| bibtype |
J -
Journal Article
|
| ARLID |
0354315 |
| utime |
20240103194629.0 |
| mtime |
20110117235959.9 |
| title
(primary) (eng) |
Lending Behavior of Multinational Bank Affiliates |
| specification |
|
| serial |
| ARLID |
cav_un_epca*0354314 |
| ISSN |
2077-429X |
| title
|
Risk Governance and Control: Financial Markets & Institutions |
| volume_id |
1 |
| volume |
1 (2011) |
| page_num |
19-36 |
|
| keyword |
Multinational bank |
| keyword |
Contagion |
| keyword |
Substitution |
| keyword |
Agency |
| author
(primary) |
| ARLID |
cav_un_auth*0101079 |
| name1 |
Derviz |
| name2 |
Alexis |
| full_dept (cz) |
Ekonometrie |
| full_dept (eng) |
Department of Econometrics |
| department (cz) |
E |
| department (eng) |
E |
| institution |
UTIA-B |
| full_dept |
Department of Econometrics |
| garant |
G |
| fullinstit |
Ústav teorie informace a automatizace AV ČR, v. v. i. |
|
| author
|
| ARLID |
cav_un_auth*0072031 |
| name1 |
Podpiera |
| name2 |
J. |
| country |
CZ |
|
| source |
|
| cas_special |
| research |
CEZ:AV0Z10750506 |
| abstract
(eng) |
We study the parent influence on lending by affiliates of a multinational bank. In the proposed theoretical model, local lending is influenced by shareholder-affiliate manager delegation and precautionary motives. The outcome is either contagion (the loan volume in the affiliate follows the direction of the parent bank country shock) or performance-based reallocation of funds (substitution), depending on the degree of manager delegation in the affiliate and the liquidity-sensitivity in the parent bank. Empirical investigation, deliberately conducted on a sample not covering the latest financial crisis, shows that also in “normal” times, multinational banks that are likely to delegate lending decisions or be more liquidity-sensitive are more inclined towards contagionist behavior. |
| reportyear |
2011 |
| RIV |
AH |
| permalink |
http://hdl.handle.net/11104/0193349 |
| arlyear |
2011 |
| mrcbU63 |
cav_un_epca*0354314 Risk Governance and Control: Financial Markets & Institutions 2077-429X Roč. 1 č. 1 2011 19 36 PRINT |
|