Information Network-Embedded Global Expansion:Theory and Empirical Evidence of Chinese Banks'Global Network Formation
Understanding the paths and inherent mechanisms of Chinese banks'overseas expansion is of great signifi-cance for the effective development of their global.Existing research lacks theoretical analysis of banks'overseas expansion from the perspective of information network embeddedness.Given the information-intensive nature of banks as service indus-tries,the role of information and its driving forces in the global spread of Chinese banks calls for more comprehensive investiga-tion.This paper has developed a comprehensive information network theory that integrates elements like information nodes,in-formation flow,aggregation,pools and wetlands.Additionally,it offers a theoretical exploration of the overseas expansion of Chi-nese banks,focusing on four key dimensions:path dependence,community concentration,financial center agglomeration and peer following.Utilizing data of Chinese banks'overseas branches from 1978 to 2022,the paper employs Chaney's(2014)trade network model to portray the characteristics of Chinese banks'global networks and examines their modes of expansion.The findings indicate that Chinese banks,when expanding overseas,show a preference for regions either geographically or economically proximate to their current branches,illustrating a path dependence phenomenon.Additionally,there's a notice-able inclination for these banks to cluster within economically interactive communities,highlighting a community concentration trend.Furthermore,the allure of financial centers,with their global market informational advantages,serves as a driving force for the expansion of Chinese banks.Moreover,the informational influence of peer networks is significant,leading Chinese banks to exhibit the characteristic of following their peers when expanding.These research findings enhance the comprehension of the information-driven mechanisms underpinning the overseas ex-pansion of Chinese banks,elucidate the formation of their global networks,and offer vital insights for advancing the coordinated development of Chinese banks'global network layouts.Moreover,these findings contribute to establishing a new,globally ori-ented competitive edge for Chinese banks and to the exploration of high-quality development within financial services.
Chinese BanksMultinational BanksOverseas ExpansionGlobal Business NetworkInformation-Based View
NETL
NSTL
万方数据
