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dc.contributor.authorGulamhussen, Azzim
dc.date.accessioned2017-12-02T14:53:22Z
dc.date.available2017-12-02T14:53:22Z
dc.date.issued2012
dc.identifier.doi10.1002/tie.21512
dc.identifier.urihttp://hdl.handle.net/20.500.12127/5272
dc.description.abstractThe determinants of foreign direct investment (FDI) in investment banking are tested using unique data obtained from 43 semistructured interviews with senior managers of multinational banks. Consistent with internalization theory, the decision to service new customers is positively and significantly related to FDI. In line with internalization theory and the sequential entry framework, the perceived risk of doing business abroad is negatively and significantly related to FDI. Lock‐in is positively and significantly related to FDI. Very few managers consider it important to follow domestic customers, which does not emerge as significantly related to FDI. Qualitative information facilitated the interpretation of multiple empirical estimations.
dc.language.isoen
dc.publisherWiley
dc.subjectForeign Direct Investment
dc.titleFDI in investment banking
dc.identifier.journalThunderbird International Business Review
dc.source.volume54
dc.source.issue6
dc.source.beginpage921
dc.source.endpage934
vlerick.knowledgedomainAccounting & Finance
vlerick.knowledgedomainSpecial Industries : Financial Services Management
vlerick.typearticleJournal article
dc.identifier.vperid179935
dc.identifier.vpubid6523


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