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Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Inter-industry FDI spillovers from foreign banks: Evidence in transition economies |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published electronically before print/final form (Epub ahead of print) |
| Language |
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| Journal Title | Financial Management |
| Geographical Reach | international |
| Volume | forthcoming |
| Page Range | - |
| Date | 2023 |
| Abstract Text | Using a sample of non-financial domestic firms in transition economies from Eastern Europe and Central Asia, we examine whether and how inter-industry spillover from FDI in the banking sector occurs. Our findings show that the innovation pursued by domestic firms benefits from foreign bank penetration. However, these positive inter-industry spillovers surprisingly do not seem to work through enhanced credit access. We further find these positive spillovers to occur mainly for foreign banks that use relationship lending, domestic firms that do not export, and host countries that are less open to the global market. |
| Free access at | Official URL |
| Official URL | https://onlinelibrary.wiley.com/doi/full/10.1111/fima.12409 |
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| Digital Object Identifier | 10.1111/fima.12409 |
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