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A Peer-reviewed scientific articles/A1 Journal article (refereed), original research

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Foreign bank ownership and income inequality : empirical evidence, Applied Economics 11 ; March (2020). Delis, Manthos D.; Hasan, Iftekhar; Mylonidis, Nikolaos


Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
All authors as text Delis, Manthos D.; Hasan, Iftekhar; Mylonidis, Nikolaos 
Number of authors 3 
Status Published
Year of publication 2020 
Date 15.02.2020 
Name of article Foreign bank ownership and income inequality : empirical evidence 
Name of journal Applied Economics
Volume of issue 52 
Number of issue 11 ; March 
Pages 1240-1258 
Abstract Using country-level panel data over 1995–2013 on within-country income inequality and foreign bank presence, this paper establishes a positive relation between the two, running from higher foreign bank presence to income inequality. Given that foreign bank participation increased by 62% over the period 1995 to 2013, our baseline results imply a 5.8% increase in the Gini coefficient on average over this period, ceteris paribus. These results are robust to the inclusion of country and year fixed effects and to the use of restrictions on foreign bank entry in the host countries as an instrumental variable. We show that this positive effect is channelled through the lack of greenfield entry and the associated lower levels of competition.
Free text descriptor in Finnish pankit; ulkomaiset pankit; pankkiala; kilpailu; tulonjako; Gini-kerroin 
Free text descriptor in English foreign banks; income inequality; bank competition and greenfield entry; country panel data 
JEL-codes G21; F36; F23; O16 
ISSN / e-ISSN 0003-6846 
auki Internet addresses
Additional information Published online: 30 Aug 2019
Open Access Open access -publication