@article{oai:yamagata.repo.nii.ac.jp:00001456, author = {山口, 昌樹}, journal = {山形大学大学院社会文化システム研究科紀要 = Bulletin of Graduate School of Social & Cultural Systems at Yamagata University}, month = {Oct}, note = {論文(Article), Abstract:This paper examines foreign banks' market entry motives into Vietnam and gives evidence showing whether the efficiency hypothesis or the market power hypothesis better explains strategic investments by foreign banks. The efficiency hypothesis suggests that efficient foreign banks target inefficient local banks to transfer their superior technologies and management practices. On the other hand, the market power hypothesis explains that foreign banks target large local banks irrespective of their degree of efficiency. The framework in this paper differs from previous studies because we compare financial data of local banks. Results indicate that the market power hypothesis better explains foreign banks? behavior. As empirical studies regarding foreign banks? entry-mode decisions are scarce, this paper presents original evidence regarding foreign banks? motives and strategies into local markets.}, pages = {1--13}, title = {What drives strategic foreign bank investments in Vietnam?}, volume = {8}, year = {2011} }