Examining the Factors Influencing the International Expansion of Nigerian Banks

Amungo, Ebimo

doi:10.1007/978-3-319-30692-6_3

Cited by 7 publications

(3 citation statements)

References 15 publications

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“…However, the internationalization of Nigerian firms is still an underexplored concept, except for a few studies in the banking sector. Amungo (), for example, found that internationalization of Nigerian banks was motivated by home‐country regulations, domestic competitive pressure, managerial intentions, and risk diversification factors. Similarly, Boojihawon and Acholonu (), in a study of the internationalization of four African banks from Nigeria and Kenya, found that a consolidation and recapitalization program in the banking sector in 2004 motivated the Nigerian banks to embark on foreign expansion.…”

Section: Literature Review and Theoretical Perspectivementioning

confidence: 99%

The internationalization of Nigerian firms: Motivations and location patterns

Omokaro-Romanus

Anchor

Konara

2018

Thunderbird Intl Bus Rev

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Despite the increased number of studies of the internationalization of emerging-market multinationals (EMNCs), Latin American and Asian firms have dominated the focus of such studies, while the study of the internationalization process of sub-Saharan African firms in the international business literature is quite limited. Therefore, this article examines the motivations and location patterns of the internationalization process of four Nigerian firms through a multiple case study approach. The findings show that the internationalization of the Nigerian firms is a recent phenomenon, but the foreign investment pattern reflects a pan-African investment strategy. However, the findings also reveal that the firm-specific advantages that had been accumulated in the domestic market, coupled with home-country factors and regional-/hostmarket factors, were key determinants of the motivations and location patterns in the internationalization process of Nigerian firms.

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Section: Literature Review and Theoretical Perspectivementioning

confidence: 99%

The internationalization of Nigerian firms: Motivations and location patterns

Omokaro-Romanus

Anchor

Konara

2018

Thunderbird Intl Bus Rev

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“…Ref. [8] concluded that the banking sector's successful reform catalysed banks to enter global markets in Nigeria. The banks want to benefit from tangible and intangible assets in the lucrative sub-Saharan African banking sector and a change in the bank's strategic objectives.…”

Section: Literature Reviewmentioning

confidence: 99%

Banks’ Strategic International Expansion: Evidence from Africa

Elumah

2023

JMSD

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This study identified the strategies adopted by banks in Africa to gain access to international markets and why banks establish foreign operations. Twenty-two African banks were selected to examine the entry mode and number of foreign outlets. The study affirmed that most African banks expanded their operations internationally via acquisitions and strategic alliances. At the same time, the motive for expansion is linked to market development to serve customers operating in overseas markets, government policies, and strategic knowledge sourcing. Furthermore, some reasons identified include expanding operations, defensive expansion, and protecting existing bank client relations. The study recommends that African banks should strive to adapt different internationalisation strategies primarily driven by their desire to gain knowledge.

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“…Moreover, (Kraus, Mitter, Eggers, & Stieg, 2017) observed in their study on German managers that businesses are driven to the international market due to market saturation and dominance, increased competition, exhausted or unsuitable diversification possibilities. The general literature discourse proves that a firm early entry into the foreign market is not necessarily to increase sales or profit (Marinova & Marinov, 2017): but to take advantage of the foreign market opportunities; to overcome the home country environmental challenges such as market saturation, small domestic market size (Marinova & Marinov, 2017;Morais & Franco, 2018), high competitive market (Amungo, 2016), and unfavourable socio-cultural factors (Muralidharan & Pathak, 2017). Morais and Ferreira (2020) found that lack of government support which is the major unfavourable institutional factor positively impacts internationalization (Monticelli, Calixto, Vasconcellos, & Garrido, 2017;Morais & Ferreira, 2020).…”

Section: Hypothesis Developmentmentioning

confidence: 99%

Drivers of Indigenous Ghanaian Firms' Degree of internationalization

2022

EJBM

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The study aims to investigate home country institutional environment factors influencing indigenous firms' internationalization in Ghana. Precisely, the study examines the relationship between pull factors, push factors and internationalization. The paper leads to a comprehensive understanding of factors driving firms' internationalization, which could facilitate government support for such indigenous firms. The first research objective is to explore how favourable domestic factors pull/induce internationalization in line with the institutional-based view. The second proposed research objective aimed to examine the relationship between unfavourable factors and the internationalization of indigenous Ghanaian firms. The study is based on an institutional-based view and employed an online survey questionnaire to sample 109 key informants actively involved in the export and management of the export business. The data obtained were analyzed using multiple regression. The data were analyzed using STATA version 13 software. Also, Pearson correlation, linear regression and multiple regress were used to determine the association. The findings from the study indicate a negative relationship between pull factors and internationalization, with push factors recording no significant effect on the internationalization of firms.

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Examining the Factors Influencing the International Expansion of Nigerian Banks

Cited by 7 publications

References 15 publications

The internationalization of Nigerian firms: Motivations and location patterns

The internationalization of Nigerian firms: Motivations and location patterns

Banks’ Strategic International Expansion: Evidence from Africa

Drivers of Indigenous Ghanaian Firms' Degree of internationalization

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