Email this article 
Features of the process of transnationalization of bank capital and its implications for host economies
- Authors: Petrov N.A.1, Abramov D.V.1
-
Affiliations:
- Samara State University of Economics
- Issue: Vol 28, No 1 (2020)
- Pages: 31-44
- Section: INDUSTRIAL ORGANIZATION MARKETS
- URL: https://journals.rudn.ru/economics/article/view/23491
- DOI: https://doi.org/10.22363/2313-2329-2020-28-1-31-44
Cite item
Full Text
Abstract
The emergence of new factors affecting the dynamics of the number of branches of national banks, stricter financial policies of national economies aimed at controlling the performance of financing operations by transnational financial institutions, increasing the range of services provided by transnational banks are currently contributing to a change in the strategy for realizing the economic interests of transnational banks. It is economically inexpedient to compete with transnational banks of developed economies for banks in developing countries. The options for promoting their services and gaining market share can be the search for a certain category of customers who can’t afford the services of international banks, as well as the conclusion of transactions for joint project financing of the largest national industrial and infrastructure projects. In this paper, we study the process of transnationalization of bank capital in the face of changes in the institutional environment of countries - recipients of capital.
About the authors
Nikita A. Petrov
Samara State University of Economics
Author for correspondence.
Email: petrovnkt@gmail.com
PhD, Associate Professor, Economic Theory Department
141 Sovetskoi Armii St., Samara, 443090, RussiaDmitrii V. Abramov
Samara State University of Economics
Email: saanecht@mail.ru
PhD, Head of International Economy Department
141 Sovetskoi Armii St., Samara, 443090, RussiaReferences
- Cho, J. (2018). Knowledge transfer to foreign affiliates of multinationals through expatriation. Journal of International Economics, 113, 106–117. doi: 10.1016/j.jinteco.2018.04.006.
- Diemer, M. (2016). Who should rescue subsidiaries of multinational banks? Journal of Financial Stability, 26, 159–174. doi: 10.1016/j.jfs.2016.07.015.
- Getorelli, N. (2010). Global Banks and International Shock Transmission: Evidence from the Crisis. NBER, Working Paper (p. 136).
- Heinkel, R.L. (1992). The structure of international banking. Journal of International Money and Finance, (1), 261.
- Kuznetsov, A. (2012). Transnacionalnie korporacii stran BRICS [Transnational corporations of the BRICS countries]. World Economy and International Relations, (3), 3–11.
- Marois, B. (1997). French banks and European strategy. European management, 15(2), 183–189.
- Merz, J., & Overesch, M. (2016). Profit shifting and tax response of multinational banks. Journal of Banking & Finance, 68, 57–68. doi: 10.1016/j.jbankfin.2016.03.015.
- Näther, M., & Vollmer, U. (2019). National versus supranational bank regulation: Gains and losses of joining a banking union. Economic Systems, 43(1), 1–18. doi: 10.1016/j.ecosys. 2018.05.004.
- Nikulina, O.V. (2017). Transnacionalizaciya bankovskogo biznesa kak forma ekspansii kommercheskih bankov v usloviyah globalizacii mirovoi ekonomiki [Transnationalization of the banking business as a form of expansion of commercial banks in the context of globalization of the global economy]. Economics: Yesterday, Today and Tomorrow, 7(4A), 230–238. (In Russ.)
- Nikulina, O.V., & Bukreeva, E.I. (2015). Razrabotka metodov i instrumentov upravleniya finansovoi ustoichivostyu kommercheskogo banka v usloviyah mirovogo ekonomicheskogo krizisa [Development of methods and tools for managing the financial stability of a commercial bank in the context of the global economic crisis]. Economics and Entrepreneurship, (12–1), 604–608. (In Russ.)
- Pelletier, A. (2018). Internal capital market practices of multinational banks evidence from South Africa. Journal of Banking & Finance, 90, 131–145. doi: 10.1016/j.jbankfin.2018.03.008.
- Rozinsky, I.A. (2009). Inostrannie banki i nacionalnaya ekonomika [Foreign banks and the national economy] (p. 113). Moscow: Ekonomika Publ. (In Russ.)
- Wang, Li-H. (2017). Accounting quality and information asymmetry of foreign direct investment firms. Research in International Business and Finance, 42, 950–958. doi: 10.1016/j.ribaf.2017.07.029.
- Wells, L.T. (1986). New and Old Multinationals: competitors or Partners. Multinationals of the South (pp. 196–210).
- Williams, B. (1997). Positive theories of multinational banking: eclectic theory versus internalization theory. Journal of Economics Surveys, 11(1), 58.
