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Does the Entry Mode of Foreign Banks Matter for Bank ... - EconomiX

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Table 3: Summary StatisticsOutputs aDomestic Greenfield M&As <strong>Foreign</strong>Mean S.D. Mean S.D. Mean S.D. Mean S.D.Loans 947.26 1693.97 356.89 507.33 1721.15 2103.16 833.94 1460.11Investment Assets 1063.46 1989.18 303.05 348.23 1953.01 3081.52 880.01 2001.61Inputs aPersonnel Expenses 35.13 77.34 6.38 9.11 50.49 72.62 21.65 48.10O<strong>the</strong>r non-Interest Expenses 57.55 130.03 13.14 21.37 75.45 101.02 34.85 68.71Interest Paid 149.45 256.24 38.19 46.90 156.68 164.41 79.12 117.98Prices <strong>of</strong> Inputs bPrice <strong>of</strong> Labor 1.58 1.23 1.19 1.30 1.20 0.87 1.19 1.16Price <strong>of</strong> Capital 153.14 457.47 378.23 611.72 175.53 346.80 307.28 542.43Price <strong>of</strong> Borrowed Funds 13.36 80.60 7.91 8.88 6.15 4.11 7.3 7.6Notes: a In millions dollars; b In percentage.- Summary Statistics <strong>of</strong> Variables Related to <strong>the</strong> Cost Function -Domestic Greenfield M&As <strong>Foreign</strong>Mean S.D. Mean S.D. Mean S.D. Mean S.D.Total Assets a 2301.07 4062.54 719.27 859.45 4093.75 5506.63 1899.25 3692.7Investment Assets/ Loans b 2.46 6.92 1.57 3.09 1.52 1.89 1.55 2.72Deposits/ Total Funding b 0.94 0.19 0.96 0.08 0.97 0.04 0.96 0.06Market Share <strong>of</strong> Assets b 0.06 0.09 0.02 0.03 0.06 0.06 0.03 0.04Age c 8.01 3.20 7.09 3.90 4.37 3.25 6.14 3.90Notes: a In millions dollars; b In proportion; c In years.- Summary Statistics <strong>of</strong> <strong>the</strong> Determinants <strong>of</strong> Inefficiency --40-

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