Abstract
This paper examines how foreign bank relationships can affect firm performance. We investigates this empirical analysis using a data set containing virtually all Korean publicly listed firms for the period 2004-2006.
We find the positive effects of foreign bank relationships on the firm performance. The foreign bank and firm relationships in the Korean listed firms may improve firm performance . The Hold up costs may not be present in the foreign bank relationships. The foreign bank firm ties in the Korean listed firms may could shape the positive management decisions and firm performance.
On the lines of concerns on the impact of foreign banks, this paper will provide new evidences on the impact of foreign-ownership of banks on the Korean Economy. Particularly, empirical analyses in this paper revealed new evidences on the recent firm-bank relationship or foreign banks researches.
We find the positive effects of foreign bank relationships on the firm performance. The foreign bank and firm relationships in the Korean listed firms may improve firm performance . The Hold up costs may not be present in the foreign bank relationships. The foreign bank firm ties in the Korean listed firms may could shape the positive management decisions and firm performance.
On the lines of concerns on the impact of foreign banks, this paper will provide new evidences on the impact of foreign-ownership of banks on the Korean Economy. Particularly, empirical analyses in this paper revealed new evidences on the recent firm-bank relationship or foreign banks researches.
| Translated title of the contribution | Foreign Banks and Firm Performance |
|---|---|
| Original language | Korean |
| Pages (from-to) | 111-131 |
| Number of pages | 21 |
| Journal | 금융지식연구 |
| Volume | 11 |
| State | Published - Aug 2013 |