Bank ownership and efficiency in China : what lies ahead in the world's largest nation?

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Titel: Bank ownership and efficiency in China : what lies ahead in the world's largest nation?
Författare: Berger, Allen N. ; Hasan, Iftekhar ; Zhou, Mingming
Institution: Suomen Pankki
Serie: Bank of Finland Research Discussion Papers
Serienumber: 16/2007
Utgivningsår: 2007
Utgivningsdatum: 1.6.2007
Publicerad i: Published in Journal of Banking & Finance, Volume 33, Issue 1, January 2009, Pages 113-130
Sidor: 45 s.
Nyckelord: tehokkuus; Kiina; pankkitoiminta; omistus; ulkomaiset pankit; kansainvälinen; yksityistäminen; valtionpankit; Bofit-kokoelma;
JEL: G21; G28; G34; F23
Abstrakt: China is reforming its banking system, partially privatizing and permitting minority foreign ownership of three of the dominant 'big four' state-owned banks. This paper seeks to help predict the effects of this change by analysing the efficiency of virtually all Chinese banks in the years 1994-2003. Our findings suggest the big four banks are by far the least efficient and foreign banks the most efficient while minority foreign ownership is associated with significantly improved efficiency. We present corroborating robustness checks and offer several credible mechanisms through which minority foreign owners can increase Chinese bank efficiency. These findings suggest that minority foreign ownership of the big four is likely to significantly improve performance. Keywords: China, foreign banks, efficiency, foreign ownership JEL classification numbers: G21, G28, G34, F23
Licens: https://helda.helsinki.fi/bof/copyright


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