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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Buch, Claudia M. | en |
dc.contributor.author | Koch, Cathérine Tahmee | en |
dc.contributor.author | Kötter, Michael | en |
dc.date.accessioned | 2010-01-27 | - |
dc.date.accessioned | 2010-05-14T08:23:11Z | - |
dc.date.available | 2010-05-14T08:23:11Z | - |
dc.date.issued | 2009 | - |
dc.identifier.uri | http://hdl.handle.net/10419/30609 | - |
dc.description.abstract | Modern trade theory emphasizes firm-level productivity differentials to explain the cross-border activities of non-financial firms. This study tests whether a productivity pecking order also determines international banking activities. Using a novel dataset that contains all German banks’ international activities, we estimate the ordered probability of a presence abroad (extensive margin) and the volume of international assets (intensive margin). Methodologically, we enrich the conventional Heckman selection model to account for the self-selection of banks into different modes of foreign activities using an ordered probit. Four main findings emerge. First, similar to results for non-financial firms, a productivity pecking order drives bank internationalization. Second, only a few non-financial firms engage in international trade, but many banks hold international assets, and only a few large banks engage in foreign direct investment. Third, in addition to productivity, risk factors matter for international banking. Fourth, gravity-type variables have an important impact on international banking activities. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x2891 | en |
dc.subject.jel | F30 | en |
dc.subject.jel | G21 | en |
dc.subject.ddc | 330 | en |
dc.title | Margins of international banking: is there a productivity Pecking order in banking, too? | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 61726192X | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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