The Dynamics of Foreign Bank Ownership : Evidence from Hungary
The early start of the process of bank restructuring and privatization in Hungary provides a longer and richer amount of evidence than that available for any other transition economy. The authors analyze the dynamics of bank restructuring in Hungar...
| Main Authors: | , , |
|---|---|
| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/08/2494639/dynamics-foreign-bank-ownership-evidence-hungary http://hdl.handle.net/10986/18123 |
| id |
okr-10986-18123 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-181232021-04-23T14:03:41Z The Dynamics of Foreign Bank Ownership : Evidence from Hungary Majnoni, Giovanni Shankar, Rashmi Varhegyi, Eva BAD DEBTS BANK ASSETS BANK BRANCHES BANK CAPITAL BANK LENDING BANK LOANS BANK PERFORMANCE BANK PRIVATIZATION BANK RESTRUCTURING BANKING LEGISLATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKS BID CAPITAL ADEQUACY CAPITAL ADEQUACY RATIOS CAPITAL BASE CAPITAL REQUIREMENTS CAPITALIZATION CAR CENTRAL BANK CENTRAL BANK FUNCTIONS COMMERCIAL BANKS COMPANY LAW COMPANY MANAGEMENT COMPARATIVE ADVANTAGE CONSOLIDATION CORPORATE GOVERNANCE DEPOSITS DOMESTIC COMPETITORS ECONOMETRIC ANALYSIS ELASTICITY ELASTICITY OF DEMAND EMERGING ECONOMIES EQUITY CAPITAL EXPENDITURES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL LIBERALIZATION FINANCIAL MARKETS FINANCIAL REFORMS FINANCIAL SECTOR FINANCIAL SERVICES FOREIGN BANKS FOREIGN CAPITAL FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN MANAGEMENT FOREIGN OWNERSHIP FOREIGN SHAREHOLDERS GDP GDP DEFLATOR INCOME TAX RATE INFLATION INFLATION RATE INTEREST INCOME INTEREST MARGIN INVESTMENT BANKING LABOR COSTS LEGISLATION LOAN CLASSIFICATION MARKET ENTRY MONOPOLIES NATIONAL BANK OF HUNGARY OPERATING COSTS OPERATING INCOME OWNERSHIP STRUCTURE PARTIAL PRIVATIZATION PORTFOLIO PORTFOLIOS PRIVATE BANKING PRIVATIZATION PROBLEM LOANS PRODUCTION FUNCTION PROFITABILITY PUBLIC POLICY PURCHASE PRICE RATING SYSTEMS RETAIL BANKING RETAIL BANKS RETURN ON ASSETS ROA ROE SAVINGS SECURITIES SHAREHOLDERS SMALL BANKS SPECIALIZED BANKS STATE OWNED BANKS STATE OWNERSHIP SUBSIDIARIES TELECOMMUNICATIONS TRANSITION ECONOMIES WAGES FOREIGN BANKS FOREIGN OWNERSHIP BANK RESTRUCTURING PRIVATIZATION OF PUBLIC ENTERPRISES TRANSITION ECONOMIES EFFICIENCY IMPROVEMENTS BANKING INVESTMENTS MANAGERIAL ECONOMICS PERFORMANCE INDICATORS FOREIGN BANKS WAGES The early start of the process of bank restructuring and privatization in Hungary provides a longer and richer amount of evidence than that available for any other transition economy. The authors analyze the dynamics of bank restructuring in Hungary with a focus on the role played by foreign ownership. They explore the performance over time of foreign-owned Hungarian banks and study the extent to which efficiency gains are affected by the chosen acquisition strategy-strategic acquisition in contrast with investment in a newly established bank (greenfield investment)-or by the management style adopted after the acquisition. The authors supplement previous results on the effects of foreign bank ownership in three ways. First, they explicitly consider the time span required for the change of ownership to affect bank performance. Second, the authors explore how important the chosen acquisition strategy is for the success of an acquisition. And third, they study how relevant the adopted management style is to this end, as proxied by the degree of reliance on foreign management. 