Size, productivity, and international banking

• 成果类型: Article
• 署名作者: Buch, Claudia M.; Koch, Catherine T.; Koetter, Michael
• 署名单位: Eberhard Karls University of Tubingen; Eberhard Karls University of Tubingen; University of Zurich; University of Groningen; Sveriges Riksbank
• 刊物名称: JOURNAL OF INTERNATIONAL ECONOMICS
• ISSN/ISSBN: 0022-1996
• DOI: 10.1016/j.jinteco.2011.07.001
• 发表日期: 2011
• 页码: 329-334
• 关键词: Trade in financial services; international banking; Foreign entry modes; size; PRODUCTIVITY

摘要

Heterogeneity in size and productivity is central to models that explain which manufacturing firms expert. This study presents descriptive evidence on similar heterogeneity among international banks as financial services providers. A novel and detailed bank-level data set reveals the volume and mode of international activities for all German banks. Only a few, large banks have a commercial presence abroad, consistent with the size pecking order documented for manufacturing firms. However, the relationship between internationalization and productivity also yields two inconsistencies with recent trade models. First, virtually all banks hold at least some foreign assets, irrespective of size or productivity. Second, some fairly unproductive banks maintain commercial presences abroad. (C) 2011 Elsevier B.V. All rights reserved.