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Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 21
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Book Description
Author:
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 21
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Book Description
Author: Stijn Claessens
Publisher:
ISBN:
Category : Banks and banking, Foreign
Languages : en
Pages : 28
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Book Description
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.
Author: Stijn Claessens
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
Author: Stijn Claessens
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
Get Book Here
Book Description
Author: Stijn Claessens
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
Get Book Here
Book Description
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.
Author: Stijn Claessens
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
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Book Description
Familiarity with working in a specific institutional environment compared to its competitors can provide a firm with a competitive advantage, making it invest in specific host countries. We examine whether this notion of institutional competitive advantage drives banks to seek out specific markets. Using detailed, bilateral data of bank ownership for a large number of countries over 1995-2006 and using a first-difference model, we find that institutional competitive advantage importantly drives banks' location decisions. Results are robust to different samples and model specifications, various econometric techniques and alternative measures of institutional quality. This finding has some policy implications, including on the increased cross-border banking among developing countries.
Author:
Publisher: World Bank Publications
ISBN: 0821374060
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
This pocket-sized reference on key environmental data for over 200 countries includes key indicators on agriculture, forestry, biodiversity, energy, emission and pollution, and water and sanitation. The volume helps establish a sound base of information to help set priorities and measure progress toward environmental sustainability goals.
Author: Cansu Eray
Publisher: Springer Nature
ISBN: 3030368793
Category : Business & Economics
Languages : en
Pages : 108
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Book Description
This book presents a systematic review of the literature on the foreign expansion decisions of multinational banks (MNBs). With today's increasing level of globalization, many banks have expanded their activities internationally to take advantage of new opportunities in different markets. As each extension strategy brings distinctive benefits and challenges, finding an optimal approach to internationalization plays a crucial role in maximizing the advantages while decreasing the drawbacks under changing conditions. After screening 141 papers, 28 articles from leading international research journals were selected according to defined criteria in order to provide a synthesized framework connecting MNBs’ decisions to enter foreign markets with the reasons and consequences. The book argues that the MNBs’ main motivations for foreign expansion are related to location and ownership factors. Based on the priorities of these motives, MNBs can choose cross-border lending, greenfield investment or acquisition as an entry mode. Since each has its own benefits and challenges, the chosen strategy has further implications for both the profitability of MNBs and the economic conditions of the host country regarding the competition level, lending pattern to small and medium enterprises (SMEs), market interest rates and financial stability. After establishing a link between the main drivers of foreign expansion, the entry mode choices, and the impacts of foreign bank presence in the host country, the book offers managers of MNBs insights into the further implications. Highlighting the gaps in literature, it also appeals to researchers looking for future areas of study.
Author: Alomar Najla
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The study has three objectives: first, to explore the determinants of foreign banks' entry in the Kingdom of Saudi Arabia (KSA); second, to identify the relative importance of factors (determinants) as perceived by foreign banks; third, to investigate the challenges faced by foreign banks in the KSA. Although literature exists on the entry determinants, the literature on why these banks enters emerging and developing markets is very limited. Literature provides limited guidance on which motives are important. The thesis uses the KSA as a context to understand the entry determinants and challenges of foreign bank entry in such markets. Despite being an important emerging and developing economy, research that has examined the entry determinants of foreign bank entry into the KSA is scanty. The study draws from key theories: Internationalisation Theory, Eclectic Paradigm, the “Follow-the-Customer” Hypothesis, and Comparative Advantage Theory. A mixed-methods approach has been employed by applying both quantitative and qualitative methods. The sample comprised all foreign banks operating in the KSA by the end of 2019. The targeted population was Chief Executive Officers (CEOs), Chief Operation Officers (COOs), and other senior managers of foreign banks in the KSA. A total of 92 questionnaires were canvassed; of these, 71 were received from them; after that, 36 of them were interviewed using a semi-structured interview method based on their willingness and availability to participate. The data collection was done from mid-December 2019 to mid-February 2020. The quantitative data were analysed using the Distribution Fitting Algorithmic Approach (DFAA), while the qualitative data were analysed using the thematic analysis method. The study found that eleven determinants (out of 23) are significant that influence foreign banks' decision to enter the KSA. Surprisingly, as for the research question, which investigated whether the Islamic culture in KSA impacted foreign banks' decisions, it was found that it was not impacting. In addition, the pegging of the Saudi Riyal against the US dollar was found to be a significant determinant encouraging the foreign bank to enter the Saudi banking market. “Follow-the-customer” and Saudi market characteristics were ranked as the most important 'main entry determinants'. Results indicate that foreign banks encounter various challenges included: 'government regulations, policies, and Saudi legal environment', high 'Saudisation' ratio of the workforce, more highly developed local banking technology and related requirements, high competition, and oil price change. Interestingly, no conflict or major differences were obtained from questionnaire analysis and semi-structured interview outcomes. The study contributes to the existing literature by providing comprehensive results on the foreign banks' entry determinants and II their challenges in KSA as a context of developing and emerging markets. Importantly, the study, for the first time to the researcher's knowledge, provides a relative ranking of the entry determinants. The study is expected to help policymakers, regulators, decision-makers, and bankers to understand foreign banks' entry. This study could help the KSA government, particularly the Saudi central bank (SAMA), to use the findings for official policymaking and formulating industry regulations. The study's findings could benefit foreign banks operating in the KSA or seeking to invest there. Future researches could consider examining the influence of foreign banks' entry on the Saudi banking market and how it impacts the KSA economy as a whole.
Author: Allen N. Berger
Publisher: Oxford University Press
ISBN: 0192558080
Category : Business & Economics
Languages : en
Pages : 1328
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Book Description
The Oxford Handbook of Banking, Third Edition provides an overview and analysis of developments and research in this rapidly evolving field. Aimed at graduate students of economics, banking, and finance; academics; practitioners; regulators; and policy makers, it strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material. Split into five distinct parts The Oxford Handbook of Banking is a one-stop source of relevant research in banking. It examines the theory of banking, bank operations and performance, regulatory and policy perspectives, macroeconomic perspectives in banking, and international differences in banking structures and environments. Taking a global perspective it examines banking systems in the United States, China, Japan, Australia and New Zealand, Africa, the European Union, transition countries of Europe, and Latin America. Thematic issues covered include financial innovation and technological change; consumer and mortgage lending; Islamic banking; and how banks influence real economic activity. Fully revised and now including brand new chapters on a range of geographical regions, bank bailouts and bail-ins, and behavioral economics amongst many other topics, this third edition of The Oxford Handbook of Banking provides readers with insights to seminal and contemporary research in banking and an opportunity to learn about the diversity of financial systems around the world.
