Foreign affiliates of the world largest financial groups: Locations and governance

Research in International Business and Finance

Volumn 21, Issue 1, 2007, Pages 19-31

  Outreville, J François ^a  

^a United Nations Conference on Trade and Development   (Switzerland)

Author keywords

Financial groups; Governance; Transnational corporations (TNCs)

Indexed keywords

EID: 33751319672     PISSN: 02755319     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ribaf.2005.12.005     Document Type: Article

References (36)

1. Bartlett C.A., and Ghoshal S. Managing Across Borders: The Transnational Solution (1989), Harvard Business School Press, Boston, MA
2. Beck, T., Demirgüc-Kunt, A., Levine, R., 2003. Bank concentration and crises. National Bureau of Economic Research, Working-Paper No. 9921, August. Available at www.nber.org/papers/.
3. Beck, T., Demirgüc-Kunt, A., Laeven, L., Levine, R., 2004. Finance, firms size and growth. National Bureau of Economic Research, Working-Paper No. 10983, December. Available at www.nber.org/papers/.
4. BIS (Bank for International Settlements), 2001. Report on consolidation in the financial sector. Bank of International Settlements, Group of Ten, January. Available at www.bis.org.
5. BIS, 2004. Foreign direct investment in the financial sector of emerging market economies. Committee on the Global Financial System, Basel, Switzerland, March. Available at www.bis.org.
6. Capar N., and Kotabe M. The relationship between international diversification and performance in services firms. J. Int. Bus. Stud. 34 (2003) 345-355
7. Dunning J.H. Trade location of economic activity and the multinational enterprise: a search for the eclectic paradigm. In: Ohlin B., Hesselbom P.O., and Wiskman J.J. (Eds). The International Allocation of Economic Activity (1977), MacMillan, London
8. Dunning J.H. The eclectic paradigm of international production: a restatement and some possible extensions. J. Int. Bus. Stud. 19 (1988) 1-31
9. Dunning J.H. Reappraising the eclectic paradigm in an age of alliance capitalism. J. Int. Bus. Stud. 26 (1995) 461-491
10. Easterly, W., Levine, R., 2002. Tropics, germs and crops: how endowments influence economic development. National Bureau of Economic Research, Working Paper 9106, Cambridge, MA. Available at http://www.papers.nber.org/papers/W9106.
11. Galan J.I., and Gonzales-Benito J. Determinants factors of foreign direct investment: some empirical evidence. Eur. Bus. Rev. 13 5 (2001) 269-278
12. Ghemawat P. Distance still matters: the hard reality of global expansion. Harvard Bus. Rev. (2001) 2-11
13. Goldberg L., and Johnson D. The determinants of US banking activity abroad. J. Int. Money Financ. 9 (1990) 123-137
14. Habib M., and Zurawicki L. Corruption and foreign direct investment. J. Int. Bus. Stud. 33 2 (2002) 291-307
15. Javalgi R.G., Griffith D.A., and White D.S. An empirical examination of factors influencing the internationalization of services firms. J. Serv. Mark. 17 (2003) 185-201
16. Johansson J., and Vahlne J.E. The internationalization process of the firm: a model of knowledge development and increasing foreign market commitments. J. Int. Bus. Stud. 8 1 (1977) 23-32
17. Johansson J., and Vahlne J.E. The Mechanism of internalization. Int. Mark. Rev. 7 4 (1990) 1-24
18. Katrishen F.A., and Scordis N.A. Economies of scale in services: a study of multinational insurers. J. Int. Bus. Stud. 29 2 (1998) 305-324
19. Kaufmann D., Kraay A., and Zoido-Lobaton P. Governance matters: from measurement to action. Financ. Dev. 37 2 (2000)
20. Kaufmann D., and Kraay A. Growth without governance. Economia 3 1 (2002) 169-229
21. Kaufmann, D., 2003. Rethinking governance: empirical lessons challenge orthodoxy. World Bank Research Paper, World Bank, Washington, DC. Available at www.worldbank.org/wbi/governance/.
22. Klapper L.F., and Love I. Corporate governance, investor protection, and performance in emerging markets. J. Corp. Financ. 10 (2004) 703-728
23. Knack S., and Keefer P. Does social capital have an economic payoff? A cross-country investigation. Q. J. Econ. 112 4 (1997) 1251-1288
24. Kogut B., and Singh H. The Effect of national culture on the choice of entry mode. J. Int. Bus. Stud. 22 2 (1998) 209-224
25. Kwoka J.E. Large firms dominance and price-cost margins in manufacturing industries. Southern Econ. J. 44 (1977) 183-189
26. La Porta R., Lopez-de-Silanes F., Sheifer A., and Vishny R. The quality of governments. J. Law Econ. Organ. 15 1 (1999) 222-279
27. La Porta R., Lopez-de-Silanes F., Sheifer A., and Vishny R. Investor protection and corporate governance. J. Financ. Econ. 58 1 (2000) 3-27
28. Levine, R., 2002. Bank-based or market-based financial systems: which is better? National Bureau of Economic Research, Working-Paper No. 9138, September. Available at www.nber.org/papers/.
29. Moshirian F. International investment in financial services. J. Bank. Financ. 25 (2001) 317-337
30. Overman, H.G., Redding, S., Venables, A.J., 2001. The economic geography of trade production and income: a survey of empirics. Centre for Economic Performance, Discussion Paper No. 2978. Available at http://cep.lse.ac.uk/.
31. Rodrick, D., Subramanian, A., Trebbi, F., 2002. Institutions rules: the primacy of institutions over geography and integration in economic development. CID Working Paper No. 97, Center for International Development at Harvard University, Cambridge, MA. Available at www.cid.Harvard.edu/cidwp/097.htm.
32. Rugman A.M., and Verbeke A. A perspective on regional and global strategies of multinational enterprises. J. Int. Bus. Stud. 35 1 (2004) 3-18
33. United Nations Centre on Transnational Corporations (UNCTC), 1989. Foreign Direct Investment and Transnational Corporations in Services, United Nations, New York, No. E.89.II.A.1.
34. United Nations Conference on Trade and Development (UNCTAD), 2004. World investment report: the shift towards services, United Nations, New York and Geneva, No. E.04.II.D.33. Available at www.unctad.org/wir/.
35. United Nations Conference on Trade and Development (UNCTAD), 2005. World investment report: transnational corporations and the internationalization of R&D, United Nations, New York and Geneva, No. E.05.11.D.10. Available at www.unctad.org/wir/.
36. World Economic Forum, 2005. The Global Competitiveness Report 2004-2005, Geneva. Available at www.weforum.org/site/homepublic.nsf/.