Exporting financial institutions management via foreign direct investment mergers and acquisitions

被引：55

作者：

Berger, AN

Buch, CM

DeLong, G

DeYoung, R

机构：

[1] Fed Reserve Bank Chicago, Chicago, IL 60604 USA

[2] CUNY Bernard M Baruch Coll, New York, NY 10010 USA

[3] Kiel Inst World Econ, D-24105 Kiel, Germany

[4] Fed Reserve Syst, Board Governors, Washington, DC 20551 USA

[5] Wharton Financial Inst Ctr, Washington, DC 20551 USA

来源：

JOURNAL OF INTERNATIONAL MONEY AND FINANCE | 2004年 / 23卷 / 03期

关键词：

foreign direct investment; financial institutions; mergers and acquisitions;

D O I：

10.1016/j.jimonfin.2004.01.002

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We test the relevance of the new trade theory and the traditional theory of comparative advantage for explaining the geographic patterns of international M&As of financial institutions between 1985 and 2000. The data provide statistically significant support for both theories. We also find evidence that the U.S. has idiosyncratic comparative advantages at both exporting and importing financial institutions management. (C) 2004 Elsevier Ltd. All rights reserved.

引用

页码：333 / 366

页数：34

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