BRIC banks' overseas expansion: the impact on banks' stock prices from opening overseas branches

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dc.contributor.advisor Dodds, J. C. (James Colin)
dc.coverage.spatial Developing countries
dc.coverage.spatial Brazil
dc.coverage.spatial Russia (Federation)
dc.coverage.spatial India
dc.coverage.spatial China
dc.creator Jiang, Ying
dc.date.accessioned 2012-09-29T18:11:31Z
dc.date.available 2012-09-29T18:11:31Z
dc.date.issued 2012
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/24699
dc.description 1 online resource (iv, 29 leaves)
dc.description Includes abstract and appendix.
dc.description Includes bibliographical references (leaves 24-26).
dc.description.abstract Emerging markets are experiencing fast economic development, the especially in Brazil, Russia, India and China, which are so called BRIC nations. BRIC banking industry is facing a difficult decision, whether they should expand their business to western countries or focus on domestic markets. This paper tests the impact of overseas-branch opening announcements on the daily stock price of BRIC banks. Forty-six events in the past 10 years are examined in the test. The event study is used to measure abnormal returns around the announcement dates. The test results showed generally negative returns for BRIC banks as they announced the opening of overseas branches, but Chinese banks did generate positive returns. For BRIC nations, expanding their banking industry to other emerging countries seems to be a better alternative, if the bank is at the beginning stage of internalization. en_CA
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dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title BRIC banks' overseas expansion: the impact on banks' stock prices from opening overseas branches en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Finance, Information Systems, & Management Science
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)
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