2014-04-30T20:05:16Z 2014-04-30T20:05:16Z 2003-08 http://documents.worldbank.org/curated/en/2003/08/2494639/dynamics-foreign-bank-ownership-evidence-hungary http://hdl.handle.net/10986/18123 English en_US Policy Research Working Paper;No. 3114 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Hungary |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BAD DEBTS BANK ASSETS BANK BRANCHES BANK CAPITAL BANK LENDING BANK LOANS BANK PERFORMANCE BANK PRIVATIZATION BANK RESTRUCTURING BANKING LEGISLATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKS BID CAPITAL ADEQUACY CAPITAL ADEQUACY RATIOS CAPITAL BASE CAPITAL REQUIREMENTS CAPITALIZATION CAR CENTRAL BANK CENTRAL BANK FUNCTIONS COMMERCIAL BANKS COMPANY LAW COMPANY MANAGEMENT COMPARATIVE ADVANTAGE CONSOLIDATION CORPORATE GOVERNANCE DEPOSITS DOMESTIC COMPETITORS ECONOMETRIC ANALYSIS ELASTICITY ELASTICITY OF DEMAND EMERGING ECONOMIES EQUITY CAPITAL EXPENDITURES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL LIBERALIZATION FINANCIAL MARKETS FINANCIAL REFORMS FINANCIAL SECTOR FINANCIAL SERVICES FOREIGN BANKS FOREIGN CAPITAL FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN MANAGEMENT FOREIGN OWNERSHIP FOREIGN SHAREHOLDERS GDP GDP DEFLATOR INCOME TAX RATE INFLATION INFLATION RATE INTEREST INCOME INTEREST MARGIN INVESTMENT BANKING LABOR COSTS LEGISLATION LOAN CLASSIFICATION MARKET ENTRY MONOPOLIES NATIONAL BANK OF HUNGARY OPERATING COSTS OPERATING INCOME OWNERSHIP STRUCTURE PARTIAL PRIVATIZATION PORTFOLIO PORTFOLIOS PRIVATE BANKING PRIVATIZATION PROBLEM LOANS PRODUCTION FUNCTION PROFITABILITY PUBLIC POLICY PURCHASE PRICE RATING SYSTEMS RETAIL BANKING RETAIL BANKS RETURN ON ASSETS ROA ROE SAVINGS SECURITIES SHAREHOLDERS SMALL BANKS SPECIALIZED BANKS STATE OWNED BANKS STATE OWNERSHIP SUBSIDIARIES TELECOMMUNICATIONS TRANSITION ECONOMIES WAGES FOREIGN BANKS FOREIGN OWNERSHIP BANK RESTRUCTURING PRIVATIZATION OF PUBLIC ENTERPRISES TRANSITION ECONOMIES EFFICIENCY IMPROVEMENTS BANKING INVESTMENTS MANAGERIAL ECONOMICS PERFORMANCE INDICATORS FOREIGN BANKS WAGES |
| spellingShingle |
BAD DEBTS BANK ASSETS BANK BRANCHES BANK CAPITAL BANK LENDING BANK LOANS BANK PERFORMANCE BANK PRIVATIZATION BANK RESTRUCTURING BANKING LEGISLATION BANKING SECTOR BANKING SERVICES BANKING SYSTEM BANKING SYSTEMS BANKRUPTCY BANKS BID CAPITAL ADEQUACY CAPITAL ADEQUACY RATIOS CAPITAL BASE CAPITAL REQUIREMENTS CAPITALIZATION CAR CENTRAL BANK CENTRAL BANK FUNCTIONS COMMERCIAL BANKS COMPANY LAW COMPANY MANAGEMENT COMPARATIVE ADVANTAGE CONSOLIDATION CORPORATE GOVERNANCE DEPOSITS DOMESTIC COMPETITORS ECONOMETRIC ANALYSIS ELASTICITY ELASTICITY OF DEMAND EMERGING ECONOMIES EQUITY CAPITAL EXPENDITURES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL LIBERALIZATION FINANCIAL MARKETS FINANCIAL REFORMS FINANCIAL SECTOR FINANCIAL SERVICES FOREIGN BANKS FOREIGN