The Impact of Multinationals on the Size of the Banking System
研究发现，常用的银行资产与GDP之比衡量银行体系规模时，未考虑跨国公司的金融需求差异；跨国公司的存在与大型银行规模显著相关，因此提出了针对企业特定金融需求的补充衡量标准。
Summary After the global financial crisis, the size of the banking sector has become a hotly debated topic. To measure the size of the banking system a country's banking assets divided by the country's gross domestic product ( GDP ) is commonly applied as a general yardstick. This paper shows that this yardstick does not take into account differences in financial needs. In particular, countries differ with regard to the number and size of multinational enterprises. In a cross‐country empirical study, we find a statistically significant relationship between the presence of large banks and the presence of multinationals, after controlling for the size of the country. That is why we develop an additional specific yardstick for firm specific financial needs.