EconStor >
Deutsche Bundesbank, Forschungszentrum, Frankfurt am Main >
Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/19473
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorLipponer, Alexanderen_US
dc.contributor.authorBuch, Claudia M.en_US
dc.date.accessioned2009-01-28T15:58:48Z-
dc.date.available2009-01-28T15:58:48Z-
dc.date.issued2004en_US
dc.identifier.urihttp://hdl.handle.net/10419/19473-
dc.description.abstractThe presence of other firms in a foreign market can have a double-edged effect on the profitability of new entrants. Firstly, a larger presence of other firms implies more competition and thus lowers the earnings prospects of new entrants. Secondly, there might be positive spill-over effects between the activities of new and old entrants, which can lead to clustering effects. Such clustering of firms in foreign markets has been documented in the empirical literature on foreign direct investment (FDI) of nonfinancial firms, but little evidence is available for banks. This paper analyses whether banks have a tendency to cluster abroad and whether smaller banks in particular invest in markets where other banks are already present. We use firm-level evidence on the foreign direct investments of German banks for the period 1997-2000 to test this hypothesis. Our results suggest that German banks are indeed more active in markets in which other German banks are already present. However, once we control for countryfixed effects, the negative competition effect dominates.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,06en_US
dc.subject.jelF21en_US
dc.subject.jelF0en_US
dc.subject.ddc330en_US
dc.subject.keywordinternational bankingen_US
dc.subject.keywordclusteringen_US
dc.subject.keywordforeign direct investmenten_US
dc.subject.stwBanken_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwDeutschen_US
dc.subject.stwRegionale Konzentrationen_US
dc.subject.stwSch├Ątzungen_US
dc.subject.stwDeutschlanden_US
dc.titleClustering or competition? The foreign investment behaviour of German banksen_US
dc.typeWorking Paperen_US
dc.identifier.ppn385183445en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:1819-
Appears in Collections:Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank

Files in This Item:
File Description SizeFormat
200406dkp.pdf364.77 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.