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Are private banks more efficient than public banks? Evidence from Russia

Alexei Karas, Koen Schoors UGent and Laurent Weill (2010) Economics of Transition. 18(1). p.209-244
abstract
We study whether bank efficiency is related to bank ownership in Russia. We find that foreign banks are more efficient than domestic private banks and, surprisingly, that domestic private banks are not more efficient than domestic public banks. These results are not driven by the choice of production process, the bank’s environment, management’s risk preferences, the bank’s activity mix or size, the econometric approach, or the introduction of deposit insurance. The policy conclusion is that the efficiency of the Russian banking system may benefit more from increased levels of competition and greater access of foreign banks than from bank privatization.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
state ownership, Bank efficiency, Russia, foreign ownership
journal title
Economics of Transition
Econ. Transit.
volume
18
issue
1
pages
209 - 244
publisher
Blackwell
place of publication
9600 Garsington Road, Oxford OX4 2DQ, UK and 350 Main St, Malden, MA 02148, USA
Web of Science type
Article
Web of Science id
000272189400008
JCR category
ECONOMICS
JCR impact factor
0.536 (2010)
JCR rank
196/301 (2010)
JCR quartile
3 (2010)
ISSN
0967-0750
language
English
UGent publication?
yes
classification
A1
id
801701
handle
http://hdl.handle.net/1854/LU-801701
date created
2009-12-04 18:11:22
date last changed
2010-01-05 15:50:40
@article{801701,
  abstract     = {We study whether bank efficiency is related to bank ownership in Russia. We find that foreign banks are more efficient than domestic private banks and, surprisingly, that domestic private banks are not more efficient than domestic public banks. These results are not driven by the choice of production process, the bank{\textquoteright}s environment, management{\textquoteright}s risk preferences, the bank{\textquoteright}s activity mix or size, the econometric approach, or the introduction of deposit insurance. The policy conclusion is that the efficiency of the Russian banking system may benefit more from increased levels of competition and greater access of foreign banks
than from bank privatization.},
  author       = {Karas, Alexei and Schoors, Koen and Weill, Laurent },
  issn         = {0967-0750},
  journal      = {Economics of Transition},
  keyword      = {state ownership,Bank efficiency,Russia,foreign ownership},
  language     = {eng},
  number       = {1},
  pages        = {209--244},
  publisher    = {Blackwell},
  title        = {Are private banks more efficient than public banks? Evidence from Russia},
  volume       = {18},
  year         = {2010},
}

Chicago
Karas, Alexei, Koen Schoors, and Laurent Weill. 2010. “Are Private Banks More Efficient Than Public Banks? Evidence from Russia.” Economics of Transition 18 (1): 209–244.
APA
Karas, A., Schoors, K., & Weill, L. (2010). Are private banks more efficient than public banks? Evidence from Russia. Economics of Transition, 18(1), 209–244.
Vancouver
1.
Karas A, Schoors K, Weill L. Are private banks more efficient than public banks? Evidence from Russia. Economics of Transition. 9600 Garsington Road, Oxford OX4 2DQ, UK and 350 Main St, Malden, MA 02148, USA: Blackwell; 2010;18(1):209–44.
MLA
Karas, Alexei, Koen Schoors, and Laurent Weill. “Are Private Banks More Efficient Than Public Banks? Evidence from Russia.” Economics of Transition 18.1 (2010): 209–244. Print.