Foreign activity of Russian banks:reconsidering multinational banking theory
Abstract
The present paper targets activity of Russian banks expanding their businesses abroad. Within the framework of existing multinational theory we examine motivation, entry modes and strategies of Russian foreign banks. We demonstrated on the example of Russia that distinctive features of banking sectors of host and home countries, offshore business of Russian banks, hidden forms of expansion through third countries, role of banks in other outward foreign investments, non-transparency of legal actors of foreign banks and their strong interrelation with the state and recourse-based TNCs and large financial and industrial groups, cultural and historical background among the host and home countries, all these factors in fact do matter and should be considered when investigating the foreign expansion of banks. Some suggestions were made in order to extend existing theoretical base on multinational banking theory.Download Info
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Paper provided by Kyoto University, Institute of Economic Research in its series KIER Working Papers with number 830.Length: 22pages
Date of creation: Nov 2012
Date of revision:
Handle: RePEc:kyo:wpaper:830
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Related research
Keywords: multinational banking theory; foreign banks; motivation; entry modes; strategies; Russian banks;Find related papers by JEL classification:
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- F30 - International Economics - - International Finance - - - General
- G20 - Financial Economics - - Financial Institutions and Services - - - General
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- P29 - Economic Systems - - Socialist Systems and Transition Economies - - - Other
- P33 - Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Business, and Aid
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-11-11 (All new papers)
- NEP-CIS-2012-11-11 (Confederation of Independent States)
- NEP-CWA-2012-11-11 (Central & Western Asia)
- NEP-TRA-2012-11-11 (Transition Economics)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Havrylchyk, Olena, 2011.
"The effect of foreign bank presence on firm entry and exit in transition economies,"
BOFIT Discussion Papers
11/2011, Bank of Finland, Institute for Economies in Transition.
- Havrylchyk, Olena, 2012. "The effect of foreign bank presence on firm entry and exit in transition economies," Journal of Banking & Finance, Elsevier, vol. 36(6), pages 1710-1721.
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