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/lp/emerald-publishing/the-regional-nature-of-the-world-s-banking-sector-pM6z0FVVkL
- Publisher
- Emerald Publishing
- Copyright
- Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
- ISSN
- 1525-383X
- DOI
- 10.1108/1525383X200400013
- Publisher site
- See Article on Publisher Site
Abstract
Of the forty banks included in the world’s largest 500 firms, none operate on a global basis. All but one are heavily dependent on their home region, with an average of 78.3 percent of their sales being intra‐regional. The other bank is European owned but has a majority of its sales in North America, i.e. it is host‐region oriented. The insularity of the world’s largest banks is not a sector‐ specific factor only nine of the world’s 500 largest firms are global, and the vast majority are like the banks, home‐region based.
Journal
Multinational Business Review – Emerald Publishing
Published: Nov 19, 2004
Keywords: Banks; Banking sector; Regionalisation; Globalisation; Domestic markets; Financial services