TAbLE 1 - uploaded by Rob Nicholls
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The Centre for International Finance and Regulation and UNSW Australia jointly funded this research under CIFR Project T20. The Centre for International Finance and Regulation is funded by the Commonwealth and NSW Governments and is supported by other Consortium members. The research question for this project was ‘What are the optimal competition l...
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Context 1
... second, macroprudential regulation, is associated with the financial system. Borio sets out the distinctions between micro prudential and macroprudential regulation and these are reproduced in Table 1 One of the issues raised by the global financial crisis is the extent to which the focus of regulators has been on microprudential regulation when a global crisis required a macroprudential view ( Galati and Moessner 2013). ...
Citations
... A higher level of competition forces banks to utilize resources and reduce instability of the financial sector. In contract, the policy of mergers and acquisitions create high level of concentration market lead in to less competition, while a highly concentrated market will lower deposits rate and higher loan rates, causing the market to not fully utilize their resources (Evans, Healey, Nehme, & Nicholls, 2015). The financial sector in many countries practices oligopolistic with less competition; the oligopolistic market structure is creating moral hazards and excessive risk taking. ...
Advertisements are considered as stimuli which consumers will respond to. Banks can develop emotionally appealing advertisements, but they are not guaranteed a positive emotional reaction. The unprecedented turbulence and uncertainty experienced in the banking industry has increased the need to appear more appealing to consumers.
Taking into consideration the global financial crisis, the current challenges of competition and open banking, and the looming threat of Brexit, this book explores how UK banks are pulling at consumers’ heart strings with appeals that are often filtered through personal ideologies, life experiences and previous exposure to brands. It investigates consumers’ perception of this strategy, as well as the wider implications of using emotional appeals in financial services advertising.
Based on empirical data and research, this books will prove invaluable to students, researchers and managers alike.
In recent decades, economic globalization has radically transformed the ways in which firms in all sectors organize themselves and operate in the global economy (Dunning 1993; Morgan et al. 2001; Dicken 2007). Since the 1980s in particular there has been a recognition within a range of social science disciplines — notably management and business studies, economic geography and organizational sociology — that firms have been subject to a wide set of transformations linked to the intertwined transnationalization, amongst other influences, of their organizational form, operations, working practices and markets (cf. Ashkensas et al. 1995; Bartlett & Ghoshal 2002; Galbraith 2000). Whilst earlier understandings of internationalization of firms thus focused on rather narrower concepts of the multinationalization through the setting up of productive facilities in multiple countries or the acquisition of existing national champions (Cohen et al. 1979; Held et al. 1999; Morgan 2001), the nature of the transnationalization of corporate activity has shifted in new and complex ways in the last 15 years that social scientists have struggled to keep up with (Jones 2009). This has resulted in widespread debate about the respective validity of (often) competing concepts of multinational, transnational or global corporations (Doremus et al. 1998; Dicken 2003; Jones 2005) and a growing recognition of the empirical and theoretical difficulty in effectively understanding the complexity of corporate forms and activities in the contemporary global economy.
Recent debates concerning transnational firms (TNCs) have been preoccupied with the question of whether, and to what extent, the world's largest companies are becoming 'global corporations'. This paper argues that this debate is epistemologically misguided and that the theoretical framework in use is unable to adequately capture the complex nature of connectivity and spatiality developing in and between firms. It argues that instead of a continued and increasingly fruitless debate around the nature of the relationship between firms and territorial spaces, empirical and theoretical enquiry needs to shift to issues of 'corporate globality'. The paper thus develops an alternative relational and nonscalar theoretical approach as it presents research into nature of corporate globalization within firms in two advanced business service sectors: investment banking and management consultancy. It uses this research as a basis to make arguments concerning how the role of large firms in the wider tendencies of economic globalization might be better theorized. Copyright 2005, Oxford University Press.
