International Retail Banking as a Strategy: An Assessment

Tschoegl, Adrian E.

doi:10.1057/palgrave.jibs.8490407

Cited by 93 publications

(41 citation statements)

References 38 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

Section: Market Experience and Local Densitymentioning

confidence: 99%

“…Over time, liability of foreignness is expected to decline as a foreign subsidiary accumulates market knowledge regarding customer preferences, suppliers, and institutions (Johanson & Vahlne, 1977;Tschoegl, 1987;Zaheer & Mosakowski, 1997). Market experience enables the foreign subsidiary to make more informed decisions in the host country (Johanson & Vahlne, 1977;Tschoegl, 1987). Kostova and Zaheer (1999) suggested that insufficient information about a foreign subsidiary on the part of host country customers, suppliers, and institutions can lead to discriminatory treatment of the foreign subsidiary, such as unwillingness to conduct business with it or stereotyping foreign subsidiaries as inferior to domestic firms.…”

Section: Market Experience and Local Densitymentioning

confidence: 99%

“…Most subsidiaries have local or national mandates, particularly in service industries (Tschoegl, 1987;UNCTAD, 2004). Building on previous work on density dependence, we hypothesize that foreign subsidiaries that locate in highdensity environments face stronger competitive pressures than those located in low-density environments, suggesting that local density negatively affects foreign subsidiary performance.…”

mentioning

confidence: 99%

See 2 more Smart Citations

Local Density and Foreign Subsidiary Performance

Miller¹,

Eden²

2006

AMJ

226

186

View full text Add to dashboard Cite

Local density (the number of firms vying for similar resources in a local environment) has been overlooked in explaining foreign subsidiary performance. This study drew upon the concepts of liability of foreignness and density dependence to examine how local density within a host country affected performance-directly and indirectlythrough effects on market experience and strategic conformity. We found that local density was negatively related to foreign subsidiary performance and that market experience was less beneficial in high-density environments. Strategic conformity enhanced performance in low-density environments but adversely affected performance in high-density environments.

show abstract

Section: Market Experience and Local Densitymentioning

confidence: 99%

Section: Market Experience and Local Densitymentioning

confidence: 99%

mentioning

confidence: 99%

See 1 more Smart Citation

Local Density and Foreign Subsidiary Performance

Miller¹,

Eden²

2006

AMJ

226

186

View full text Add to dashboard Cite

show abstract

“…Banks based in countries where banking is highly competitive and advanced have accumulated such intangibles, and can hence be expected to expand abroad to exploit them ( Tschoegl, 2004 ). They are likely to take over banks in countries where banking is relatively less advanced but where the size of the market (the economic mass in a gravity model) is sufficiently large to provide benefits over the costs of entering these countries ( Tschoegl, 1987 The second reason why banks based in one country may want to engage in cross border M&As derives from the first reason: because of the gains from transferring intangibles between bank agencies, the optimal scale of banking may be quite large relative to the size of the home country ( Berger et al, 1993;Hughes and Mester, 2011 ). As a result, banking is highly concentrated in most national markets ( Bergstresser, 2008 ).…”

Section: Motives For Cross-border Mandas In Bankingmentioning

confidence: 99%

What drives cross-border M&As in commercial banking?

Gulamhussen

Hennart

Pinheiro

2016

Journal of Banking & Finance

View full text Add to dashboard Cite

a b s t r a c tUsing a gravity model, we analyze the determinants of the probability that commercial banks in 89 acquiring countries and 118 target countries will undertake M&As over a 30-year period and of the value of these M&As. We find that the value of cross-border M&As increases with the size of the acquiring country, and that both the probability and value of M&As vary positively with the depth of the financial market in acquirer countries and the presence of corporate and non-corporate customers from acquiring countries in target countries, and negatively with the geographic, psychic, and time zone distances between acquirer and target countries. Our study highlights the role of non-corporate customers and of psychic distance in the cross-border expansion of commercial banks through M&As.

show abstract

“…Similar organisations in other OECD countries (and particularly for US-based banks) usually 'lagged' rather than 'lead' manufacturing firms in their degree of internationalisation (Tschoegl, 1987;Focarelli and Pozzolo, 2001;Tschoegl, 2002).…”

Section: Latin America At the End Of The 20 Th Centurymentioning

confidence: 99%