The Internationalization of Banks: Patterns, Strategies and Performance

Cover......Page 1
Contents......Page 6
List of Tables......Page 8
List of Figures......Page 10
List of Abbreviations......Page 12
Name Conventions......Page 13
Preface......Page 14
1 Introduction......Page 16
1.1 A perspective on internationalization......Page 18
1.2 Aims, objectives and main results......Page 21
1.3 Contents......Page 25
2 Banking since the 1980s: Challenges and Issues......Page 26
2.1 Changing role of banks......Page 27
2.2 Transformation of the banking industry......Page 34
2.3 Emerging economic structures in the European Union......Page 50
2.4 Evolution of financial services and products......Page 52
3.1 The theoretical groundwork for internationalization......Page 57
3.2 Incentives to internationalize......Page 58
3.3 Shaping international organizations......Page 78
4.1 Introduction......Page 83
4.2 Who form the world’s largest banks......Page 84
4.3 Key financial developments......Page 87
5.1 Introduction......Page 102
5.2 How to measure internationalization......Page 103
5.3 Internationalization since the 1980s......Page 105
5.4 Home bias......Page 112
5.5 Regional patterns in internationalization......Page 115
6.1 Identifying internationalization strategies......Page 120
6.2 Internationalization strategies......Page 123
6.3 Accelerating strategy......Page 127
6.4 Moderate strategy......Page 136
6.5 Established strategy......Page 144
6.6 Retreating strategy......Page 151
6.7 Imploding strategy......Page 159
6.8 Internationalization strategies: financial indicators......Page 166
7.2 Why internationalization should increase profitability......Page 172
7.3 Why internationalization should improve shareholder return......Page 175
7.4 Testing the relationships......Page 177
8 The Competitive Future of Internationalization Strategies......Page 203
8.1 Summary of findings......Page 204
8.2 Which internationalization strategies are best positioned for future success?......Page 206
8.3 Coping with changing financial systems: is it a challenge or opportunity?......Page 213
8.4 European integration: one banking market at last?......Page 215
Notes......Page 218
References......Page 228
C......Page 234
E......Page 235
I......Page 236
N......Page 237
Z......Page 238