Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212732 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
BOFIT Discussion Papers No. 8/2012
Verlag: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Zusammenfassung: 
China employs a unique foreign bank entry model. Instead of allowing full foreign control of domestic banks, foreign investors are only permitted to be involved in the local banks as minority shareholders. At the same time, foreign strategic investors are expected to commit to bank corporate governance improvement and new technology support. In this context, the paper examines the effect of foreign strategic investors on Chinese bank performance. Based on a unique data set of bank ownership, performance, corporate governance and stock returns from 2003 to 2007, our regression and event study analysis results suggest that active involvement of foreign strategic investors in bank management have improved the corporate governance model of Chinese banks from a control based model to a market oriented model, and accordingly have promoted bank performance.
Schlagwörter: 
China
Foreign Market Entry
Corporate Governance
JEL: 
G21
G28
G34
F23
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-952-462-739-9
Dokumentart: 
Working Paper

Datei(en):
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