"Following" or "attracting" the customer? Japanese Banking FDI in Europe

被引：22

作者：

Von Der Ruhr M. ^{[1
]}

Ryan M. ^{[2
]}

机构：

[1] St. Norbert College,

[2] Western Michigan University,undefined

来源：

Atlantic Economic Journal | 2005年 / 33卷 / 4期

关键词：

F23; G21;

D O I：

10.1007/s11293-005-2869-8

中图分类号：

学科分类号：

摘要：

Using firm-level Japanese FDI data on investment into 18 European countries between 1970-2000 in all industries (banking, manufacturing, wholesale/retail distribution, and business services), this study examines if the "follow the customer" (FTC) hypothesis holds for firm-level data. The results suggest that banks do follow their customers into a foreign market, as part of a larger strategy that goes beyond the FTC theory. The firm level data show that the majority of FDI into a host country occurs after the foreign bank has established operations. Policy implications of this finding include the suggestion that host economies liberalize their financial sector early in an effort to attract banking FDI which then will attract non-banking FDI rather than the reverse. © International Atlantic Economic Society 2005.

引用

页码：405 / 422

页数：17

共 41 条

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