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An examination of cross-border strategies in banking

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  • John Barry Howcroft
  • Rehan ul-Haq
  • Chris Carr

Abstract

The paper examines the process of bank internationalisation and explores how banks become international organisations and what this involves. It also makes an assessment of the significance of their international operations and determines whether banks are truly global organisations. The empirical data are based on the 60 largest banks in the world and content analysis is used to categorise the information into the eight international strategies of Atamer, Calori, Gustavsson, and Menguzzato-Boulard [Internationalisation strategies. In R. Calori, T. Atamer, & P. Nunes (Eds.), The dynamics of international competition -- from practice to theory, strategy series (pp. 162--206). London: Sage (2000)] and Bryan, Fraser, Oppenheim, and Rall [ Race for the World strategies to build a great global firm . Boston, MA: Harvard Business School Press (1999)]. The findings suggest that the majority of banks focus on countries or geographic regions in which they have some sort of cultural or economic affinity. Moreover, apart from a relatively small number of very large banks, they are international rather than truly global organisations.

Suggested Citation

  • John Barry Howcroft & Rehan ul-Haq & Chris Carr, 2010. "An examination of cross-border strategies in banking," The Service Industries Journal, Taylor & Francis Journals, vol. 31(13), pages 2091-2109, June.
    • Handle: RePEc:taf:servic:v:31:y:2010:i:13:p:2091-2109
    DOI: 10.1080/02642069.2010.504815
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    References listed on IDEAS

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    1. James R. Markusen, 2004. "Multinational Firms and the Theory of International Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262633078, December.
    2. Amel, Dean & Barnes, Colleen & Panetta, Fabio & Salleo, Carmelo, 2004. "Consolidation and efficiency in the financial sector: A review of the international evidence," Journal of Banking & Finance, Elsevier, vol. 28(10), pages 2493-2519, October.
    3. Maximilian J. B. Hall & Paul Hamalainen & Adrian Pop & Barry Howcroft, 2008. "Did the market signal impending problems at Northern Rock? An analysis of four financial instruments," Discussion Paper Series 2008_11, Department of Economics, Loughborough University, revised Oct 2008.
    4. Maximilian J.B. Hall, 1993. "Banking Regulation And Supervision," Books, Edward Elgar Publishing, number 201.
    5. Alfred Slager, 2005. "Internationalization of Banks: Strategic Patterns and Performance," SUERF Studies, SUERF - The European Money and Finance Forum, number 2005/4 edited by Morten Balling, May.
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