کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7373957 | 1479776 | 2016 | 15 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Locational concentration and institutional diversification: Evidence from foreign direct investments in the banking industry
ترجمه فارسی عنوان
تمرکز محلی و تنوع سازمانی: شواهد از سرمایه گذاری مستقیم خارجی در صنعت بانکی
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
We study locational concentration and institutional diversification strategies in the context of foreign direct investment based on Dunning's eclectic paradigm in the banking industry. We report that locational concentration and institutional diversification strategies can enhance multinational bank return independently and simultaneously. Further, we document that locational concentration increases operational risk, while an institutional diversification strategy reduces this risk for a multinational bank. Our findings suggest that even when concentrating in a limited number of geographic locations, it is preferable to select more institutionally dissimilar countries. Overall, we conclude that multinational banks can achieve better performance by focusing on either locational concentration or institutional diversification, or a combination of both.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The North American Journal of Economics and Finance - Volume 38, November 2016, Pages 185-199
Journal: The North American Journal of Economics and Finance - Volume 38, November 2016, Pages 185-199
نویسندگان
I Han, Hsin-Yu Liang, Kam C. Chan,