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Tit for tat and big steps: The case of Swedish banks' internationalization 1961-2010
Mälardalen University, School of Business, Society and Engineering, Industrial Economics and Organisation.ORCID iD: 0000-0001-7334-2480
Mälardalen University, School of Business, Society and Engineering, Industrial Economics and Organisation. Uppsala Univ, Sweden.ORCID iD: 0000-0002-9009-3575
Uppsala Univ, Sweden.
Uppsala Univ, Sweden.ORCID iD: 0000-0003-3322-437X
2014 (English)In: International Business Review, ISSN 0969-5931, E-ISSN 1873-6149, Vol. 23, no 6, p. 1049-1063Article in journal (Refereed) Published
Abstract [en]

This study examines four major Swedish banks' internationalization process patterns during the period 1961-2010. The study complements earlier studies by also considering the banks' levels of market commitment. One objective is to determine if 'Tit for tat'-behaviour seen in earlier studies of Swedish banks still prevails after the deregulation. Adding to earlier studies, this study also considers the level of market activities and commitments. A secondary purpose is to examine how the financial crisis has affected the banks with reference to the banks' internationalization patterns. The empirical study is based on archival data on the studied banks' foreign operations. The results show that the banks' behaviour follows 'Tit for tat'-behaviour but that the internationalization has accelerated after the deregulation, hence being carried out with 'big steps' rather than small steps. The analysis also shows that the mimetic behaviour is complemented by other types of internationalization behaviours. The differences in bank internationalization also mean that the effect of a financial crisis varies depending on how the banks have internationalized.

Place, publisher, year, edition, pages
2014. Vol. 23, no 6, p. 1049-1063
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:mdh:diva-26723DOI: 10.1016/j.ibusrev.2014.06.014ISI: 000343391300003Scopus ID: 2-s2.0-84923226242OAI: oai:DiVA.org:mdh-26723DiVA, id: diva2:767022
Available from: 2014-11-28 Created: 2014-11-28 Last updated: 2020-08-27Bibliographically approved

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Ekman, PeterHadjikhani, Annoch IsaThilenius, Peter

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