search query: @indexterm Foreign investment / total: 1949
reference: 229 / 1949
| Author: | Focarelli, D. Pozzolo, A. F. |
| Title: | The patterns of cross-border bank mergers and shareholdings in OECD countries |
| Journal: | Journal of Banking and Finance
2001 : DEC, VOL. 25:12, p. 2305-2338 |
| Index terms: | FOREIGN INVESTMENT BANKING BANKS INTERNATIONAL BANKS MERGERS |
| Language: | eng |
| Abstract: | In recent years there has been a surge in mergers and acquisitions (M&As) in all sectors of economic activity. Cross-border operations have followed this trend, creating global companies operating in all major world markets. In this paper the authors study the pattern of cross-border M&As in the banking industry relative to the non-financial sector of the economy and investigate which factors make it more likely that a bank will expand its activities abroad. The authors find that cross-border M&As are rarer in banking than in other sectors, possibly owing to the importance of information asymmetries in banking relationships and to regulatory restrictions. |
SCIMA