The effects of different modes of foreign bank entry in the Turkish banking sector during the 2007–2009 Global financial crisis

<abstract> <p>This paper provides insights on how foreign bank entry modes (acquisition vs. greenfield investment) in an emerging market (Turkey) influenced strategies during the 2007–2009 global financial crisis. Using a comprehensive dataset comprising twenty-nine accounting variables from Turkish banks' statements 2005–2010, we find important differences between foreign-acquired banks and branches lending sourcing funds. We that continued to support international trade by issuing import loans crisis, whereas focused consumer credit card loans. In terms of funds, were able continue use currency deposits residents local interbank funding including participation (Islamic) banks. Foreign branches, other hand, relied funds abroad, which led necessity for them change their because shortage markets. Our results show presence banking sector enabled continuity activities host turmoil findings mode provide new evidence have implications both policy makers practitioners markets.</p> </abstract>