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標題: 外商銀行進入對本國銀行績效影響因素分析: 動態追蹤資料方法的應用
What makes foreign bank entry affect domestic bank markets? A dynamic panel data analysis
作者: 戴華偉
Dai, Hua-Wei
關鍵字: Foreign bank entry;外商銀行進入;Domestic bank markets;Economic development;Financial development;Business cycle;BankScope;Dynamic panel model;本國銀行績效;經濟發展程度;金融發展程度;景氣循環;動態追蹤資料
出版社: 應用經濟學系所
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The purpose of this paper is to investigate how the foreign bank entry in a host country affects domestic bank performance and whether this relationship depends on the economic and financial conditions. The panel data sample consists of 795 individual banks in 39 countries for the period 1991-2006.The departs from previous studies in the following three aspects. First, this paper adopts the percentage of foreign ownership as a proxy for the degree of foreign bank entry. Secondly, this paper comprehensively proposes three conditions affecting the relationship, such as economic development, financial development, and business cycles. Finally, in addition to the conventional static panel data model, Generalized Method of Moments (GMM) technique, a commonly used estimation procedure for dynamic panel data models, is applied.
Empirical results confirm the premise that economic and financial conditions do have an impact on the relationship in the dynamic panel framework, and are demonstrated as follows. Firstly, foreign bank entry is associated with a decrease in profitability and overhead expenses of the domestic bank particularly in using the dynamic panel model. Moreover, the lower level of economic development mitigates the positive effect of foreign bank entry on non-interest income and overhead expenses of domestic banks. Third, the results of financial development consists of two parts: the lower level of bank development mitigates the positive effect of foreign bank entry on net interest margin, profitability, overhead expenses and loan loss provision of domestic banks. The lower level of stock development mitigates the positive effects of foreign bank entry on non-interest incomes and loan loss provision, and strengthens the positive effects of foreign bank entry on profitability of domestic banks. Finally, the business cycle mitigates the positive effect of foreign bank entry on the margins and profit for domestic banks implying that business cycles are an important role in determining the effect of foreign bank entry. This paper concludes that foreign bank entry has direct effects on domestic bank performance, especially when conditional factors are taken into consideration.
其他識別: U0005-0207200720521100
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