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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
  • Shusen Qi
  • Kent Ngan-Cheung Hui
  • Steven Ongena
Item Subtype Original Work
Refereed Yes
Status Published in final form
  • English
Journal Title Financial Management
Publisher Wiley-Blackwell Publishing, Inc.
Geographical Reach international
ISSN 0046-3892
Volume 52
Number 1
Page Range 97 - 126
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.
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Digital Object Identifier 10.1111/fima.12409
Other Identification Number merlin-id:22792
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