What is a multinational corporation? Classifying the degree of firm-level multinationality. Int, Bus. Rev, vol.20, issue.5, pp.557-577, 2011. ,
The regional dimension of MNEs' foreign subsidiary localization, J. Int. Bus. Stud, vol.40, pp.86-107, 2009. ,
Unpacking dimensions of foreigness: firm-specific capabilities and international dispersion in regional, cultural, and institutional space, Global Strategy J, vol.3, issue.2, pp.127-149, 2013. ,
Local, regional, or global? Geographic orientation and relative financial performance of emerging market multinational enterprises, Eur. Manag. J, vol.27, issue.5, pp.344-355, 2009. ,
Home region focus and technical efficiency of multinational enterprises: the moderating role of regional integration. Manag, Int. Rev, vol.52, issue.4, pp.493-518, 2012. ,
Bank liquidity creation, monetary policy, and financial crises, J. Financ. Stabil, vol.30, pp.139-155, 2017. ,
The effects of geographic expansion on bank efficiency, J. Financ. Serv. Res, vol.19, issue.2-3, pp.163-184, 2001. ,
Globalization of financial institutions: evidence from cross-border banking performance, Papers Financ. Serv, vol.3, pp.23-120, 2000. ,
The ability of banks to lend to informationally opaque small businesses, J. Bank. Finance, vol.25, issue.12, pp.2127-2167, 2001. ,
Exporting financial institutions management via foreign direct investment mergers and acquisitions, J. Int. Money Finance, vol.23, issue.3, pp.333-366, 2004. ,
Bank competition and financial stability, J. Financ. Serv. Res, vol.35, issue.2, pp.99-118, 2009. ,
The effects of focus versus diversification on bank performance: evidence from Chinese banks, J. Bank. Finance, vol.34, pp.1417-1435, 2010. ,
Internationalization and bank risk, Manag. Sci, vol.63, issue.7, pp.2283-2301, 2017. ,
, EME Banking Systems and Regional Financial Integration, CGFS Papers, issue.51, 2014.
Initial conditions and moment restrictions in dynamic panel data models, J. Econom, vol.87, issue.1, pp.115-143, 1998. ,
The internationalization of service firms from emerging economies: an internalization perspective. Long Range Plan, vol.49, pp.559-569, 2016. ,
Cross-border bank mergers: what lures the rare animal?, J. Bank. Finance, vol.28, issue.9, pp.2077-2102, 2004. ,
Do banks benefit from internationalization? Revisiting the market power-risk nexus, Rev. Finance, vol.17, issue.4, pp.1401-1435, 2013. ,
Crisis-related shifts in the market valuation of banking activities, J. Financ. Intermed, vol.23, issue.3, pp.400-435, 2014. ,
Governance and bank valuation, J. Financ. Intermed, vol.16, issue.4, pp.584-617, 2007. ,
Liquidity management of U.S. global banks: internal capital markets in the great recession, J. Int. Econ, vol.88, issue.2, pp.299-311, 2012. ,
Measures of global bank complexity, Federal Reserve Bank N. Y. Econ. Policy Rev, vol.20, issue.2, pp.107-126, 2014. ,
Equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis, J. Financ. Stabil, vol.16, pp.164-172, 2015. ,
Global banking: recent developments and insights from research, Rev. Finance, vol.21, issue.4, pp.1513-1555, 2017. ,
Being a foreigner among domestic banks: asset or liability?, J. Bank. Finance, vol.36, issue.5, pp.1276-1290, 2012. ,
Foreign Banks: Trends, Impact and Financial Stability, IMF Working Papers, issue.12, 2010. ,
The Impact of the Global Financial Crisis on Banking Globalization, IMF Working Papers, issue.14, 0197. ,
Location decisions of foreign banks and competitor remoteness, J. Money Credit Bank, vol.46, issue.1, pp.145-170, 2014. ,
Transforming disadvantages into advantages: developing-country MNEs in the least developed countries, J. Int. Bus. Stud, vol.39, issue.6, pp.957-979, 2008. ,
Internal capital markets and lending by multinational bank subsidiaries, J. Financ. Intermed, vol.19, issue.1, pp.1-25, 2010. ,
Multinational banks and the global financial crisis. Weathering the perfect storm?, J. Money Credit Bank, vol.46, issue.1, pp.333-364, 2014. ,
Bank activity and funding strategies: the impact on risk and returns, J. Financ. Econ, vol.98, issue.3, pp.626-650, 2010. ,
Geographic diversification, bank holding company value, and risk, J. Money Credit Bank, vol.40, issue.6, pp.1217-1238, 2008. ,
Financial intermediation and delegated monitoring, Rev. Econ. Stud, vol.51, issue.3, pp.393-414, 1984. ,
European Banks Straddling Borders: Risky or Rewarding? Centre for Economic Policy Research Discussion Papers, p.12159, 2017. ,
Appendix to the Report on EU Banking Structures, 2010. ,
Geographic diversification in banking, J. Financ. Stabil, vol.15, pp.172-181, 2014. ,
Where do banks expand abroad? An empirical analysis, J. Bus, vol.78, issue.6, pp.2435-2464, 2005. ,
Better the Devil That You Know: Evidence on Entry Costs Faced by Foreign Banks. Inter-American Development Bank Working Papers, 2003. ,
International diversification gains and home bias in banking, J. Bank. Finance, vol.37, issue.7, pp.2560-2571, 2013. ,
Identifying the valuation effects and agency costs of corporate diversification: evidence from the geographic diversification of U.S. banks, Rev. Financ. Stud, vol.26, issue.7, pp.1787-1823, 2013. ,
