Does foreign ownership foster bank performance?

Robert Lensink and Ilko Naaborg ()

Applied Financial Economics, 2007, vol. 17, issue 11, 881-885

Abstract: We examine the effect of a rise in foreign ownership on banks' interest revenues and profitability using panel data of banks worldwide. We determine the exact yearly foreign ownership for each bank and construct a continuous foreign ownership variable. Estimating with the system generalized methods of moments (GMM) technique we find that a rise in foreign ownership negatively affects bank performance, providing evidence for the home field advantage theory.

Date: 2007
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DOI: 10.1080/09603100600827653

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