Engwall, Lars (Uppsala University) Marquardt, Rolf (Swedish Bankers Association) Pedersen, Torben (Department of International Economics and Management, Copenhagen Business School) Tschoegl, Adrian E. (University of Pennsylvania)
Additional information is available for the following
registered author(s):
The opening to foreign banks in Denmark, Finland, Norway and Sweden provides us with
an opportunity to study entry, survival and success in a situation where the entrants were
subject to the liability of foreignness but not the liability of newness. We find that despite
low survival rates, on balance the entrants gained market share (in terms of the assets of
the banking system) over time. Our results for the role of time, links to the home market
and problems facing domestic competitors were strongly in accordance with expectations
in the cases of Denmark, mixed or indeterminate for Finland and Norway, and strongly
opposite in the case of Sweden. Lastly, our results are broadly consistent with the Stiglitz-Weiss
argument that new entrants, in this case foreign banks, buy entry by accepting
worse lending risks.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Copenhagen Business School, Department of International Economics and Management in its series Working Papers with number
2-1999.
Length: 38 pages Date of creation: 01 Mar 1999 Date of revision: Handle: RePEc:hhb:cbsint:1999-002
Contact details of provider: Postal: Department of International Economics and Management, Copenhagen Business School, Howitzvej 60, DK-2000 Frederiksberg, Denmark Phone: +45 3815 2515 Fax: +45 3815 2500 Web page: http://www.cbs.dk/departments/int/ More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Lars Nondal).
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)