Publicaciones

The goal of this paper is to analyse whether the determinants of the profitability and business orientation of foreign-owned banks operating in Central, Eastern and South-Eastern Europe (CESEE) are similar to domestic-owned banks in that region and foreign parent companies. To this aim we also check if profitability of the parents predicts the profitability of their subsidiaries. We use annual bank- and country-level data from the 1995–2014 period applying feasible GLS. The empirical results suggest that statistically significant differences exist between foreign-owned banks and domestic-owned banks. Although the subsidiaries are similar to their parent banks regarding some aspects of the credit policy, the overall drivers of profitability and business orientations vary.

Iwanicz-Drozdowska, M., B. Witkowski y S. Carbó (2020). «“When in Rome, do as Romans”. Similarities of banks performance drivers in CESEE». Bank i Kredyt=Bank & Credit 51, n.º 5, pp. 467-504.