Determinants of Overseas Expansions for the Top 1,000 Global Banks: Application of Eclectic Theory

全球千大銀行海外擴張因素－折衷理論驗證

蔡淵禮(Yuan-Li Tsai) ； 沈中華(Chung-Hua Shen)

《財務金融學刊》 20卷4期 (2012/12) Pp. 23-57

https://doi.org/10.6545/JFS.2012.20(4).2

摘要

本文使用全球1,000大銀行至51個重要城市設立海外據點資料，以折衷理論為基礎，探究全球大型銀行海外擴張策略思維與吸引大型銀行進入投資之一般性誘因。結果發現所有權、內部化及區位等三項優勢因素皆會影響銀行海外擴張動機或投資地點的選擇。我們亦發現來自不同所得、銀行發展程度與地區等國家的銀行會有不同的海外擴張思維。

關鍵字

海外擴張 ； 折衷理論 ； 全球千大銀行

並列摘要

We investigate the determinants of the overseas physical expansions of large global banks from the perspective of eclectic theory, using bank-level data of the top 1,000 banks. Results show that most ownership-specific, internalization and location advantage factors positively affect large banks' expansion motives or location choice, such as a bank's size and operational performance, commercial trade relationship, and environments with more banking opportunities, higher accessibility to the market, lower information costs, and famous financial centers. We also find that large banks from countries with different national income, bank development, or regions have different thoughts and strategies on overseas expansion.

並列關鍵字

Overseas expansion ； eclectic theory ； top 1,000 global banks

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