Doctoral Dissertation Research: Embeddedness, Relationships, and Geographies of Global Banking: Japanese City Banks in Global Syndicated Credit Markets

博士论文研究：全球银行业的嵌入性、关系和地理位置：全球银团信贷市场中的日本城市银行

• 批准号: 0101016
• 负责人: Eric Sheppard
• 金额: $ 0.64万
• 依托单位: University of Minnesota-Twin Cities
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2001
• 资助国家: 美国
• 起止时间: 2001-03-15 至 2002-08-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=0101016&HistoricalAwards=false
• 关键词: Doctoral; Dissertation; Research; Embeddedness; Relationships

Deregulation and globalization of financial markets and the introduction of new information technologies in the financial industry have had profound impacts on the banking industry. This doctoral dissertation research project will examine the extent to which these challenges are affecting the globalization of Japanese banks in syndicated credit markets. Specifically, the project will investigate whether Japanese banking is becoming more similar to European and U.S. banking in the face of similar global pressures or whether Japanese banks remain distinctive because of the Japanese political and economic context in which they are embedded as well as the competitive pressures from the existing banking structure, especially networks among non-Japanese global banks. The research will examine the globalization of Japanese banks as the outcome of changes in the Japanese financial markets, the existing structures of the global financial markets, and the networks strategies of Japanese banks embedded in the other two forces. Using the DealScan database, the student will compare the behaviors of six Japanese city banks and those of eight banks from U.S. and Europe with respect to the overall lending practices and performance and the geography of financial intermediation (the international networks of investors and borrowers in which they participate). The student will examine the domestic and the global context in which Japanese banks have evolved since the mid-1980s. Second, using the league tables in DealScan, the student will identify the major players and the country shares in the global syndicated credit markets. The student then will create Arranger-Participant matrices and Arranger-Borrower matrices of individual banks and statistically measure the extent to which the international networking behavior of Japanese banks differs from those of non-Japanese global banks.Geographers have not explored the possibility of quantitative and empirical research on the behavior of global financial institutions due to lack of geo-referenced data sources. Through the use of the DealScan database, this project will demonstrate elements of the geography of international portfolio lending by banks of different nationalities, an aspect of international investment that rarely is documented. The study will also illustrate the importance of geography in understanding financial networks by showing how the different status of financial institutions in various markets has been considered in network creation. As a Doctoral Dissertation Research Improvement award, this award also will provide support to enable a promising student to establish a strong independent research career.

金融市场的放松管制和全球化以及金融行业新信息技术的引入对银行业产生了深远的影响。本博士论文研究项目将考察这些挑战在多大程度上影响了银团信贷市场中日本银行的全球化。具体而言，该项目将调查日本银行业是否在面对类似的全球压力时变得与欧洲和美国银行业越来越相似，或者日本银行是否因其所处的日本政治和经济背景以及来自现有银行结构的竞争压力而保持独特，特别是在非日本全球银行之间的网络。本研究将考察日本银行的全球化作为日本金融市场变化的结果，全球金融市场的现有结构，以及日本银行嵌入其他两种力量的网络战略。使用DealScan数据库，学生将比较六家日本城市银行和八家美国和欧洲银行在整体贷款实践和表现方面的行为，以及金融中介的地理位置（他们参与的投资者和借款人的国际网络）。该学生将研究自20世纪80年代中期以来日本银行发展的国内和全球背景。其次，使用DealScan的排行榜，学生将确定全球银团信贷市场的主要参与者和国家份额。然后，学生将创建单个银行的安排-参与者矩阵和安排-借款人矩阵，并统计测量日本银行的国际网络行为与非日本全球银行的差异程度。由于缺乏地理参考数据源，地理学家尚未探索对全球金融机构行为进行定量和实证研究的可能性。通过使用DealScan数据库，该项目将展示不同国籍银行的国际组合贷款的地理要素，这是国际投资的一个很少被记录的方面。该研究还将通过展示在网络创建中如何考虑金融机构在不同市场中的不同地位来说明地理在理解金融网络中的重要性。作为博士论文研究改进奖，该奖项还将提供支持，使有前途的学生建立一个强大的独立研究生涯。