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Factors influencing the profits and size of Greek banks operating abroad: a pooled time-series study

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Author Info
Kyriaki Kosmidou
Fotios Pasiouras
Angelos Tsaklanganos

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Abstract

This paper extends the literature on foreign banking by developing a model that attempts to explain the performance of Greek banks operating abroad using a balanced pooled time-series dataset. Five variables are drawn from the multinational banking literature and represent ownership-specific and location-specific factors. The profits of the subsidiaries operating abroad were found to be related to the profits of the parent bank, the trade between Greece and the host country, the difference in the GDP growth between the two countries, the years operating in the host market and the time trend. The size of the subsidiaries was found to be related to the size of the parent bank, the trade, the GDP growth, the years of operation and the time trend. Furthermore, the results indicate that models developed using variables drawn from the multinational banking literature provide a better description of the size of the subsidiaries of Greek banks operating abroad rather than their profits.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Applied Financial Economics.

Volume (Year): 15 (2005)
Issue (Month): 10 (June)
Pages: 731-738
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Handle: RePEc:taf:apfiec:v:15:y:2005:i:10:p:731-738

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  1. Goldberg, Lawrence G. & Johnson, Denise, 1990. "The determinants of US banking activity abroad," Journal of International Money and Finance, Elsevier, vol. 9(2), pages 123-137, June. [Downloadable!] (restricted)
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  3. K. Kosmidou & F. Pasiouras & M. Doumpos & C. Zopounidis, 2004. "Foreign versus domestic banks’ performance in the UK: a multicriteria approach," Computational Management Science, Springer, vol. 1(3), pages 329-343, October. [Downloadable!] (restricted)
  4. Beverly Hirtle, 1991. "Factors affecting the competitiveness of internationally active financial institutions," Quarterly Review, Federal Reserve Bank of New York, issue Spr, pages 38-51.
  5. Lensink, Robert & Hermes, Niels, 2004. "The short-term effects of foreign bank entry on domestic bank behaviour: Does economic development matter?," Journal of Banking & Finance, Elsevier, vol. 28(3), pages 553-568, March. [Downloadable!] (restricted)
  6. Rama Seth, 1992. "Profitability of foreign banks in the United States," Research Paper 9225, Federal Reserve Bank of New York.
  7. Claessens, Stijn & Glaessner, Tom, 1998. "The internationalization of financial services in Asia," Policy Research Working Paper Series 1911, The World Bank. [Downloadable!]
  8. Sathye, Milind, 2001. "X-efficiency in Australian banking: An empirical investigation," Journal of Banking & Finance, Elsevier, vol. 25(3), pages 613-630, March. [Downloadable!] (restricted)
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  11. Claessens, Stijn & Demirguc-Kunt, Asl[iota] & Huizinga, Harry, 2001. "How does foreign entry affect domestic banking markets?," Journal of Banking & Finance, Elsevier, vol. 25(5), pages 891-911, May. [Downloadable!] (restricted)
  12. Williams, Barry, 1998. "Factors affecting the performance of foreign-owned banks in Australia: A cross-sectional study," Journal of Banking & Finance, Elsevier, vol. 22(2), pages 197-219, February. [Downloadable!] (restricted)
  13. Brimmer, Andrew F & Dahl, Frederick R, 1975. "Growth of American International Banking: Implications for Public Policy," Journal of Finance, American Finance Association, vol. 30(2), pages 341-63, May. [Downloadable!] (restricted)
  14. Molyneux, Philip & Seth, Rama, 1998. "Foreign Banks, Profits and Commercial Credit Extension in the United States," Applied Financial Economics, Taylor and Francis Journals, vol. 8(5), pages 533-39, October. [Downloadable!] (restricted)
    Other versions:
  15. Demirguc, Asli & Huizinga, Harry, 1999. "Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence," World Bank Economic Review, Oxford University Press, vol. 13(2), pages 379-408, May.
    Other versions:
  16. DeYoung, Robert & Nolle, Daniel E, 1996. "Foreign-Owned Banks in the United States: Earning Market Share or Buying It?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(4), pages 622-36, November. [Downloadable!] (restricted)
  17. Williams, Barry, 1998. "A pooled study of the profits and size of foreign banks in Australia," Journal of Multinational Financial Management, Elsevier, vol. 8(2-3), pages 211-231, September. [Downloadable!] (restricted)
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