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Greek banks' internationalisation: a suggested modelling approach

Greek banks' internationalisation: a suggested modelling approach Purpose – This research aims to examine the importance of Greek banks' internationalisation. Further, it seeks to identify the entry modes and organisational forms adopting Greek banks when crossing borders as well as to suggest a modelling approach. Design/methodology/approach – Empirical data were collected by using secondary and primary data sources. Primary data sources included semi‐structured interviews with the key stakeholders in the industry. Findings – This research identified that Greek banks, adopt foreign direct investment entry mode and organisational forms such as branches and representative offices (internal growth), as well as subsidiaries and affiliates (external growth). It also was found that the participating in this research Greek banks, combine the two types of growth in their foreign markets entry. This study identified that the balance of combination is dependent upon a number of reasons and factors. Research limitations/implications – The study contains several shortcomings. The empirical study, for example, contains only three cases, which naturally raises the problem of generalization. Further, the theoretical view may contain conceptual elements, which hinder more specific observations. However, despite these limitations, the study contains some theoretical and managerial implications. Originality/value – The paper reports on the findings of the one of the first in its kind research study carried out in Greece in the Greek banking sector. The findings that emerged set the foundation for helping the various stakeholders in the sector to contribute towards building strong international presence to help them sustain the fierce competition from foreign banks. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png EuroMed Journal of Business Emerald Publishing

Greek banks' internationalisation: a suggested modelling approach

EuroMed Journal of Business , Volume 4 (1): 16 – May 15, 2009

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Publisher
Emerald Publishing
Copyright
Copyright © 2009 Emerald Group Publishing Limited. All rights reserved.
ISSN
1450-2194
DOI
10.1108/14502190910956710
Publisher site
See Article on Publisher Site

Abstract

Purpose – This research aims to examine the importance of Greek banks' internationalisation. Further, it seeks to identify the entry modes and organisational forms adopting Greek banks when crossing borders as well as to suggest a modelling approach. Design/methodology/approach – Empirical data were collected by using secondary and primary data sources. Primary data sources included semi‐structured interviews with the key stakeholders in the industry. Findings – This research identified that Greek banks, adopt foreign direct investment entry mode and organisational forms such as branches and representative offices (internal growth), as well as subsidiaries and affiliates (external growth). It also was found that the participating in this research Greek banks, combine the two types of growth in their foreign markets entry. This study identified that the balance of combination is dependent upon a number of reasons and factors. Research limitations/implications – The study contains several shortcomings. The empirical study, for example, contains only three cases, which naturally raises the problem of generalization. Further, the theoretical view may contain conceptual elements, which hinder more specific observations. However, despite these limitations, the study contains some theoretical and managerial implications. Originality/value – The paper reports on the findings of the one of the first in its kind research study carried out in Greece in the Greek banking sector. The findings that emerged set the foundation for helping the various stakeholders in the sector to contribute towards building strong international presence to help them sustain the fierce competition from foreign banks.

Journal

EuroMed Journal of BusinessEmerald Publishing

Published: May 15, 2009

Keywords: Banks; International marketing; Globalization; Greece

References