IDEAS home Printed from https://ideas.repec.org/a/taf/servic/v30y2008i8p1359-1375.html
   My bibliography  Save this article

Bank regulation and the process of internationalisation: A study of Japanese bank entry into London

Author

Listed:
  • John Barry Howcroft
  • Rehan Ul-Haq
  • Richard Hammerton

Abstract

The paper provides a theoretical insight into bank regulation and the process of internationalisation by examining the concepts of regulatory push and market pull within the context of Japanese bank entry into London during the 1980s. Rugman and Verbeke's [(1998). Corporate strategy and international environmental policy. Journal of International Business Studies , 29 (4), 819--833] Consistency of Home and Host Government Goals model is utilised to structure the discussion, which centres on a situation where there is a conflict of goals between multinational enterprises (MNEs) and the home government but goal alignment between MNEs and the host government. As such the paper examines a relatively under-researched aspect of internationalisation and concludes that in certain circumstances internationalisation can occur despite great ‘psychic distance’. The paper also argues that although bank regulation can lead to a conflict situation it can also be conducive to the development of a strong home base and the development of firm specific advantages.

Suggested Citation

  • John Barry Howcroft & Rehan Ul-Haq & Richard Hammerton, 2008. "Bank regulation and the process of internationalisation: A study of Japanese bank entry into London," The Service Industries Journal, Taylor & Francis Journals, vol. 30(8), pages 1359-1375, September.
    • Handle: RePEc:taf:servic:v:30:y:2008:i:8:p:1359-1375
    DOI: 10.1080/02642060802613533
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/02642060802613533
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/02642060802613533?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Nada Mora, 2008. "The Effect of Bank Credit on Asset Prices: Evidence from the Japanese Real Estate Boom during the 1980s," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(1), pages 57-87, February.
    2. Michael Moran, 1991. "The Politics of the Financial Services Revolution," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37789-9, December.
    3. Maximilian J.B. Hall, 1993. "Banking Regulation And Supervision," Books, Edward Elgar Publishing, number 201.
    4. Williamson, Oliver E, 1995. "Hierarchies, Markets and Power in the Economy: An Economic Perspective," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 4(1), pages 21-49.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rakesh Basant & Pankaj Chandra & Lynn Mytelka, 2001. "Inter-Firm Linkages and Development of Capabilities in the Indian Telecom Software Sector," Economics Study Area Working Papers 14, East-West Center, Economics Study Area.
    2. Niall Majury, 2007. "Technology and the Architecture of Markets: Reconfiguring the Canadian Equity Market," Environment and Planning A, , vol. 39(9), pages 2187-2206, September.
    3. Shastitko, Andrey & Golovanova, Svetlana, 2016. "Meeting blindly… Is Austrian economics useful for dynamic capabilities theory?," Russian Journal of Economics, Elsevier, vol. 2(1), pages 86-110.
    4. Xie He & Xiao-Jing Cai & Shigeyuki Hamori, 2018. "Bank Credit and Housing Prices in China: Evidence from a TVP-VAR Model with Stochastic Volatility," JRFM, MDPI, vol. 11(4), pages 1-16, December.
    5. Underhill, Geoffrey, 2010. "Theory and the Market after the Crisis: the Endogeneity of Financial Governance," CEPR Discussion Papers 8164, C.E.P.R. Discussion Papers.
    6. Or Raviv, 2017. "Europe's Mea Culpa: A Global Economy Gone Mad or a Crisis of Our Own Making?," Global Policy, London School of Economics and Political Science, vol. 8(2), pages 159-169, May.
    7. Geoffrey M. Hodgson, 2010. "Limits of Transaction Cost Analysis," Chapters, in: Peter G. Klein & Michael E. Sykuta (ed.), The Elgar Companion to Transaction Cost Economics, chapter 28, Edward Elgar Publishing.
    8. Lütz, Susanne, 2003. "Convergence within National Diversity: A Comparative Perspective on the Regulatory State in Finance," MPIfG Discussion Paper 03/7, Max Planck Institute for the Study of Societies.
    9. Dimitrios Zikos, 2020. "Revisiting the Role of Institutions in Transformative Contexts: Institutional Change and Conflicts," Sustainability, MDPI, vol. 12(21), pages 1-20, October.
    10. Magnani, Giovanna & Zucchella, Antonella & Strange, Roger, 2019. "The dynamics of outsourcing relationships in global value chains: Perspectives from MNEs and their suppliers," Journal of Business Research, Elsevier, vol. 103(C), pages 581-595.
    11. Chwieroth, Jeffrey & Walter, Andrew, 2015. "Great expectations, veto players, and the changing politics of banking crises," LSE Research Online Documents on Economics 60953, London School of Economics and Political Science, LSE Library.
    12. Michel, GHERTMAN, 1998. "Applications pratiques de la théorie des coûts de transaction," HEC Research Papers Series 636, HEC Paris.
    13. Plamen D. Tchipev, 2018. "Firm versus Market – Coase Revisited," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 79-85.
    14. Fabrice Roth, 1998. "Structures de propriété, pouvoir discrétionnaire managérial et choix d'activité dans l'assurance dommages en France," Revue Finance Contrôle Stratégie, revues.org, vol. 1(1), pages 169-194, March.
    15. Masahiko Aoki, 2003. "T-forms of Organization Revisited and A Trans-disciplinary Framework for Institutional Analysis," Discussion papers 03004, Research Institute of Economy, Trade and Industry (RIETI).
    16. Holger Vieten, 1995. "Auditing in Britain and Germany compared: professions, knowledge and the state," European Accounting Review, Taylor & Francis Journals, vol. 4(3), pages 485-514.
    17. R Grant, 1993. "Trading Blocs or Trading Blows? The Macroeconomic Geography of US and Japanese Trade Policies," Environment and Planning A, , vol. 25(2), pages 273-291, February.
    18. Andrew Sobel, 1997. "Domestic policy choices, political institutional change, and financial globalization-super-1," International Interactions, Taylor & Francis Journals, vol. 24(4), pages 345-377, July.
    19. Li, Ji & Chu, Chris W.L. & Wang, Xinran & Zhu, Hong & Tang, Guiyao & Chen, Yuanyi, 2012. "Symbiotic ownership, cultural alignment, and firm performance: A test among international strategic alliances," International Business Review, Elsevier, vol. 21(6), pages 987-997.
    20. Andrea Fracasso, 2015. "Economic Rebalancing and Growth: the Japanese experience and China’s prospects," DEM Discussion Papers 2015/07, Department of Economics and Management.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:servic:v:30:y:2008:i:8:p:1359-1375. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FSIJ20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.