Purpose: The purpose of this paper is to explore new banks ' market niche position choices at the time of founding. Design/methodology/approach: The authors used data on the establishment of new banking organizations in California, over 1979-1988, to test the hypotheses. During that time,...

This study examines the competitive dynamics between foreign and local firms. We posit that multinational enterprises(MNEs)’s entry in foreign markets significantly reduces the survival rate of local firms in the short term, but that this effect gradually diminishes over time. The proposed...