nach oben

Management International Review

Erschienen in:

01.04.2009 | Research Article

A Theoretical Perspective on the Location of Banking FDI

verfasst von: Assistant Prof. Mohamed Azzim Gulamhussen

Erschienen in: Management International Review | Ausgabe 2/2009

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

The paper models location of banking FDI under volatile demand conditions. In the model, information arrives either through passage of time or though presence in the foreign market. The model is also extended to analyze strategic and simultaneous FDI.
The results show that market entry evolves from deferring FDI to partial FDI and only then to full FDI. The switch to partial FDI occurs faster when banks can gather information only through a presence in the foreign market. The switch to partial FDI does not occur when immediate full FDI enables more efficient production. The results are at odds with models developed for predictable demand conditions in which banks switch straight from deferring FDI to full FDI. The paper generates an integrated view of the location of banking FDI.

Vorheriger Artikel Toward More Effective Research on the Multinationality-Performance Relationship

Nächster Artikel Country-of-Origin Effects of Foreign Direct Investment

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Management International Review

MANAGEMENT INTERNATIONAL REVIEW is a double-blind refereed journal that aims at the advancement and dissemination of research in the fields of International Management.

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Akerlof, G., The Market for Lemons: Quality Uncertainty and the Market Mechanism, Quarterly Journal of Economics, 84, 3, 1970, pp. 488–500.CrossRef

Aliber, R.,Toward a Theory of International Banking, Economic Review, 1, 1976, pp. 5–8.

Benston, G./Smith, C., A Transactions Cost Approach to the Theory of Financial Intermediation, Journal of Finance, 31, 2, 1976, pp. 215–231.CrossRef

Black, F./Scholes, M., The Pricing of Options and Corporate Liabilities, Journal of Political Economy, 81, 3, 1973, pp. 637–659.CrossRef

Buckley, P., The Challenge of International Business, London: Palgrave Macmillan Press 2004.CrossRef

Buckley, P./Casson, M., The Optimal Timing of a Foreign Direct Investment, The Economic Journal, 91, 361, 1981, pp. 75–87.CrossRef

Buckley, P./Casson, M., Models of the Multinational Enterprise, Journal of International Business Studies, 29, 1, 1998, pp. 21–44.CrossRef

Campbell, T./Kracaw, M., Information Production, Market Signaling, and the Theory of Financial Intermediation, Journal of Finance, 35, 4, 1980, pp. 863–882.CrossRef

Capel, J., A Real Options Approach to Economic Exposure Management, Journal of International Financial Management & Accounting, 8, 2, 1997, pp. 87–113.CrossRef

Capel, J., How to Service a Foreign Market under Uncertainty: A Real Option Approach, European Journal of Political Economy, 8, 3, 1992, pp. 455–475.CrossRef

Casson, M., Evolution of Multinational Banks: A Theoretical Perspective, in Jones, G. (ed.), Banks as Multinationals, New York: Routledge 1990, pp. 14–29.

Casson, M., Internationalization as a Learning Process: A Model of Corporate Growth and Geographical Diversification, in Balasubramanyam, V./Sapsford, D. (eds.), Economics of International Investment, Aldershot: Edward Elgar Publishing 1994, pp. 14–46.

Casson, M., The Organization and Evolution of the Multinational Enterprise: An Information Cost Approach, Management International Review, 39, 1, 1999, pp. 77–121.

Chan, Y., On the Positive Role of Financial Intermediation in Allocation of Venture Capital in a Market with Imperfect Information, Journal of Finance, 38, 5, 1983, pp. 1543–1568.CrossRef

Cho, K., Determinants of Multinational Banks, Management International Review, 26, 1, 1986, pp. 10–23.

Diamond, D., Financial Intermediation and Delegated Monitoring, Review of Economic Studies, 51, 3, 1984, pp. 393–414.CrossRef

Diamond, D./Dybvig, P., Bank Runs, Deposit Insurance, and Liquidity, Journal of Political Economy, 91, 3, pp. 401–419.

