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Gulamhussen, M. A. (2007). Choice of scale by banks in financial centers. International Business Review . 16 (4), 507-525
M. A. Gulamhussen, "Choice of scale by banks in financial centers", in Int. Business Review , vol. 16, no. 4, pp. 507-525, 2007
@article{gulamhussen2007_1724524992014, author = "Gulamhussen, M. A.", title = "Choice of scale by banks in financial centers", journal = "International Business Review ", year = "2007", volume = "16", number = "4", doi = "10.1016/j.ibusrev.2007.04.002", pages = "507-525", url = "http://www.sciencedirect.com/science/article/pii/S0969593107000546" }
TY - JOUR TI - Choice of scale by banks in financial centers T2 - International Business Review VL - 16 IS - 4 AU - Gulamhussen, M. A. PY - 2007 SP - 507-525 SN - 0969-5931 DO - 10.1016/j.ibusrev.2007.04.002 UR - http://www.sciencedirect.com/science/article/pii/S0969593107000546 AB - The paper develops a theoretical link between foreign investment, scale and reversibility in the banking industry. This link is used to formulate hypotheses that are empirically examined with a unique data set collected through interviews with senior managers of multinational banks in London. Findings reveal that banks do not set up large operations to service domestic customers or get a foothold, but do so to create hubs. Banks with confident beliefs set up large operations, and use large offices to lock themselves into the market. These results explain the cross-sectional variation in the size of foreign investments in the industry. Robustness checks do not reveal presence of influential data points; regressions are stable over time and consistent with what we know from secondary samples. ER -