Does the geographic expansion of banks reduce risk?, J. Financ. Econ, vol.120, issue.2, pp.346-362, 2016. ,
Strategic and organisational challenges of internationalisation in financial services, Long Range Plan, vol.42, issue.5-6, pp.561-587, 2009. ,
Are the largest financial institutions really 'global'? Manag, Int. Rev, vol.45, issue.1, pp.129-144, 2005. ,
International diversification and risk of multinational banks: evidence from the pre-crisis period, J. Financ. Stabil, vol.13, pp.30-43, 2014. ,
Do multinational banks create or destroy shareholder values? A cross-country analysis, Financ. Markets Inst. Instrum, vol.26, issue.5, p.295, 2017. ,
Cultural clusters: methodology and findings, J. World Bus, vol.37, issue.1, pp.11-15, 2002. ,
Regulatory arbitrage and cross-border bank acquisitions, J. Financ. Econ, vol.70, issue.6, pp.2395-2450, 2015. ,
Is there a diversification discount in financial conglomerates?, J. Financ. Econ, vol.85, issue.2, pp.331-367, 2007. ,
Tobin's Q, corporate diversification, and firm performance, J. Polit. Econ, vol.102, issue.6, pp.1248-1280, 1994. ,
Bank efficiency and foreign ownership: do good institutions matter?, J. Bank. Finance, vol.32, issue.5, pp.834-844, 2008. ,
The Corporate Governance of Banks: A Concise Discussion of Concepts and Evidence. World Bank Policy Research Working Papers, 2004. ,
The New Dynamics of Financial Globalization, 2017. ,
International expansion of emerging market enterprises: a springboard perspective, J. Int. Bus. Stud, vol.38, pp.481-498, 2007. ,
The entry and the activity level of foreign banks in Italy: an analysis of the determinants, J. Bank. Finance, vol.29, issue.5, pp.1295-1310, 2005. ,
International growth of banks: from competence-exploiting to competence-enhancing strategies?, Serv. Ind. J, vol.30, issue.7, pp.1007-1024, 2010. ,
Dragon multinationals: new players in 21st century globalization, Asia Pac. J. Manag, vol.23, issue.1, pp.5-27, 2006. ,
Notes on CEPII's Distances Measures: The GeoDist Database, CEPII Research Center Working Papers, pp.2011-2036, 2011. ,
The location of financial sector FDI: tax and regulation policy, J. Bank. Finance, vol.78, pp.14-26, 2017. ,
Distance constraints: the limits of foreign lending in poor economies, J. Finance, vol.61, issue.3, pp.1465-1505, 2006. ,
Is there a liability of foreignness in global banking? An empirical test of banks' X-efficiency, Strateg. Manag. J, vol.23, issue.1, pp.55-75, 2002. ,
Corporate Governance of Banks After the Financial CrisisTheory, Evidence, Reforms, ECGI Working Paper Series in Law, 2010. ,
Biases in dynamic models with fixed effects, Econometrica, vol.49, issue.6, pp.1417-1426, 1981. ,
The international scale and scope of European multinationals, Eur. Manag. J, vol.27, issue.5, pp.336-343, 2009. ,
Regional and product diversification and the performance of retail multinationals, J. Int. Manag, vol.21, issue.3, pp.220-234, 2015. ,
Multinational banks from developing versus developed countries: competing in the same arena?, J. Int. Manag, vol.13, issue.3, pp.376-397, 2007. ,
The performance implications of intra-and inter-regional geographic diversification, Strateg. Manag. J, vol.31, issue.9, pp.1018-1030, 2010. ,
Liability of country foreignness and liability of regional foreignness: their effects on geographic diversification and firm performance, J. Int. Bus. Stud, vol.44, issue.6, pp.635-647, 2013. ,
How to do xtabond2: an introduction to difference and system GMM in Stata, Stata J, vol.9, issue.1, pp.86-136, 2009. ,
Does the regional nature of multinationals affect the multinationality and performance relationship? Int, Bus. Rev, vol.19, issue.5, pp.479-488, 2010. ,
A perspective on regional and global strategies of multinational enterprises, J. Int. Bus. Stud, vol.35, pp.3-18, 2004. ,
Towards a theory of regional multinationals: a transaction cost economics approach. Manag, Int. Rev, vol.45, issue.1, pp.5-17, 2005. ,
Liabilities of regional foreignness and the use of firm-level versus country-level data: a response to Dunning et al, J. Int. Bus. Stud, vol.38, pp.200-205, 2007. ,
Fifty years of international business theory and beyond. Manag, Int. Rev, vol.51, issue.6, pp.755-786, 2011. ,
Cultural distance revisited: towards a more rigorous conceptualization and measurement of cultural differences, J. Int. Bus. Stud, vol.32, issue.3, pp.519-535, 2001. ,
Information production and capital allocation: decentralized versus hierarchical firms, J. Finance, vol.57, issue.5, pp.1891-1921, 2002. ,
The dark side of diversification: the case of US financial holding companies, J. Bank. Finance, vol.30, issue.8, pp.2131-2161, 2006. ,
Foreign banking in developing countries; origin matters, Emerg. Markets Rev, vol.8, issue.2, pp.81-105, 2007. ,
Global, local, or regional? The locus of MNE strategies, J. Manag. Stud, vol.53, issue.6, pp.1051-1075, 2016. ,
Positive theories of multinational banking: eclectic Theory versus Internalisation Theory, J. Econ. Surv, vol.11, issue.1, pp.71-100, 1997. ,
Overcoming the liability of foreignness, Acad. Manag. J, vol.38, issue.2, pp.341-363, 1995. ,