approach to estimation in which the variance of the one-sided error term is modeled jointly with the cost frontier, thus enabling us to retrieve efficiency scores, as well as estimating the various determinants of X-inefficiency. We first find that foreign banks are generally more cost efficient than their domestic counterparts, a result that confirms those of the existing empirical literature. We then turn our focus to comparative performance of greenfield banks versus merger and acquisition banks (Mamp;As), and of Mamp;As versus domestic banks. The results show that on average, Mamp;As are surpassed in terms of efficiency by greenfields banks, but no cost efficiency difference is apparent between Mamp;As and domestic banks. However, we find a strong age effect with respect to Mamp;As which suggests that the evolution of Mamp;As' efficiency follows an inverse U-shape, that means Mamp;As tend to get more inefficient following the acquisition, but approximately 4 years and a haft later, their efficiency starts to improve.
Book Synopsis Profitability of Foreign Banks in Central and Eastern Europe by : Olena Havrylchyk
Download or read book Profitability of Foreign Banks in Central and Eastern Europe written by Olena Havrylchyk and published by . This book was released on 2006 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tiivistelmä.
Book Synopsis Banking Efficiency, Consolidation and Foreign Ownerhip: Evidence from the Polish Banking Market by :
Download or read book Banking Efficiency, Consolidation and Foreign Ownerhip: Evidence from the Polish Banking Market written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The thesis consists of four separate papers that can be read individually. In the first paper "Efficiency of the Polish Banking Industry: Foreign versus Domestic Banks" we analyze the efficiency of foreign and domestic banks. The second paper entitled "Foreign Acquisitions and Industry Wealth Effects of Privatisation: Evidence from the Polish Banking Industry" investigates the reaction of Polish bank stocks to acquisition by foreign investors. The third paper "Consolidation of the Polish Banking Sector: Consequences for the Banking Institutions and the Public" was motivated by the consolidation process in Poland and is the first attempt of its analysis. In the fourth paper "Does the Bank Lending Channel Work in a Transition Economy? A Case of Poland" we study the role of Polish banks in the transmission of the monetary policy. Our findings indicate that foreign ownership brings a number of positive developments to banks in transition countries, such as much needed capital and know-how. Moreover, the results show that all banks, not only those acquired by foreign investors, benefit from increased presence of foreign investors. However, we also discover that the results are mainly due to higher efficiency of greenfield banks and the fact that foreign investors target slightly more efficient institutions. Finally, we also document that foreign bank ownership has an impact on the transmission of the monetary policy.
Book Synopsis Foreign Bank Entry Into the Markets of Poland, Hungary and the Czech Republic by : Susan Scott-Green
Download or read book Foreign Bank Entry Into the Markets of Poland, Hungary and the Czech Republic written by Susan Scott-Green and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
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