In the past fifteen years, cross-border mergers and acquisitions had an ever increasing role in the process of bank internationalization. Although a consensus view has developed on the determinants of a bank's decision to expand abroad and on the determinant of the patterns of expansion, the...

Are the drivers of domestic and cross-border M&As in the banking sector different? Despite the intense research on bank M&As in the last decade, the attention paid to this issue is surprisingly limited. We fill this gap studying the ex-ante determinants of national and international acquisitions...

Given the recent traumatic events in the world's banking industry it is important to understand what drives bankers to create larger and larger, often multinational, banking groups. In this paper we investigate whether the targets in cross-border bank M&As are materially different from those...

Multinational banks are a distinctive feature of today's globalized economy, with some institutions now operating in more than 100 countries. Despite the thorough analyses of bank internationalization over the last decades, the literature has failed to provide clear evidence that cross-border...

The theoretical literature has discussed different channels through which foreign direct investments (FDI) promote host country's economic growth, but empirical analyses have so far been inconclusive. In this paper we provide evidence that FDI have a positive and statistically significant growth...

The recent financial crisis has clearly shown that the relationship between bank internationalization and risk is complex. Previous scholars have argued that multinational banks benefit from portfolio diversification because it reduces their overall riskiness. However, researchers have radically...