Kurtulus Gemici
How 'global' are investment banks? An analysis of investment banking networks in Asian equity capital markets
Gemici, Kurtulus; Lai, Karen P.Y.
Abstract
This paper examines the distribution of power within financial networks of investment banks in equity capital markets of three key economies in Asia: Hong Kong, Japan and Singapore. Using social network analysis, it shows that while bulge-bracket banks occupy core positions in all three locations, their dominance is challenged by emerging Asian investment banks. The equity capital market networks of investment banks are strongly shaped by development trajectory and regional contexts of specific international financial centres, which reveals the differentiated nature of finance across Asia. Results also highlight the need for further research on networks within financial centres in addition to inter-city networks in order to understand the roles and development of international financial centres.
Citation
Gemici, K., & Lai, K. P. (2020). How 'global' are investment banks? An analysis of investment banking networks in Asian equity capital markets. Regional Studies, 54(2), 149-161. https://doi.org/10.1080/00343404.2019.1584393
Journal Article Type | Article |
---|---|
Acceptance Date | Feb 5, 2019 |
Online Publication Date | Mar 29, 2019 |
Publication Date | 2020 |
Deposit Date | Aug 31, 2019 |
Publicly Available Date | Sep 29, 2020 |
Journal | Regional Studies |
Print ISSN | 0034-3404 |
Electronic ISSN | 1360-0591 |
Publisher | Taylor and Francis Group |
Peer Reviewed | Peer Reviewed |
Volume | 54 |
Issue | 2 |
Pages | 149-161 |
DOI | https://doi.org/10.1080/00343404.2019.1584393 |
Public URL | https://durham-repository.worktribe.com/output/1294872 |
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Copyright Statement
This is an Accepted Manuscript of an article published by Taylor & Francis in Regional Studies on 29th March 2019, available online: http://www.tandfonline.com/10.1080/00343404.2019.1584393
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