Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/104257
Authors: 
Lehner, Maria
Year of Publication: 
2008
Series/Report no.: 
Munich Discussion Paper 2008-26
Abstract: 
When expanding abroad, a multinational bank faces a trade-off between accessing a foreign country via cross border lending or a financial foreign direct investment, i.e. greenfield or acquisition entry. We analyze the entry mode choice of multinational banks and explicitly derive the entry mode pattern in the banking industry. Moreover, we show that in less developed banking markets, a trend towards cross border lending and acquisition entry exists. Greenfield entry prevails in more developed markets. Furthermore, we identify a tendency towards acquisition entry in small and towards greenfield entry in larger host countries.
Subjects: 
foreign bank entry
multinational bank
cross border lending
greenfield entry
acquisition entry
JEL: 
F37
G21
G34
L13
O16
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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