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Tit for tat and big steps: The case of Swedish banks' internationalization 1961-2010
Mälardalen University.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.ORCID iD: 0000-0002-9009-3575
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2014 (English)In: International Business Review, ISSN 0969-5931, E-ISSN 1873-6149, Vol. 23, no 6, 1049-1063 p.Article in journal (Refereed) Published
Abstract [en]

This study examines four major Swedish banks' internationalization process patterns during the period 1961-2010. The study complements earlier studies by also considering the banks' levels of market commitment. One objective is to determine if 'Tit for tat'-behaviour seen in earlier studies of Swedish banks still prevails after the deregulation. Adding to earlier studies, this study also considers the level of market activities and commitments. A secondary purpose is to examine how the financial crisis has affected the banks with reference to the banks' internationalization patterns. The empirical study is based on archival data on the studied banks' foreign operations. The results show that the banks' behaviour follows 'Tit for tat'-behaviour but that the internationalization has accelerated after the deregulation, hence being carried out with 'big steps' rather than small steps. The analysis also shows that the mimetic behaviour is complemented by other types of internationalization behaviours. The differences in bank internationalization also mean that the effect of a financial crisis varies depending on how the banks have internationalized.

Place, publisher, year, edition, pages
2014. Vol. 23, no 6, 1049-1063 p.
National Category
Business Administration
Research subject
Business Studies
Identifiers
URN: urn:nbn:se:uu:diva-227513DOI: 10.1016/j.ibusrev.2014.06.014ISI: 000343391300003OAI: oai:DiVA.org:uu-227513DiVA: diva2:729957
Available from: 2014-06-26 Created: 2014-06-26 Last updated: 2017-12-05Bibliographically approved
In thesis
1. Executive expectation in the internationalization process of banks: The study of two Swedish banks foreign activities
Open this publication in new window or tab >>Executive expectation in the internationalization process of banks: The study of two Swedish banks foreign activities
2016 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

Since the late 1980s, deregulation of the banking sector has opened new avenues for the internationalization of banks. There are, however, few studies on the internationalization of banks – particularly Swedish banks. The purpose of this thesis is to deepen our knowledge of bank’s internationalization process by studying how the executive function’s expectation of market conditions influences internationalization patterns. This thesis makes an empirical contribution by describing how the Swedish banks Svenska Handelsbanken AB and Swedbank AB have internationalized during the period 1995-2014. The empirical evidence comprises all of the two banks’ activities in foreign markets and the qualitative cases describing this process have been constructed using archival data (newspaper articles, press releases, and reports) complemented with interviews.

Beside the empirical contribution the thesis makes a theoretical contribution to internationalization theory and more specifically to Johanson and Vahlne’s (1977) internationalization process model. While Johanson and Vahlne’s model does have a strong explanatory value, it does not fully explain its mechanisms (Andersen, 1993; Leonidou & Katsikeas, 1996) and only firm’s internationalizing incrementally (Liesch et al., 2002). For explanation of both incremental and non-incremental behaviors this thesis provides a proposed view of bank’s internationalization where the concept of executive expectation is developed as a mediating variable in Johanson and Vahlne’s internationalization process model. To this end, executive expectation is described as the driving and hindering force in bank’s internationalization process influenced by exogenous and endogenous changes. 

Place, publisher, year, edition, pages
Uppsala: Företagsekonomiska institutionen, 2016. 107 p.
Series
Doctoral thesis / Företagsekonomiska institutionen, Uppsala universitet, ISSN 1103-8454 ; 177
Keyword
expectation, executive, internationalization, banks, knowledge, commitment
National Category
Business Administration
Research subject
Business Studies
Identifiers
urn:nbn:se:uu:diva-280666 (URN)978-91-506-2536-3 (ISBN)
Public defence
2016-05-04, Hörsal 2, Ekonomikum, Kyrkogårdsgatan 10, Uppsala, 13:00 (English)
Opponent
Supervisors
Funder
The Jan Wallander and Tom Hedelius Foundation
Available from: 2016-04-11 Created: 2016-03-14 Last updated: 2016-04-11

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Hadjikhani, Annoch IsaPajuvirta, AndreasThilenius, Peter

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