To what extent will the banking industry be globalized? A study of bank nationality and reach in 20 European nations

被引:74
作者
Berger, AN
Dai, QL
Ongena, S
Smith, DC
机构
[1] Fed Reserve Syst, Board Governors, Washington, DC 20551 USA
[2] Wharton Financial Inst Ctr, Philadelphia, PA 19104 USA
[3] Norwegian Sch Management, N-1301 Sandvika, Norway
[4] Tilburg Univ, Dept Finance, NL-5000 LE Tilburg, Netherlands
关键词
bank; globalization; Europe; mergers;
D O I
10.1016/S0378-4266(02)00386-2
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
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 2000 foreign affiliates of multinational corporations operating in 20 European nations and over 250 banks that serve them. 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. (C) 2003 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:383 / 415
页数:33
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