Banking Internationalization: the Choice between Greenfield Investment and Cross-border M&As

摘要：

Based on the positive relationship between mternationalization degree and banking competitiveness, this paper argues that Chinas banking may promote banking internationalization so as to improve competitiveness. It describes the most recent cases of Chinas banking internationalization,then employs the Cobb-Douglas production function to give the operation models of greenfield investment and cross-border mergers & acquisitions (M&As), provides a framework of the internationalization path choice for banking, suggests that the potential maximum profit of greenfield investment and cross-border M&As is the determinant to make decision during the bankings oversea expansion. The conclusion may derive implications for Chinas banking operation when they implementthe internationalization strategy.

关键词： Banking internationalization Greenfield investment Cross-border M&As

作者: YUAN Xuemei

作者单位: School of Economics,University of Jinan,P.R.China,250022

会议类型: 国际会议

会议名称: The 5th International Annual Conference on WTO and Financial Engineering(第五届WTO与金融工程国际会议)

会议地点: 杭州

会议语种:英文

页码: 74-78

在线出版日期: 2008-05-18（万方平台首次上网日期，不代表论文的发表时间）