文章基本信息

标题：Acquisition versus greenfield: the impact of the mode of foreign bank entry on information and bank lending rates
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作者：Sophie Claeys ; Christa Hainz
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2006
出版社：European Central Bank
摘要：Policy makers often decide to liberalize foreign bank entry but at the same time restrict the mode of entry. We study how di®erent entry modes a®ect the interest rate for loans in a model in which domestic banks possess private information about their incumbent clients but foreign banks have better screening skills. Our model predicts that competition is stronger if market entry occurs through a green¯eld investment and therefore domestic banks' interest rates are lower. We ¯nd empirical support for our results for a sample of banks from 10 transition countries of Eastern Europe for the period 1995-2003.
关键词：Banking; Foreign Entry; Mode of Entry; Interest Rate; Asymmetric;Information