International bank-industry relations

Pastré, Olivier

doi:10.1016/0378-4266(81)90007-8

Cited by 5 publications

(1 citation statement)

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“…46 Table 1 details these results. A survey of multinational corporations from the United States operating in France, found that 52% of the respondents retained their traditional bank relationship when expanding in to a new country (Pastre, 1981). Seth and Quijano (1991) conducted an analysis of Japanese banks operating in the United States, but they did not provide any empirical results.…”

Section: Defensive Expansion and Offshore Investmentmentioning

confidence: 99%

The Defensive Expansion Approach to Multinational Banking: Evidence to Date

Williams¹

2002

Financial Market

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This paper integrates the defensive expansion hypothesis in multinational banking with the internalisation approach to the multinational enterprise. This framework is then used to structure a review of the literature to date regarding the proposition that multinational banks follow their clients abroad, otherwise called the defensive expansion hypothesis. Both theoretical and empirical issues relevant to the study of the defensive expansion hypothesis are canvassed. The paper concludes that the defensive expansion hypothesis is best modelled using firm level data, and that investment measures are a preferred proxy for following clients. Furthermore, studies considering the defensive expansion hypothesis should control for the effects of parent firm size and economic cycles. The paper concludes that defensive expansion increases multinational size, but has little impact upon multinational bank profits. There is some evidence that defensive expansion impacts upon the type of organisational form adopted by the multinational bank in the host nation.

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Section: Defensive Expansion and Offshore Investmentmentioning

confidence: 99%