Utilize este identificador para referenciar este registo:
http://hdl.handle.net/10071/20319
Autoria: | Gulamhussen, M. A. |
Data: | 2007 |
Título próprio: | Choice of scale by banks in financial centers |
Volume: | 16 |
Número: | 4 |
Paginação: | 507 - 525 |
ISSN: | 0969-5931 |
DOI (Digital Object Identifier): | 10.1016/j.ibusrev.2007.04.002 |
Palavras-chave: | International investment Financial institutions and services |
Resumo: | The paper develops a theoretical link between foreign investment, scale and reversibility in the banking industry. This link is used to formulate hypotheses that are empirically examined with a unique data set collected through interviews with senior managers of multinational banks in London. Findings reveal that banks do not set up large operations to service domestic customers or get a foothold, but do so to create hubs. Banks with confident beliefs set up large operations, and use large offices to lock themselves into the market. These results explain the cross-sectional variation in the size of foreign investments in the industry. Robustness checks do not reveal presence of influential data points; regressions are stable over time and consistent with what we know from secondary samples. |
Arbitragem científica: | yes |
Acesso: | Acesso Aberto |
Aparece nas coleções: | BRU-RI - Artigos em revistas científicas internacionais com arbitragem científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
---|---|---|---|---|
Choice of scale by banks BfP.pdf | Pós-print | 309,24 kB | Adobe PDF | Ver/Abrir |
Todos os registos no repositório estão protegidos por leis de copyright, com todos os direitos reservados.