To What Extent Will the Banking Industry be Globalized? A Study of Bank Nationality and Reach in 20 European Nations
نویسندگان
چکیده
We model two dimensions of bank globalization – bank nationality (a bank from the firm’s host nation, its home nation, or a third nation) and bank reach (a global, regional, or local bank) using a two-stage nested multinomial logit model. Our data set includes over 2,000 foreign affiliates of multinational corporations operating in 20 European nations. We find that these firms frequently use host nation banks for cash management services, and that bank reach may be strongly influenced by this choice of bank nationality. Our results suggest limits to the degree of future bank globalization. JEL Classification Numbers: G21, G15, G28, G34
منابع مشابه
Global Integration in the Banking Industry
N O T E . Much of the analysis in this article is based on Allen N. Berger, Qinglei Dai, Steven Ongena, and David C. Smith, "To What Extent Will the Banking Industry Be Globalized? A Study of Bank Nationality and Reach in 20 European Nations,'' Journal of Banking and Finance, vol. 27 (March 2003), pp. 383-415. The authors of the present article thank David Birks for making available the "Global...
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