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Wednesday, March 19, 2008
Network Strategies and Performance of Canadian Investment Banks
Network Strategies and Performance of Canadian Investment Banks
ANDREW V. SHIPILOV
INSEAD
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Academy of Management Journal, Vol. 49, No. 3, pp. 590-604, 2006
Abstract:
What implications does a firm's specialization have for firm performance achieved by spanning structural holes between its partners? By analyzing networks within the Canadian investment banking industry, I find that, in networks rich in structural holes, both specialists and generalists outperform banks of moderate specialization levels, and that generalist banks, in turn, perform better than specialists.
Keywords: Networks, alliances, structural holes, investment banks, specialists, generalists
Accepted Paper Series
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Suggested Citation
Shipilov, Andrew V., "Network Strategies and Performance of Canadian Investment Banks" . Academy of Management Journal, Vol. 49, No. 3, pp. 590-604, 2006 Available at SSRN: http://ssrn.com/abstract=1017089
ANDREW V. SHIPILOV
INSEAD
--------------------------------------------------------------------------------
Academy of Management Journal, Vol. 49, No. 3, pp. 590-604, 2006
Abstract:
What implications does a firm's specialization have for firm performance achieved by spanning structural holes between its partners? By analyzing networks within the Canadian investment banking industry, I find that, in networks rich in structural holes, both specialists and generalists outperform banks of moderate specialization levels, and that generalist banks, in turn, perform better than specialists.
Keywords: Networks, alliances, structural holes, investment banks, specialists, generalists
Accepted Paper Series
--------------------------------------------------------------------------------
Suggested Citation
Shipilov, Andrew V., "Network Strategies and Performance of Canadian Investment Banks" . Academy of Management Journal, Vol. 49, No. 3, pp. 590-604, 2006 Available at SSRN: http://ssrn.com/abstract=1017089
Friday, February 8, 2008
Deutsche Bank - History
Under the Empire (1870-1918)
1870 Deutsche Bank is founded in Berlin
Its purpose: "to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets".
1870 Deutsche Bank is founded in Berlin - its purpose: "to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets".
1871/72 First branches in Bremen and Hamburg, followed by more branches in, for example, Frankfurt am Main, Munich, Leipzig and Dresden.
1873 Opening of the first European foreign branch in London.
from 1880 Deutsche Bank begins to supply industry with loans and capital market products. Foreign investments in North and South America, Eastern Asia, and Turkey.
from 1914 As a result of the acquisition of several regional banks Deutsche Bank establishes a branch network all over Germany.
1929 The biggest ever merger in German banking history creates the “Deutsche Bank und Disconto-Gesellschaft”.
from 1933 Jewish employees are forced to resign.
1937 The company name is changed back to “Deutsche Bank”.
1938 Deutsche Bank is involved in "Aryanisations".
1945 Closure of Deutsche Bank’s Berlin Head Office and of all branches in the Soviet-occupied zone.
1947/48 In the western zones of occupation, Deutsche Bank is decentralized into ten regional institutions.
1952 The so-called Big Banks Act allows the amalgamation of the ten successor institutions into three joint stock companies: Norddeutsche Bank AG, Rheinisch-Westfälische Bank AG and Süddeutsche Bank AG.
1957 Re-amalgamation of the three successor banks to form Deutsche Bank AG, a joint stock corporation with its registered office in Frankfurt am Main.
1959 Deutsche Bank enters retail banking by introducing small personal loans.
1970 Foundation of today’s Deutsche Bank Luxembourg S.A.; in the next ten years, the bank pushes ahead with the internationalization of its business; offices are opened at new locations such as Moscow, London, Tokyo, Paris and New York.
1986 Acquisition of Banca d´America e d´Italia; this is the first time the bank has acquired a sizeable branch network in another European country.
1989 Acquisition of Morgan Grenfell Group; with this step, Deutsche Bank strengthens its position in the international securities business and expands its presence on the important London capital market.
1990 Deutsche Bank starts operations in the new federal states with the foundation of Deutsche Bank-Kreditbank AG.
1999 Acquisition and integration of Bankers Trust in the U.S.A.
2001 The Deutsche Bank share is traded for the first time on the New York Stock Exchange.
2002 Purchase of the US asset manager Scudder Investments.
2003 Acquisition of the Swiss Private Bank Rued Blass & Cie.
2006 Complete acquisition of the Russian investment bank United Financial Group (UFG).
http://www.deutsche-bank.de/csr/en/history/index.html
Publications about Deutsche Bank
The Deutsche Bank 1870-1995
Lothar Gall, Gerald D. Feldman, Harold James, Carl-Ludwig Holtfrerich, Hans E. Büschgen, London: Weidenfeld & Nicolson, 1995, 947 pp.
