#03-24
"Internationalization as a Rearrangement of Ownership of Firms and Parts of Firms: Grindlays Bank, 1828-2000"
Abstract: Grindlays Bank, a British overseas bank, has a particularly long and rich history of changes in ownership, acquisitions and divestitures. Consequently Grindlays provides a good example of the point that if one wishes to understand the internationalization process of the firm — the evolution of the geographical scope of operations — one must take into account the rearrangement of ownership of assets. Furthermore, not only does the focal firm engage in these activities, but it may itself be the object of such reshuffling of ownership.
Keywords: internationalization, geographical scope, international banking, Grindlays
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