دانلود مقاله ISI انگلیسی شماره 41805
عنوان فارسی مقاله

اطلاعات نامتقارن، ورود خارجی و رقابت اعتباری چند دوره ای در صنعت بانکداری

کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
41805 2014 14 صفحه PDF سفارش دهید محاسبه نشده
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Asymmetric information, foreign entry and multi-period credit competition in banking industry
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : The Quarterly Review of Economics and Finance, Volume 54, Issue 2, May 2014, Pages 216–229

کلمات کلیدی
رقابت های اعتباری - تعادل استراتژی ترکیبی - حالات ثابت
پیش نمایش مقاله
پیش نمایش مقاله اطلاعات نامتقارن، ورود خارجی و رقابت اعتباری چند دوره ای در صنعت بانکداری

چکیده انگلیسی

In a credit market, a low-cost foreign entrant is likely less informed than a domestic bank with information endowments. We present a steady-state model in an infinite-period framework, and analyze how the informational asymmetry affects the lending equilibrium and the foreign banks’ entry modes. Firstly, we show that the domestic bank's initial informational advantage from its relatively large market share at the beginning of competition is not enough to hinder the entry of a low-cost foreign bank. In addition, the foreign bank is more likely to be the winner in the steady state of an infinite-period game than that in a static game. Secondly, the comparative static analysis show that the likelihood of foreign bank becoming the winning party increases with borrower quality, project payoff and the growth rate of potential new borrowers. Thirdly, when the foreign bank wins game in the steady state, its market share is decreasing in project payoff and the growth rate of new borrowers, while changes non-monotonically with borrower quality. Finally, we extend our model to characterize the domestic bank's sustainable advantage in being relatively familiar with new market, and provide valuable explanations for the observed entry modes of foreign banks in China.

خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.