ISBN 0-297-81606-3
Chronicle Deutsche Bank 1870-2002
Manfred Pohl, Angelika Raab-Rebentisch, Munich: Piper, 2002, 144 pp.,
Historical Association of Deutsche Bank
Munich: Piper, 2006, 320 pp., approx. 500 images,
ISBN 978-3-492-04580-3
'A Man for all Seasons?' - Hermann Josef Abs and the Third Reich
Lothar Gall, in: Financial History Review, Vol. 6, 1999, Part 2, pp. 147-200,
1870 Deutsche Bank is founded in Berlin
Its purpose: "to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets".
1870 Deutsche Bank is founded in Berlin - its purpose: "to transact banking business of all kinds, in particular to promote and facilitate trade relations between Germany, other European countries and overseas markets".
1871/72 First branches in Bremen and Hamburg, followed by more branches in, for example, Frankfurt am Main, Munich, Leipzig and Dresden.
1873 Opening of the first European foreign branch in London.
from 1880 Deutsche Bank begins to supply industry with loans and capital market products. Foreign investments in North and South America, Eastern Asia, and Turkey.
from 1914 As a result of the acquisition of several regional banks Deutsche Bank establishes a branch network all over Germany.
1929 The biggest ever merger in German banking history creates the “Deutsche Bank und Disconto-Gesellschaft”.
from 1933 Jewish employees are forced to resign.
1937 The company name is changed back to “Deutsche Bank”.
1938 Deutsche Bank is involved in "Aryanisations".
1945 Closure of Deutsche Bank’s Berlin Head Office and of all branches in the Soviet-occupied zone.
1947/48 In the western zones of occupation, Deutsche Bank is decentralized into ten regional institutions.
1952 The so-called Big Banks Act allows the amalgamation of the ten successor institutions into three joint stock companies: Norddeutsche Bank AG, Rheinisch-Westfälische Bank AG and Süddeutsche Bank AG.
1957 Re-amalgamation of the three successor banks to form Deutsche Bank AG, a joint stock corporation with its registered office in Frankfurt am Main.
1959 Deutsche Bank enters retail banking by introducing small personal loans.
1970 Foundation of today’s Deutsche Bank Luxembourg S.A.; in the next ten years, the bank pushes ahead with the internationalization of its business; offices are opened at new locations such as Moscow, London, Tokyo, Paris and New York.
1986 Acquisition of Banca d´America e d´Italia; this is the first time the bank has acquired a sizeable branch network in another European country.
1989 Acquisition of Morgan Grenfell Group; with this step, Deutsche Bank strengthens its position in the international securities business and expands its presence on the important London capital market.
1990 Deutsche Bank starts operations in the new federal states with the foundation of Deutsche Bank-Kreditbank AG.
1999 Acquisition and integration of Bankers Trust in the U.S.A.
2001 The Deutsche Bank share is traded for the first time on the New York Stock Exchange.
2002 Purchase of the US asset manager Scudder Investments.
2003 Acquisition of the Swiss Private Bank Rued Blass & Cie.
2006 Complete acquisition of the Russian investment bank United Financial Group (UFG).
http://www.deutsche-bank.de/csr/en/history/index.html
Publications about Deutsche Bank
The Deutsche Bank 1870-1995
Lothar Gall, Gerald D. Feldman, Harold James, Carl-Ludwig Holtfrerich, Hans E. Büschgen, London: Weidenfeld & Nicolson, 1995, 947 pp.
ISBN 0-297-81606-3
Chronicle Deutsche Bank 1870-2002
Manfred Pohl, Angelika Raab-Rebentisch, Munich: Piper, 2002, 144 pp.,
Historical Association of Deutsche Bank
Munich: Piper, 2006, 320 pp., approx. 500 images,
ISBN 978-3-492-04580-3
'A Man for all Seasons?' - Hermann Josef Abs and the Third Reich
Lothar Gall, in: Financial History Review, Vol. 6, 1999, Part 2, pp. 147-200,
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