The Future of the Multinational Enterprise

Buckley, Peter J.; Casson, Mark

doi:10.1007/978-1-349-21204-0

Cited by 257 publications

(317 citation statements)

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“…This paper shall adopt the definition provided by Lewis and Davis (1987, p. 248); ''Multinational banking embraces both the Eurocurrency banking activities of foreign banks and their banking in host country currencies.'' This closely follows the operational approach of Buckley and Casson (1991). It is also consistent with that provided by Casson (1990, p. 14): ''A multinational bank (MNB) is simply a bank that owns and controls banking activities in two or more countries.''…”

Section: The Multinational Enterprise and Multinational Banksmentioning

confidence: 66%

The Defensive Expansion Approach to Multinational Banking: Evidence to Date

Williams¹

2002

Financial Market

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This paper integrates the defensive expansion hypothesis in multinational banking with the internalisation approach to the multinational enterprise. This framework is then used to structure a review of the literature to date regarding the proposition that multinational banks follow their clients abroad, otherwise called the defensive expansion hypothesis. Both theoretical and empirical issues relevant to the study of the defensive expansion hypothesis are canvassed. The paper concludes that the defensive expansion hypothesis is best modelled using firm level data, and that investment measures are a preferred proxy for following clients. Furthermore, studies considering the defensive expansion hypothesis should control for the effects of parent firm size and economic cycles. The paper concludes that defensive expansion increases multinational size, but has little impact upon multinational bank profits. There is some evidence that defensive expansion impacts upon the type of organisational form adopted by the multinational bank in the host nation.

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Section: The Multinational Enterprise and Multinational Banksmentioning

confidence: 66%

The Defensive Expansion Approach to Multinational Banking: Evidence to Date

Williams¹

2002

Financial Market

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“…Buckley and Casson 1991;Casson 1987;Rugman 1980Rugman , 1985 argue that internalisation alone is sufficient to explain the existence of the multinational firm.…”

Section: * This Study Was Financed By the Trade Implementation And Pomentioning

confidence: 97%

Trade Propensities and Foreign Ownership Shares in Indonesian Manufacturing

Ramstetter

1999

Bulletin of Indonesian Economic Studies

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This paper examines the relationship between trade propensities and foreign ownership shares in Indonesian manufacturing in 1992 and 1994. Foreign plants had relatively high trade propensities, and plants with high foreign ownership shares had the highest export propensities. Differences in import propensities among foreign ownership groups were relatively small. It might be argued that trade propensities determine foreign ownership shares in Indonesia, which historically waives foreign ownership restrictions for firms that export much of their output. However, this paper argues that causation runs from foreign ownership shares to trade propensities, because multinational firms have strong incentives to restrict access by uncontrolled affiliates to their international marketing networks, and because the relationship persists even when the effects of policy distortions are accounted for. Correspondingly, ownership restrictions that discriminate among foreign ownership groups are likely to reduce the exports of foreign multinational affiliates, but to have a much weaker effect on imports.

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“…Investigations across multiple industries remain a challenge for academics (Brennan, Turnbull, & Wilson, 2003). In addition, while research in marketing and management has addressed characteristics associated with multinational enterprises (Buckley & Casson, 1991) and small firms (Burns & Dewhurst, 1986), relatively little research has been reported on the marketing of medium sized firms (Barnes & Morris, 2000), particularly involving their relationships with customers.…”

Section: Introductionmentioning

confidence: 99%