Essays in banking and international finance

Larissa Schäfer

Research output: ThesisDoctoral Thesis

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Abstract

This thesis consists of three chapters, two in banking and one in international finance. The first two chapters examine how bank business models and foreign ownership structures affect bank-firm lending relationships. In particular, the first chapter reveals that foreign banks can overcome their informational disadvantage and lend to the same clientele as domestic banks with asset-based lending, shorter maturities, and credit scoring models, while domestic banks rely on relationship lending. The second chapter presents empirical evidence that relationship lending serves as a liquidity insurance for firms in distress, tolerating temporary bad results, yet extracting rents in the long run. The last chapter provides a comprehensive and detailed analysis of Central and Eastern European equity markets from the mid-1990s until now and evaluates the value of investing in these markets for global investors.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Ioannidou, V., Promotor
  • Baele, Lieven, Co-promotor
Award date2 Nov 2015
Place of PublicationTilburg
Publisher
Print ISBNs978 90 5668 461 7
Publication statusPublished - 2015

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Schäfer, L. (2015). Essays in banking and international finance. CentER, Center for Economic Research.