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Degree of Internationalization and Performance: An Analysis of Canadian Banks

Walid Hejazi and Eric Santor ()

Staff Working Papers from Bank of Canada

Abstract: The international business literature measures the link between the degree of internationalization (DOI) of a firm's activities and its performance. The results of this literature are mixed. The authors extend the analysis to Canadian bank-level data, but they also take into account the riskiness of each bank's foreign-asset exposure. The results establish a positive, but weak, relationship between DOI and performance--one that is dependent on each bank's risk profile. The authors discuss the policy implications of their analysis.

Keywords: Financial; institutions (search for similar items in EconPapers)
JEL-codes: F23 G21 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2005
New Economics Papers: this item is included in nep-fin and nep-fmk
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocawp:05-32

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