Internal capital markets and the funding of subsidiaries of multinational banks
Autor(a) principal: | |
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Data de Publicação: | 2014 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://ciencia.iscte-iul.pt/public/pub/id/18731 http://hdl.handle.net/10071/8373 |
Resumo: | We study the factors that determine the debt funding of subsidiaries of multinational banks. Our findings indicate that the funding of subsidiaries is determined by the internalization advantages of the parent bank and the home country, in addition to the characteristics of the subsidiary and the host country. Subsidiaries of multinational banks adjust the level of their funding by virtue of their affiliation with their parent’s multinational network. Multinational banks may exploit their internalization advantages to secure funding via subsidiaries. Our findings suggest that gaps in regulation and supervision between host and home countries have the potential to undermine the sound functioning of the global financial system. |
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Internal capital markets and the funding of subsidiaries of multinational banksWe study the factors that determine the debt funding of subsidiaries of multinational banks. Our findings indicate that the funding of subsidiaries is determined by the internalization advantages of the parent bank and the home country, in addition to the characteristics of the subsidiary and the host country. Subsidiaries of multinational banks adjust the level of their funding by virtue of their affiliation with their parent’s multinational network. Multinational banks may exploit their internalization advantages to secure funding via subsidiaries. Our findings suggest that gaps in regulation and supervision between host and home countries have the potential to undermine the sound functioning of the global financial system.Wiley-Blackwell2015-01-26T13:16:33Z2014-01-01T00:00:00Z20142015-01-26T13:14:13Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://ciencia.iscte-iul.pt/public/pub/id/18731http://hdl.handle.net/10071/8373eng1367-0271Gulamhussen, M.Lavrador, I. M. M.info:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-07-07T03:06:36Zoai:repositorio.iscte-iul.pt:10071/8373Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-07-07T03:06:36Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Internal capital markets and the funding of subsidiaries of multinational banks |
title |
Internal capital markets and the funding of subsidiaries of multinational banks |
spellingShingle |
Internal capital markets and the funding of subsidiaries of multinational banks Gulamhussen, M. |
title_short |
Internal capital markets and the funding of subsidiaries of multinational banks |
title_full |
Internal capital markets and the funding of subsidiaries of multinational banks |
title_fullStr |
Internal capital markets and the funding of subsidiaries of multinational banks |
title_full_unstemmed |
Internal capital markets and the funding of subsidiaries of multinational banks |
title_sort |
Internal capital markets and the funding of subsidiaries of multinational banks |
author |
Gulamhussen, M. |
author_facet |
Gulamhussen, M. Lavrador, I. M. M. |
author_role |
author |
author2 |
Lavrador, I. M. M. |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Gulamhussen, M. Lavrador, I. M. M. |
description |
We study the factors that determine the debt funding of subsidiaries of multinational banks. Our findings indicate that the funding of subsidiaries is determined by the internalization advantages of the parent bank and the home country, in addition to the characteristics of the subsidiary and the host country. Subsidiaries of multinational banks adjust the level of their funding by virtue of their affiliation with their parent’s multinational network. Multinational banks may exploit their internalization advantages to secure funding via subsidiaries. Our findings suggest that gaps in regulation and supervision between host and home countries have the potential to undermine the sound functioning of the global financial system. |
publishDate |
2014 |
dc.date.none.fl_str_mv |
2014-01-01T00:00:00Z 2014 2015-01-26T13:16:33Z 2015-01-26T13:14:13Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ciencia.iscte-iul.pt/public/pub/id/18731 http://hdl.handle.net/10071/8373 |
url |
https://ciencia.iscte-iul.pt/public/pub/id/18731 http://hdl.handle.net/10071/8373 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1367-0271 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/embargoedAccess |
eu_rights_str_mv |
embargoedAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Wiley-Blackwell |
publisher.none.fl_str_mv |
Wiley-Blackwell |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
mluisa.alvim@gmail.com |
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1817546398341529600 |