The internationalisation process of Spanish banks: A tale of two times

International Journal of Bank Marketing

Volumn 19, Issue 2, 2001, Pages 53-68

  Cardone Riportella, Clara ^a   Cazorla Papis, Leonardo ^b  

^a DEPARTMENT OF BUSINESS ADMINISTRATION   (Spain)

^b UNIVERSITY OF ALMERÍA   (Spain)

Author keywords

Banks; Financial services; Globalization; Market entry; Spain

Indexed keywords

EID: 84986135364     PISSN: 02652323     EISSN: None     Source Type: Journal    
DOI: 10.1108/02652320110694865     Document Type: Article

References (47)

1. Aliber, R.Z. (1984), “International banking: a survey”, Journal of Money, Credit and Banking, Vol. 16, pp. 661-78.
2. Alvarez, M.J., Cardone, C., Lado, N. and Samartín, M. (1999), Financial Service Firm's Entry-mode Choice, Network Linkages and Cultural Diversity: Spanish Company in Latin America, WP 99-70 (17), Business Economics Series, Universidad Carlos III de Madrid, Madrid.
3. Buckley, P.J., Pass C.L. and Prescott, K. (1991), “The internationalization of service firms: a comparison with the manufacturing sector”, Scandinavian International Business Review, Vol. 1 No. 1, pp. 39-56.
4. Camino, D., Cardone, C. and Lado, N. (1997), “Foreign market entry decisions and distribution channels by Spanish insurers in Latin America: the MAPFRE experience”, in Bock, L.C. (Ed.), Seminar Proceedings of the 33rd International Insurance Society Conference, “Strategies for Growth”, pp. 209-33.
5. Cardone, C. and Cazorla, L. (1998), “The internationalisation process of Spanish banks: a tale of two times”, Seminar Proceeding (CD) 24th Annual Conference of the European International Business Academy (EIBA), Israel.
6. Cardone, C., Alvarez, M.J., Lado, N. and Sasi, V. (2000), “Going international: are financial service companies following manufacturing firms? The case of Finnish and Spanish banks and insurance companies”, CIBR Working Papers Z-8, Centre for International Business Research, Helsinki School of Economics and Business Administration.
7. Casson, M. (1990), “Evolution of multinational banks: a theoretical perspective”, in Jones, G. (Ed.), Banks as Multinationals, Routledge, London.
8. CEPAL (2000), La Inversión Extranjera en América Latina y el Caribe (1999), Naciones Unidas, Santiago de Chile.
9. Chung, K.H. and Charoenwong, C. (1991), “Investment options, assets in place, and the risk of stocks”, Financial Management, Vol. 20 No. 2, Autumn, pp. 21-33.
10. Czinkota, M.R. and Ronkainen, I.A. (1997), “International business and trade in the next decade: report from a Delphi study”, Journal of International Business Studies, Fourth Quarter, pp. 827-44.
11. Edvardsson, B. and Modell, S. (Eds) (1996), Service Management, Nerenius & Santérus Förlag AB, Stockholm, pp. 7-13.
12. Enderwick, P. (1989), “Some economics of service-sector multinational enterprise”, in Enderwick (Ed.), Multinational Service Firms, Routledge, London.
13. Engwall, L. and Wallenstål, M. (1988), “Tit for tat in small steps: the internationalisation of Swedish banks”, Scandinavian Journal of Management, Vol. 4, pp. 147-55.
14. Erramilli, K. (1990), “Entry mode choice in service industries”, International Marketing Review, Vol. 7 No. 5, pp. 50-62.
15. Erramilli, K. and Rao, C. (1990), “Choice of foreign market entry modes by services firms: role of market knowledge”, Management International Review, Vol. 3 No. 3, pp. 135-50.
16. Giddy, I.H. (1986), “The theory and industrial organisation of international banking”, in Gray (Ed.), Research in International Business and Finance, Volume 3, JAI Press, Greenwich, CT, pp. 195-243.
17. Goldberg, L.G. and Johnson, D. (1990), “The determinants of US banking activity abroad”, Journal of International Money and Finance, Vol. 9, pp. 123-37.
18. Gray, J.M. and Gray, H.P. (1981), “The multinational bank: a financial MNC”, Journal of Banking and Finance, Vol. 5, pp. 33-63.
19. Grubel, H.G. (1977), “A theory of multinational banking”, Banca Nazionale del Lavoro Quertely Review, December.
