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Title: Internalization and experience: Japanese banks' international expansion, 1980-1998
Authors: Qian, L.
Delios, A. 
Keywords: Defensive expansion
Internalization theory
Japanese banks
Multinational banking
Issue Date: 2008
Citation: Qian, L., Delios, A. (2008). Internalization and experience: Japanese banks' international expansion, 1980-1998. Journal of International Business Studies 39 (2) : 231-248. ScholarBank@NUS Repository.
Abstract: We use an interdisciplinary approach to investigate multinational banks' foreign activities. We bridge core concepts from the stages theory of internationalization to internalization theory, to extend the literature on the defensive expansion hypothesis. Unlike the primarily aggregate levels of analysis employed in previous research on multinational banking, we utilize a firm-level analysis of the internationalization experiences of 21 Japanese banks in the period 1980-1998. We find that banks undertake foreign direct investment to secure internalization benefits by following their existing clients, and to achieve economies of scale in the application of their intangible assets in international markets. The magnitude of these relationships, however, is contingent upon the level of a bank's experience in the host countries. Consistent with predictions from internationalization theory, we find that the motivations for international expansion can change over time. © 2008 Academy of International Business.
Source Title: Journal of International Business Studies
ISSN: 00472506
DOI: 10.1057/palgrave.jibs.8400317
Appears in Collections:Staff Publications

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