Size, productivity, and international banking
AbstractHeterogeneity in size and productivity is central to models that explain which manufacturing firms export. This study presents descriptive evidence on similar heterogeneity among international banks as financial services providers. A novel and detailed bank-level data set reveals the volume and mode of international activities for all German banks. Only a few, large banks have a commercial presence abroad, consistent with the size pecking order documented for manufacturing firms. However, the relationship between internationalization and productivity also yields two inconsistencies with recent trade models. First, virtually all banks hold at least some foreign assets, irrespective of size or productivity. Second, some fairly unproductive banks maintain commercial presences abroad.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of International Economics.
Volume (Year): 85 (2011)
Issue (Month): 2 ()
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Web page: http://www.elsevier.com/locate/inca/505552
Trade in financial services; International banking; Foreign entry modes; Size; Productivity;
Find related papers by JEL classification:
- F3 - International Economics - - International Finance
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
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- Buch, Claudia M. & Koch, Cathérine T. & Koetter, Michael, 2014. "Should I stay or should I go? Bank productivity and internationalization decisions," Journal of Banking & Finance, Elsevier, vol. 42(C), pages 266-282.
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- Claudia M. Buch & T. Körner & B. Weigert, 2013.
"Towards Deeper Financial Integration in Europe: What the Banking Union Can Contribute,"
IWH Discussion Papers
13, Halle Institute for Economic Research.
- Buch, Claudia M. & Körner, Tobias & Weigert, Benjamin, 2013. "Towards deeper financial integration in Europe: What the Banking Union can contribute," Working Papers 02/2013, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
- Buch, Claudia M. & Goldberg, Linda S., 2014.
"International banking and liquidity risk transmission: lessons from across countries,"
675, Federal Reserve Bank of New York.
- Claudia M. Buch & Linda S. Goldberg, 2014. "International Banking and Liquidity Risk Transmission: Lessons from Across Countries," NBER Working Papers 20286, National Bureau of Economic Research, Inc.
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