Do firm-bank relationships affect firms' internationalization?
Riccardo De Bonis (),
Giovanni Ferri and
Zeno Rotondi ()
Additional contact information
Zeno Rotondi: Unicredit Group
No 251, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area
The goal of this paper is to investigate the link between the length of a firm-bank relationship and firm's internationalization. The analysis is carried out on matched firm-bank micro-data from a survey of Italian enterprises from 1998 to 2003. We obtain two main results. First, a longer relationship with the main bank fosters firms' foreign direct investment (FDI) while it does not affect the export status of the enterprises not engaging in FDI. Second, the probability of a firm undertaking FDI further increases if its main bank is itself internationalized by holding foreign subsidiaries.
Keywords: internationalization; foreign direct investments; export; external finance; firm-bank relationships; bank internationalization mode (search for similar items in EconPapers)
JEL-codes: D21 F10 F21 F23 G21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cse, nep-ent, nep-int and nep-sbm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed
Downloads: (external link)
Journal Article: Do firm–bank relationships affect firms’ internationalization? (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_251_14
Access Statistics for this paper
More papers in Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area Contact information at EDIRC.
Bibliographic data for series maintained by ().