Abstract
Combining foreign direct investment theory with data on 32 countries from the Federal Reserve Board, we examined U.S. banks' patterns of foreign operations, including their levels of banking services and choice of organizational forms in host countries. Results generally supported predictions, but only in developed countries. The lack of support in rapidly growing markets of Asia and Latin America raises serious theoretical concerns, and presents fresh research opportunities into the global banking industry.
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*Stewart R. Miller is a doctoral student in the Department of Management, Kelley School of Business, Indiana University (Bloomington). His research focuses on the global strategies of companies in service industries (especially, financial services), and on international competitiveness.
**Arvind Parkhe is an Associate Professor in the Department of Management, Kelley School of Business, Indiana University (Bloomington). His research focuses on the formation, structuring, and management of strategic alliances, and on the global strategies of companies in service industries.
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Miller, S., Parkhe, A. Patterns in the Expansion of U.S. Banks' Foreign Operations. J Int Bus Stud 29, 359–388 (1998). https://doi.org/10.1057/palgrave.jibs.8490040
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DOI: https://doi.org/10.1057/palgrave.jibs.8490040