CAPITAL FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN MANAGEMENT FOREIGN OWNERSHIP FOREIGN SHAREHOLDERS GDP GDP DEFLATOR INCOME TAX RATE INFLATION INFLATION RATE INTEREST INCOME INTEREST MARGIN INVESTMENT BANKING LABOR COSTS LEGISLATION LOAN CLASSIFICATION MARKET ENTRY MONOPOLIES NATIONAL BANK OF HUNGARY OPERATING COSTS OPERATING INCOME OWNERSHIP STRUCTURE PARTIAL PRIVATIZATION PORTFOLIO PORTFOLIOS PRIVATE BANKING PRIVATIZATION PROBLEM LOANS PRODUCTION FUNCTION PROFITABILITY PUBLIC POLICY PURCHASE PRICE RATING SYSTEMS RETAIL BANKING RETAIL BANKS RETURN ON ASSETS ROA ROE SAVINGS SECURITIES SHAREHOLDERS SMALL BANKS SPECIALIZED BANKS STATE OWNED BANKS STATE OWNERSHIP SUBSIDIARIES TELECOMMUNICATIONS TRANSITION ECONOMIES WAGES FOREIGN BANKS FOREIGN OWNERSHIP BANK RESTRUCTURING PRIVATIZATION OF PUBLIC ENTERPRISES TRANSITION ECONOMIES EFFICIENCY IMPROVEMENTS BANKING INVESTMENTS MANAGERIAL ECONOMICS PERFORMANCE INDICATORS FOREIGN BANKS WAGES Majnoni, Giovanni Shankar, Rashmi Varhegyi, Eva The Dynamics of Foreign Bank Ownership : Evidence from Hungary |
| geographic_facet |
Europe and Central Asia Hungary |
| relation |
Policy Research Working Paper;No. 3114 |
| description |
The early start of the process of bank
restructuring and privatization in Hungary provides a longer
and richer amount of evidence than that available for any
other transition economy. The authors analyze the dynamics
of bank restructuring in Hungary with a focus on the role
played by foreign ownership. They explore the performance
over time of foreign-owned Hungarian banks and study the
extent to which efficiency gains are affected by the chosen
acquisition strategy-strategic acquisition in contrast with
investment in a newly established bank (greenfield
investment)-or by the management style adopted after the
acquisition. The authors supplement previous results on the
effects of foreign bank ownership in three ways. First, they
explicitly consider the time span required for the change of
ownership to affect bank performance. Second, the authors
explore how important the chosen acquisition strategy is for
the success of an acquisition. And third, they study how
relevant the adopted management style is to this end, as
proxied by the degree of reliance on foreign management. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Majnoni, Giovanni Shankar, Rashmi Varhegyi, Eva |
| author_facet |
Majnoni, Giovanni Shankar, Rashmi Varhegyi, Eva |
| author_sort |
Majnoni, Giovanni |
| title |
The Dynamics of Foreign Bank Ownership : Evidence from Hungary |
| title_short |
The Dynamics of Foreign Bank Ownership : Evidence from Hungary |
| title_full |
The Dynamics of Foreign Bank Ownership : Evidence from Hungary |
| title_fullStr |
The Dynamics of Foreign Bank Ownership : Evidence from Hungary |
| title_full_unstemmed |
The Dynamics of Foreign Bank Ownership : Evidence from Hungary |
| title_sort |
dynamics of foreign bank ownership : evidence from hungary |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2003/08/2494639/dynamics-foreign-bank-ownership-evidence-hungary http://hdl.handle.net/10986/18123 |
| _version_ |
1764438913078788096 |