دانلود مقاله ISI انگلیسی شماره 80599
ترجمه فارسی عنوان مقاله

بحران مالی و روابط بانک مشتری: مالکیت، شفافیت، و انتخاب سبد سهام خارجه

عنوان انگلیسی
The financial crisis and bank–client relationships: Foreign ownership, transparency, and portfolio selection
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
80599 2014 15 صفحه PDF
منبع

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

Journal : Journal of Banking & Finance, Volume 42, May 2014, Pages 232–246

ترجمه کلمات کلیدی
ورود خارجه؛ مالکیت بانک؛ نمونه کارها بانک؛ عدم تقارن اطلاعاتی؛ بحران بازار مالی
کلمات کلیدی انگلیسی
G21; G28; G34; F36Foreign entry; Bank ownership; Bank portfolio; Information asymmetry; Financial market crisis
پیش نمایش مقاله
پیش نمایش مقاله  بحران مالی و روابط بانک مشتری: مالکیت، شفافیت، و انتخاب سبد سهام خارجه

چکیده انگلیسی

Using a unique dataset that matches banks with their client firms, we investigate the differences between foreign and domestic banks in a developing country. In particular, we are interested in examining how foreign banks solve the information asymmetries that characterize lending relationships and whether those relationships have changed since the financial crisis of 2008. Foreign banks are likely to limit their lending activity to larger firms or more transparent firms because they are at an informational disadvantage relative to domestic banks. We find that foreign banks focus on relationships with foreign, listed, and larger firms. In addition, their portfolio is more heavily weighted towards firms in less competitive industries and exporting firms. Comparing outcomes for 2006 and 2009, we find that banks are more concerned with leverage in 2009 and have reduced the number of firms in their portfolio post-crisis.