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The entry and exit decisions of foreign banks in Hong Kong

✍ Scribed by Man K. Leung; Trevor Young; Michael K. Fung

Publisher
John Wiley and Sons
Year
2008
Tongue
English
Weight
153 KB
Volume
29
Category
Article
ISSN
0143-6570

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✦ Synopsis

Abstract

This paper presents a theoretical framework for explaining the entry and exit decisions of a firm, motivated by the differential returns in its home and a host market. Within this framework, the factors underpinning the entry and exit decisions of foreign banks in Hong Kong are examined, using a duration (accelerated failure time) model. It can be seen that a foreign bank, with international experience from having more overseas markets will take a shorter (longer) time to enter (exit) the Hong Kong market. Faster (slower) growth both in home trade with Hong Kong and in the Hong Kong banking sector itself will increase the likelihood of entry (exit). Ceteris paribus, Asian banks enter at a faster rate and survive longer in the Hong Kong market. Copyright Β© 2008 John Wiley & Sons, Ltd.

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