Dixit, A., A Model of Duopoly Suggesting a Theory of Entry Barriers, Bell Journal of Economics, 10, 1, 1979, pp. 20–32.CrossRef

Dixit, A., Investments under Uncertainty, Princeton: Princeton University Press 1994.

Esperanca, J./Gulamhussen, M.,(Re)Testing the ‘Follow-The-Customer’ Hypothesis in Multinational Bank Expansion, Journal of Multinational Financial Management, 11, 3, 2001, pp. 281–293.CrossRef

Gray, J./Gray, P., The Multinational Bank: A Financial MNC?, Journal of Banking and Finance, 5, 1, 1981, pp. 33–63.CrossRef

Grubel, H., A Theory of Multinational Banking, Banca Nazionale del Lavoro Quarterly Review, 123, 1977, pp. 349–363.

Heffernan, S., Modern Banking Theory and Practice, Chichester: John Wiley & Sons 1996.

Johanson, J./Vahlne, J., The Internationalization Process of the Firm: A Model of Knowledge Development and Increasing Foreign Market Commitments, Journal of International Business Studies, 8, 1, 1977, pp. 23–32.CrossRef

Khoury, S., International Banking: A Special Look at Foreign Banks in the US, Journal of International Business Studies, 10, 3, 1979, pp. 36–52.CrossRef

Kogut, B./Kulatilaka, N., Operating Flexibility, Global Manufacturing and the Option Value of a Multinational Network, Management Science, 40, 1, 1994, pp. 123–139.CrossRef

Marschak, J./Radner, R., Economic Theory of Teams, New Haven: Yale University Press 1972.

Mello, A./Parsons, J./Triantis, A., An Integrated Model of Multinational Flexibility and Hedging Policies, Journal of International Economics, 39, 1/2, 1995, pp. 27–51.CrossRef

Nigh, D./Cho, K./Krishnan S., The Role of Location Related Factors in US Banking Involvement Abroad: An Empirical Examination’, Journal of International Business Studies, 17, 3, 1986, pp. 59–72.CrossRef

Qian, L./Delios, A., Internalization and Experience: Japanese Banks’ International Expansion, 1980-1998. Journal of International Business Studies, 39, 2, 2008, pp. 231–248.CrossRef

Rugman, A./Li, J., Real Options and International Investment, Cheltenham: Edward Elgar 2005.

Sabi, M., An Application of the Theory of Foreign Direct Investment to Multinational Banking in LDCs’, Journal of International Business Studies, 19, 3, 1988, pp. 433–447.CrossRef

Tschoegl, A., International Retail Banking as a Strategy: An Assessment, Journal of International Business Studies, 18, 2, 1987, pp. 67–88.CrossRef

Vernon, R., International Investment and International Trade in the Product Cycle, Quarterly Journal of Economics, 81, 2, 1966, pp. 190–207.CrossRef

Vernon, R., The Product Cycle Hypothesis in a New International Environment, Oxford Bulletin of Economics and Statistics, 41, 4, 1979, pp. 255–267.

Titel: A Theoretical Perspective on the Location of Banking FDI
verfasst von: Assistant Prof. Mohamed Azzim Gulamhussen
Publikationsdatum: 01.04.2009
Verlag: SP Gabler Verlag
Erschienen in: Management International Review / Ausgabe 2/2009
Print ISSN: 0938-8249
Elektronische ISSN: 1861-8901
DOI: https://doi.org/10.1007/s11575-008-0134-5

Springer Professional

Abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Management International Review

Springer Professional "Wirtschaft"

Weitere Artikel der Ausgabe 2/2009

Managing Business Relationships in New Zealand and China

Toward More Effective Research on the Multinationality-Performance Relationship

Country-of-Origin Effects of Foreign Direct Investment

Psychic Distance, its Impact and Coping Modes

Trends and Indications in International Business

Premium Partner