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The Regional Nature of World Banking

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  • Alan M. Rugman

    (Department of Business Economics and Public Policy, Indiana University Kelley School of Business)

Abstract

Of the forty banks included in the world’s largest 500 firms, none operate on a global basis. All but one are heavily dependent on their home region, with an average of 78.3% of their sales being intra-regional. The other bank is European owned but has a majority of its sales in North America, i.e. it is host-region oriented. The insularity of the world’s largest banks is not a sector-specific factor—only nine of the world’s 500 largest firms are global, and the vast majority are like the banks, home-region based.

Suggested Citation

  • Alan M. Rugman, 2004. "The Regional Nature of World Banking," Working Papers 2004-21, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    • Handle: RePEc:iuk:wpaper:2004-21
    as

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    File URL: http://kelley.iu.edu/riharbau/RePEc/iuk/wpaper/bepp2004-21-rugman.pdf
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    References listed on IDEAS

    as
    1. Rugman,Alan M., 2005. "The Regional Multinationals," Cambridge Books, Cambridge University Press, number 9780521842655, January.
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