haku: @author Li, J. / yhteensä: 14
viite: 6 / 14
| Tekijä: | Li, J. |
| Otsikko: | Asymmetric interactions between foreign and domestic banks: effects on market entry |
| Lehti: | Strategic Management Journal
2008 : AUG, VOL. 29:8, p. 873-893 |
| Asiasana: | banking market entry foreign investment competition USA |
| Kieli: | eng |
| Tiivistelmä: | Designed to illustrate the competitive interactions between foreign (here as: f-bks.) and domestic banks (as: d-bks.), this study examines early and late entry by f-bks. and d-bks. into the United States (California) market following a deregulation in the banking industry in the early 1980s. It is especially dealt with what response did the entry of f-bks. elicit from d-bks. and what influence did the entry of d-bks. exert on the evolution of the f-bks. in the market. Based on data from 1979 to 1988, it is shown that the density of f-bks. operating in the market had a U-shaped relationship with the rate of entry of U.S. d-bks., supporting the argument that foreign investment can encourage the expansion of d-bks. Although f-bks. being no obstacle to d-bks. entries, the presence of d-bks. deterred the entry of f-bks. |
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