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Factors influencing the performance of foreign-owned banks in New Zealand |
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| Authors: | Huong Minh To David Tripe |
| Institution: | 1. Área de Biodiversidad y Conservación, Departamento de Biología, Geología, Física y Química Inorgánica, Universidad Rey Juan Carlos, 28933, Móstoles, Madrid, Spain;2. Departamento de Ecología y Biología Animal, Universidad de Vigo, 36310, Vigo, Pontevedra, Spain;3. Área de Ecología, Departamento de Biología de Organismos y Sistemas, Universidad de Oviedo, E-33005, Oviedo, Spain;1. National Taiwan University, Taiwan;2. National Dong Hwa University, Taiwan;1. Department of Environmental Engineering, Faculty of Engineering, Dokuz Eylul University, Tinaztepe Campus, 35160 Buca, Izmir, Turkey;2. Turkish State Meteorological Service, Izmir Regional Directorate, Izmir, Turkey |
| Abstract: | This article reviews factors affecting the performance of foreign-owned banks in New Zealand, where they control 99.2% of all banking system assets. Two sets of pooled cross-sectional time-series data—seven banks over the 10-year period 1991–2000 and eight banks over the 8-year period 1991–1998—provided the basis for the econometric analysis. The most important variables for bank performance were the length of time the foreign bank had been in New Zealand and the parent bank's return on assets. This suggests that parent-bank specific ownership advantages are the dominant factor in their subsidiaries’ performance in New Zealand. |
| Keywords: | Banks and banking New Zealand Foreign investment |
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