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首页> 外文期刊>The Journal of Business >Where Do Banks Expand Abroad? An Empirical Analysis
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Where Do Banks Expand Abroad? An Empirical Analysis

机译:银行向哪里扩展?实证分析

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This paper investigates the determinants of the patterns of banks' foreign investment using a unique database of 260 large banks from OECD countries. Consistent with previous research, we find that high integration between the home and destination countries affects the location choice. However, institutional characteristics and measures of potential profit opportunities in the destination countries are more important than economic integration; they affect differently the decision between opening a branch or acquiring a subsidiary. Profit opportunities are a key factor especially affecting subsidiaries, so are lower regulatory restrictions. On the other hand, financial centers attract branches but not subsidiaries.
机译:本文使用来自OECD国家的260家大型银行的独特数据库,调查了银行外国投资模式的决定因素。与以前的研究一致,我们发现本国和目的地国之间的高度融合会影响地理位置的选择。但是,目的地国的制度特征和潜在获利机会的衡量方法比经济一体化更为重要;它们对开设分支机构或收购子公司之间的决定有不同的影响。获利机会是尤其影响子公司的关键因素,因此较低的监管限制也是如此。另一方面,金融中心吸引分支机构,但不吸引子公司。

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