0386173 20240103201833.220130111235959.9 000313919600003 15 s. cav_un_epca*02904241210-0455214 (2012)434-449Vysoká škola ekonomická v Praze multinational bank interest rate internal capital market cav_un_auth*0101079 Derviz Alexis Ekonometrie Department of Econometrics E E UTIA-B Department of Econometrics Ústav teorie informace a automatizace AV ČR, v. v. i. cav_un_auth*0035997 Raková M. CZ http://library.utia.cas.cz/separaty/2013/E/derviz-parent influence on loan pricing by czech banks.pdf We investigate the influence which the financial condition of a multinational bank group may have on the lending rates of its affiliates, using data from the ten biggest banks in the Czech Republic under foreign control. The analysis is based on a theory of bank lending in which the implicit opportunity costs of lending by a foreign bank affiliate are influenced by the scarcity of funds within the multinational conglomerate. The theory predicts that parent banks’ influence should be stronger in loan segments with more pronounced information asymmetry. Our empirical model, which explains the interest rate charged by the affiliate by means of affiliate-level controls and a parent influence variable, is tested for three categories of commercial non-financial borrowers (domestically owned firms, foreign-owned firms and the self-employed). 2013 AH 2 RVO:67985556 http://hdl.handle.net/11104/0216172 ECONOMICS 4 0.357 27.69 0.51 Q3 35.586 Q3 2012 000313919600003 WOS cav_un_epca*0290424 Prague Economic Papers 1210-0455 2336-730X Roč. 21 č. 4 2012 434 449 Vysoká škola ekonomická v Praze