Positive Theories of Multinational Banking: Eclectic Theory Versus Internalisation Theory
比较了折衷理论和内部化理论在解释跨国银行进入新市场动机和绩效上的适用性,认为内部化理论提供了更一致的分析框架,并建议实证研究应结合与之相符的专门理论。
The choice of an appropriate paradigm to consider banks’ motivation to enter a new market and their subsequent performance is an important issue in multinational banking. This paper discusses this issue within the context of two competing theories of the multinational enterprise and the special theories of banking as applied to the multinational enterprise. The conclusion of this paper is that while it may not be possible to empirically distinguish between the propositions of Eclectic theory and Internalisation theory, Internalisation theory offers a framework with greater internal consistency for the study of the multinational bank. Further, any empirical studies must be conducted within the framework of the appropriate special theories consistent with internalisation theory. These special theories have developed over time in an unstructured fashion, and the application of internalisation theory provides a cohesive framework within which to analyse these theories.