katarinalina@hotmail.

com

STRATEGIES AND EFFECTS OF ENTERING MULTINATIONAL BANKS IN
EMERGING MARKETS

:


.

,

.



.

,


.
,

.
: ,
,
: F23, G21

Summary: Multinational bank is the

one that owns and controls banking activities
in two or more countries. This paper
represents a brief systematization of
internationalization motives of multinational
banks, strategies to enter new markets and the
effects of their entry on banking sector of the
host country.
This paper shows that the following of
domestic clients and taking advantage of
business opportunities in the recipient market
are underlying motives for entry of foreign
banks. The most common forms of
organization to establish a physical presence
in the overseas are branches and subsidiary
units. Due to increasingly reassessing of the
effects of banking internationalization, in the
final part of the paper the attention is paid to
advantage and negative effects of the entry of
foreign banks into domestic banking sector.
For the purpose of comparison, an overview of
the results is provided, on motive's research,
strategies and effects of the entry of foreign
banks in the European transition economies.
Key words: foreign banks,
motives, internationalization effects
JEL classification: F23, G21

1.

,

.
.
.
19. ,
1960-, .
1990-
.

.
50%
(), 80% (Kari Liuhto,
Mart Sorg, i Janek Uiboupin 2006).
29 , 21
( 2011). ,

. ,
.
2.
?
. ,

. .
,
(Jordi Canals 1997).
. Market-seeking

. ,
, ,
(Hanneke Bol, Robert
Lensink, i Jakob de Haan 2002).

.
( )

(Chen Meng 2009; Sran Marinkovi, Isidora
Ljumovi, i Aleksandar ivkovi 2011 ).
, ,

. ,
: ,
.

. ,
. ,
,
2

 . , ,
(John
Dunning 1993).


. 1 .
: ,
. ,
.
1

: Alfred Slager, 2004.

,
. ,

. Tomislav Galac Evan Kraft (2001)

.
(Marinkovi, Ljumovi, i
ivkovi 2011) 10
1 (Janek Uiboupin 2005).

.
(David Tripe i Claire Matthews 2000, Dario
Focarelli i Alberto Pozzolo 2005).
2002. . , ,

2 (Evan Kraft 2003).
1

: , , , , , , ,
, .

3.

. ,
.
,
.
( ,
),
. ,
.

.
. ,

.
(Peter Rose i Sylvia Hudgins, 2005).

,
.
,
.
tradeoff ,
(Pazzolo 2008).

. ( )
1960- 1980-,
. ,
1990-. ,

(Focarelli i Pozzolo, 2005).

. ,
( )
. ,
,
3 (Sran Marinkovi, 2008).
, .
2002.
(NBH, 2012). , .
4 , ,
( )
.
4.

1990-,
.
3
.
4
.


.

,

. ,
.
:
.

.
.
. ,

.
. ,
,
.
.

.
.
know-how-, ,
, .
.

.
:
, ,
,
(John Bonin et al. 1998).

. ,
,
.
,
. ,
(Uiboupin 2005).
5 Stijn
Claessens, Asli Demirguc-Kunt i Harry Huizinga (1999).
, ,
.
, ,
.

. Uiboupin (2004) e e
,
, . ,
,
. Galac
Kraft (2001) 40
5

7900 80 1988. 1995.

 ,
Bonin et al. (1998) . ,

.
5.

.


.
,
.
,
.
(
) . ,

. ,
.

.

,
. ,
,
,
.
,
,
.

,
, ,
.


Bol, Hanneke, Robert Lensink, i Jakob de Haan. 2002. Do reforms in transition
economies affect foreign bank entry?.University of Groningen, Working Paper, 05.
Bonin, John, Kalman Mizsei, Istvan Szekely, i Paul Wachtel. 1998. Banking in Transition
Economies: Developing Market Oriented Banking Sectors in Easter Europe. Edward Elgar
Publishing.
Canals, Jordi. 1997. Universal Banking, Oxford University Press.
Centralna banka BiH. 2011. Bilten CB BiH, Sarajevo, br. 4.
Claessens, Stijn, Asli Demirguc-Kunt, i Harry Huizinga. 1999. How does foreign entry
affect domestic banking markets?. Policy research working papers, World Bank, novembar.
Dunning, John. 1993. The Theory of Transnational Corporations, Routledge.
Focarelli, Dario, i Alberto F. Pozzolo. 2005. Where Do Banks Expand Abroad? An
Empirical Analysis. The Journal of Business, 78(6): 2435-2463.
Galac, Tomislav, i Evan Kraft. 2001. ta znai ulazak stranih banaka u Hrvatsku?,
Hrvatska narodna banka, P 6.
Hrvatska narodna banka. 2012. Bilten o bankama br. 24.
http://www.hnb.hr/publikac/hpublikac.htm
Kraft, Evan. 2003. Strane banke u Hrvatskoj: iz druge perspektive, Hrvatska narodna
banka, I 12.
Liuhto, Karl, Mart Sorg, i Janek Uiboupin. 2006. Foreign banks entry and bank
performance in the CEE countries, Banks and Bank Systems, 1(3): 41-59.
Marinkovi, Sran. 2008. Organizacioni aspekti internacionalizacije i stabilnost
bankarskog sektora Srbije, Finansije, I-6.
Marinkovi, Sran, Isidora Ljumovi, i Aleksandar ivkovi. 2011. Strane direktne
investicije u bankarstvu Republike Srbije: Istraivanje motiva, Meunarodni problemi,
63(4): 505-535.
Meng, Chen. 2009. Multinational Banking in China: Theory and Practic. Edward Elgar
Publishing.
Pozzolo, Alberto F. 2008. Bank cross-border mergers and aquisitions (causes, consequences
and recent trends), MoFiR working paper, 9.
Rose, Peter, i Sylvia Hudgins. 2005. Bankarski menadment i finansijske usluge, Data status,
Beograd.
Slager, Alfred. 2004. Banking Across Borders. Erasmus Research Institute of Management.
Tripe, David, i Claire Matthews. 2000. The international expansion of Australian banks.
Rad prezentovan na konferenciji 13th Australasian Finance and Banking Conference, Sidnej,
Australija.
Janek, Uiboupin. 2004. Implications of foreign bank entry on Central and East European
banking market, Kroon&Economy, 1: 25-31
Uiboupin, Janek. 2005. Foreign banks in Central and Eastern European markets: their entry
and influence on the banking sector. Doktorska disertacija. Univerzitet Tartu.