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Strategic responses to global challenges: The case of European banking, 1973-2000

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  • Mitchell Larson
  • Gerhard Schnyder
  • Gerarda Westerhuis
  • John Wilson

Abstract

In applying a strategy, structure, ownership and performance (SSOP) framework to three major clearing banks (ABN AMRO, UBS, Barclays), this article debates whether the conclusions generated by Whittington and Mayer about European manufacturing industry can be applied to the financial services sector. While European integration plays a key role in determining strategy, it is clear that global factors were far more important in determining management actions, leading to significant differences in structural adaptation. The article also debates whether this has led to improved performance, given the problems experienced with both geographical dispersion and diversification, bringing into question the quality of decision-making over the long term.

Suggested Citation

  • Mitchell Larson & Gerhard Schnyder & Gerarda Westerhuis & John Wilson, 2011. "Strategic responses to global challenges: The case of European banking, 1973-2000," Business History, Taylor & Francis Journals, vol. 53(1), pages 40-62.
    • Handle: RePEc:taf:bushst:v:53:y:2011:i:1:p:40-62
    DOI: 10.1080/00076791.2011.546660
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    References listed on IDEAS

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    1. Canals, Jordi, 1997. "Universal Banking: International Comparisons and Theoretical Perspectives," OUP Catalogue, Oxford University Press, number 9780198775058, Decembrie.
    2. Battilossi, Stefano & Cassis, Youssef (ed.), 2002. "European Banks and the American Challenge: Competition and Cooperation in International Banking Under Bretton Woods," OUP Catalogue, Oxford University Press, number 9780199250271, Decembrie.
    3. Whittington, Richard & Mayer, Michael, 2000. "The European Corporation: Strategy, Structure, and Social Science," OUP Catalogue, Oxford University Press, number 9780199242085, Decembrie.
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    Cited by:

    1. Yildirim, Canan & Kasman, Adnan & Gulamhussen, Mohamed Azzim, 2023. "Efficiency of multinational banks: Impacts of geographic and product loci," International Business Review, Elsevier, vol. 32(5).
    2. Daniel Haberly & Dariusz Wójcik, 2020. "The end of the great inversion: offshore national banks and the global financial crisis [European financial cross-border consolidation: at the crossroads in]," Journal of Economic Geography, Oxford University Press, vol. 20(6), pages 1263-1292.

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