20. Heinkel, R.L. and Levi, M.D. (1992), “The structure of international banking”, Journal of International Money and Finance, Vol. 11, pp. 251-72.
21. Hellman, P. (1996), “The internationalisation of Finnish financial service companies”, International Business Review, Vol. 5 No. 2, pp. 191-208.
22. Johanson, J. and Vahlne, J.E. (1977), “The internationalization process of a firm: a model of knowledge, development and increasing foreign market commitments”, Journal of International Business, Vol. 8 No. 1, pp. 23-32.
23. Johanson, J. and Vahlne, J.E. (1990), “The mechanism of internationalization”, International Marketing Review, Vol. 7 No. 4, pp. 11-24.
24. Johanson, J. and Wiedersheim-Paul, F. (1975), “The internationalization of the firm: four Swedish cases”, Journal of Management Studies, Vol. 12 No. 3, pp. 11-24.
25. Jones, G. (1990), Banks as Multinationals Routledge, London and New York, NY.
26. Kester, W.C. (1993), Turning Growth Options into Real Assets, in AGGARWAL Capital Budgeting under Uncertainty, Prentice-Hall, Englewood Cliffs, NJ, pp. 187-207.
27. Lovelock, C.H. and Yip, G.S. (1996), “Developing global strategies for services business”, California Management Review, Vol. 38 No. 2, pp. 64-86.
28. Luostarinen, R. (1970), “Foreign operations of firms”, Helsinki School of Economics, Helsinki.
29. Luostarinen, R. (1979), “Internationalisation of the firm: an empirical study of the internationalisation of firms with small and open domestic markets with special emphasis on lateral rigidity as a behavioral characteristic in strategic decision making”, Acta Academiae Oeconomiae Helsingiensis, Series A, p. 30.
30. McKinley Global Institute (1994).
31. Mahajan, A., Ragan, A. and Zardkoohi, A. (1996), “Cost structures in multinational and domestic banking”, Journal of Banking and Finance, Vol. 20, pp. 283-306.
32. Majkgård, A. and Sharma, D. (1998), “Client-following and market-seeking strategies in the internationalization of serviced firms”, Journal of Business-to-Business Marketing, Vol. 4 No. 3, pp. 1-41.
33. Mascareñas, J. (2000), “Las decisiones de inversión como opciones reales: un enfoque conceptual”, Documento de Trabajo UCM.
34. Myers, S.C. and Majd, S. (1990), “Abandonment value and project life”, Advances in Futures and Options Research, Vol. 4, pp. 1-21.
35. Ruesgas, S.M. and Bichara, J.D. (1988), “Inversiones Españolas directas en América Latina en los años 90”, Boletín Económico del ICE, Vol. 2574, pp. 9-18.
36. Rugman, A.M. (1979), International Diversification and the Multinational Enterprise”, Lexington Books, Boston, MA.
37. Rugman, A.M. (1981) Inside the Multinationals: The Economics of Internal Markets, Columbia University Press, New York, NY.
38. Salomon Smith Barney (1997), Bank Reference Guides of Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela, December.
39. Salomon Smith Barney (1998), Latin American Equity Research: Latin America – Banks, Latin American Bank Annual, May.
40. Sharma, D. and Johanson, J. (1987), “Technical consultancy in internationalisation”, International Marketing Review, Vol. 4, pp. 20-9.
41. Terpstra, V. and Yu, C.M. (1988), “Determinants of foreign investment of US advertising agencies”, Journal of International Business, Vol. 19 No. 1, pp. 33-46.
42. Vandermerwe, S. and Chadwick, M. (1989), “The internationalization of services”, The Service Industrial Journal, Vol. 9 No. 1.
43. Warner, A. (1998), “Latin fever catches on”, The Banker, January, p. 66.
44. Wiedersheim-Paul, F. (1972), Uncertainty and Economic Distance: Studies in International Business, Uppsala.
45. Williams, B. (1997), “Positive theories of multinational banking: eclectic theory versus internationalisation theory”, Journal of Economics Surveys, Vol. 11 No. 1, pp. 71-100.
46. World Development Report (1997), Transnational Corporations, Market Structure and Competition Policy, ONU.
47. World Investment Report (1996), Investment, Trade and International Policy Arrangements, ONU.