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The effects of foreign ownership on competition in the banking industry: The key role of financial reforms

机译:外资所有权对银行业竞争的影响:金融改革的关键作用

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This study examines the impact of foreign ownership on bank competition and discusses whether the relation changes with various proxies of financial reform. We contribute to the extant literature by using the bank-level ratio of foreign ownership and applying five individual sub-indices of financial reforms from 50 countries. Within the emerging Asia and Middle East and North Africa (MENA) countries, our findings show that a higher ratio of foreign ownership in a bank can enhance competition, whereas a liberalization policy on banking supervision instead mitigates this positive relation between foreign ownership and competition. Conversely, the liberalization on bank privatization in Latin America and Sub-Saharan Africa (SSA) countries significantly increases competition. Thus, financial reforms do matter to the foreign ownership-bank competition nexus. (C) 2016 Elsevier B.V. All rights reserved.
机译:本研究考察了外资所有权对银行竞争的影响,并探讨了这种关系是否随着金融改革的各种代理而发生变化。我们通过利用外资在银行中的持股比例和应用来自50个国家的五个单独的金融改革分指数,为现有文献做出了贡献。在新兴的亚洲以及中东和北非(MENA)国家中,我们的研究结果表明,银行中外资拥有率的提高可以增强竞争,而银行监管的自由化政策反而减轻了外资与竞争之间的这种积极关系。相反,拉丁美洲和撒哈拉以南非洲(SSA)国家的银行私有化自由化大大增加了竞争。因此,金融改革对外国所有制银行竞争关系确实很重要。 (C)2016 Elsevier B.V.保留所有权利。

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