Location Decisions of Foreign Banks And Competitive Advantage:
While institutional differences have been found to affect country growth patterns, much has remained unexplained, including how economic actors "overcome" institutional weaknesses and how internationalization helps or hinders development. Banking is an institutionally-intensive activity an...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2007
|
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | While institutional differences have been found to affect country growth patterns, much has remained unexplained, including how economic actors "overcome" institutional weaknesses and how internationalization helps or hinders development. Banking is an institutionally-intensive activity and the location decision of foreign banks provides a good test of how institutional differences are dealt with and how they may affect economic choices. Specifically, the authors examine whether banks seek out those markets where institutional familiarity provides them with a competitive advantage over other foreign competitor banks. Using bilateral data on banking sector foreign direct investment in all developing countries and controlling for other factors, they find that competitive advantage is an important factor in driving foreign banks' location decisions. The findings suggest that high institutional quality is not necessarily a prerequisite to attract foreign direct investment in banking and that there are specific benefits, as well as risks, to international financial integration between developing countries |
| Beschreibung: | 1 Online-Ressource (21 Seiten)) |
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| 520 | 3 | |a While institutional differences have been found to affect country growth patterns, much has remained unexplained, including how economic actors "overcome" institutional weaknesses and how internationalization helps or hinders development. Banking is an institutionally-intensive activity and the location decision of foreign banks provides a good test of how institutional differences are dealt with and how they may affect economic choices. Specifically, the authors examine whether banks seek out those markets where institutional familiarity provides them with a competitive advantage over other foreign competitor banks. Using bilateral data on banking sector foreign direct investment in all developing countries and controlling for other factors, they find that competitive advantage is an important factor in driving foreign banks' location decisions. The findings suggest that high institutional quality is not necessarily a prerequisite to attract foreign direct investment in banking and that there are specific benefits, as well as risks, to international financial integration between developing countries | |
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| spelling | Claessens, Stijn Verfasser aut Location Decisions of Foreign Banks And Competitive Advantage Claessens, Stijn Washington, D.C The World Bank 2007 1 Online-Ressource (21 Seiten)) txt rdacontent c rdamedia cr rdacarrier While institutional differences have been found to affect country growth patterns, much has remained unexplained, including how economic actors "overcome" institutional weaknesses and how internationalization helps or hinders development. Banking is an institutionally-intensive activity and the location decision of foreign banks provides a good test of how institutional differences are dealt with and how they may affect economic choices. Specifically, the authors examine whether banks seek out those markets where institutional familiarity provides them with a competitive advantage over other foreign competitor banks. Using bilateral data on banking sector foreign direct investment in all developing countries and controlling for other factors, they find that competitive advantage is an important factor in driving foreign banks' location decisions. The findings suggest that high institutional quality is not necessarily a prerequisite to attract foreign direct investment in banking and that there are specific benefits, as well as risks, to international financial integration between developing countries Online-Ausg Affiliates Bank Banking Banking Sector Banks and Banking Reform Consolidation Country Strategy and Performance Debt Markets Emerging Markets Finance Finance and Financial Sector Development Financial Integration Financial Literacy Financial Markets Financial Services Foreign Banks Foreign Direct Investment Foreign Entry Internation International Economics & Trade Macroeconomics and Economic Growth Private Sector Development Van Horen, Neeltje Sonstige oth Claessens, Stijn Sonstige oth Claessens, Stijn Location Decisions of Foreign Banks And Competitive Advantage http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4113 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Claessens, Stijn Location Decisions of Foreign Banks And Competitive Advantage Affiliates Bank Banking Banking Sector Banks and Banking Reform Consolidation Country Strategy and Performance Debt Markets Emerging Markets Finance Finance and Financial Sector Development Financial Integration Financial Literacy Financial Markets Financial Services Foreign Banks Foreign Direct Investment Foreign Entry Internation International Economics & Trade Macroeconomics and Economic Growth Private Sector Development |
| title | Location Decisions of Foreign Banks And Competitive Advantage |
| title_auth | Location Decisions of Foreign Banks And Competitive Advantage |
| title_exact_search | Location Decisions of Foreign Banks And Competitive Advantage |
| title_exact_search_txtP | Location Decisions of Foreign Banks And Competitive Advantage |
| title_full | Location Decisions of Foreign Banks And Competitive Advantage Claessens, Stijn |
| title_fullStr | Location Decisions of Foreign Banks And Competitive Advantage Claessens, Stijn |
| title_full_unstemmed | Location Decisions of Foreign Banks And Competitive Advantage Claessens, Stijn |
| title_short | Location Decisions of Foreign Banks And Competitive Advantage |
| title_sort | location decisions of foreign banks and competitive advantage |
| topic | Affiliates Bank Banking Banking Sector Banks and Banking Reform Consolidation Country Strategy and Performance Debt Markets Emerging Markets Finance Finance and Financial Sector Development Financial Integration Financial Literacy Financial Markets Financial Services Foreign Banks Foreign Direct Investment Foreign Entry Internation International Economics & Trade Macroeconomics and Economic Growth Private Sector Development |
| topic_facet | Affiliates Bank Banking Banking Sector Banks and Banking Reform Consolidation Country Strategy and Performance Debt Markets Emerging Markets Finance Finance and Financial Sector Development Financial Integration Financial Literacy Financial Markets Financial Services Foreign Banks Foreign Direct Investment Foreign Entry Internation International Economics & Trade Macroeconomics and Economic Growth Private Sector Development |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4113 |
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