全球智库信息集成服务系统(G2TT): DP12505 Are international banks different? Evidence on bank performance and strategy

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP12505
	DP12505 Are international banks different? Evidence on bank performance and strategy
	Harry Huizinga; Asli Demirgüç-Kunt; Ata Bertay
发表日期	2017-12-14
出版年	2017
语种	英语
摘要	This paper provides evidence on how bank performance and strategies vary with the degree of bank internationalization using data for 113 countries over the 2000-2015 period. We investigate if international banks headquartered in developing countries behave and perform differently than those headquartered in high-income countries. Results show that compared to domestic banks, international banks have lower valuations and achieve lower returns on equity in general. This suggests on average bank internationalization has progressed beyond the point where it is in the interest of bank shareholders, potentially because of corporate governance failures and too-big-to-fail subsidies that accrue to large and complex banks. In contrast, developing country international banks seem to have benefited from internationalization compared to their high-income counterparts. Furthermore, for international banks headquartered in developing countries, bank internationalization reduces the cyclicality of their domestic credit growth with respect to domestic GDP growth, smoothing out local downturns. In contrast, if the international bank is from a high-income country investing in a developing country, its lending is relatively procyclical, which can be destabilizing.
主题	International Macroeconomics and Finance
关键词	Bank internationalization South-south banking Risk-taking Procyclicality
URL	https://cepr.org/publications/dp12505
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/541316
推荐引用方式 GB/T 7714	Harry Huizinga,Asli Demirgüç-Kunt,Ata Bertay. DP12505 Are international banks different? Evidence on bank performance and strategy. 2017.