Bank Opacity, Intermediation Cost and Globalization: Evidence from a Sample of Publicly Traded Banks in Asia - Archive ouverte HAL Accéder directement au contenu
Pré-Publication, Document De Travail Année :

Bank Opacity, Intermediation Cost and Globalization: Evidence from a Sample of Publicly Traded Banks in Asia

(1) , (2)
1
2

Résumé

This paper examines the relationship between opacity and the cost of intermediation in Asian banks. Using a sample of publicly traded commercial banks from 2002 to 2008, our empirical results show that higher opacity is associated with a lower intermediation cost in banking. Hence, bank managers in their efforts to overcome asymmetric information issues and to improve transparency tend to offset the higher cost of acquiring and disclosing information by increasing the cost of intermediation for entrepreneurs. Moreover, a deeper look at the country level indicates that the negative link between opacity and the cost of intermediation is reversed as globalization increases. Greater globalization therefore outweighs managerial entrenchment behavior to preserve bank opacity. Our findings highlight that bank opacity issues are even more costly in countries with higher globalization.
Fichier principal
Vignette du fichier
soedarmono_tarazi_2013.pdf (193.12 Ko) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

hal-00916564 , version 1 (16-12-2013)

Identifiants

  • HAL Id : hal-00916564 , version 1

Citer

Wahyoe Soedarmono, Amine Tarazi. Bank Opacity, Intermediation Cost and Globalization: Evidence from a Sample of Publicly Traded Banks in Asia. 2013. ⟨hal-00916564⟩

Collections

UNILIM LAPE
198 Consultations
342 Téléchargements

Partager

Gmail Facebook Twitter LinkedIn More