Bank lending, crises, and changing ownership structure in Central and Eastern European countries

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Title: Bank lending, crises, and changing ownership structure in Central and Eastern European countries
Author(s): Allen, F
Jackowicz, K
Kowalewski, O
Kozlowski, L
Item Type: Journal Article
Abstract: We examine the interactions of bank lending dynamics, ownership structures, and crisis phenomena in the banking systems of Central and Eastern European (CEE) countries. Using a panel dataset of more than 400 banks for the period from 1994–2010, we show that the impact of ownership structure on a bank’s lending activities in CEE countries was conditional upon the type of crisis, namely, whether it was a host, home, global, or simultaneous crisis. In contrast, our evidence indicates that bank-specific characteristics, such as deposit growth and profitability ratios, are significant determinants of credit growth during both normal economic times and crisis periods, regardless of the crisis type. Moreover, we provide indirect evidence of the benefits of banking sector diversification dependent upon the criterion of parent banks’ country of origin.
Publication Date: 14-May-2015
Date of Acceptance: 8-May-2015
URI: http://hdl.handle.net/10044/1/49896
DOI: https://dx.doi.org/10.1016/j.jcorpfin.2015.05.001
ISSN: 0929-1199
Publisher: Elsevier
Start Page: 494
End Page: 515
Journal / Book Title: Journal of Corporate Finance
Volume: 42
Copyright Statement: © 2015 Elsevier B.V. All rights reserved. This manuscript is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Keywords: Social Sciences
Business, Finance
Business & Economics
Foreign banks
Domestic banks
Credit growth
Crisis
Emerging markets
INTERNAL CAPITAL-MARKETS
FINANCIAL SHOCKS
FOREIGN ENTRY
PANEL-DATA
TRANSITION
GLOBALIZATION
TRANSMISSION
SECTOR
FIRMS
1502 Banking, Finance And Investment
Finance
Publication Status: Published
Appears in Collections:Imperial College Business School



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