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Does organisational heritage matter in the development of offshore markets? the case of Australian life insurers
The globalization of financial markets over the past decade has focused the spotlight on the responsiveness of financial firms to international pressures. Insurance markets have traditionally relied on global networks not only to expand the insurers' sphere of influence but also to support domestic business. Until relatively recently, Australian insurance companies have not played a significant role in the development of international markets. However, in the last decade of the twentieth century Australian insurers ventured overseas on a scale without precedence. This article presents an historical perspective on the internationalization of the Australian life-insurance market with a view to understanding why these firms have been classified "late starters" in the internationalization stakes. In a broader capacity it provides insights into the impediments to overseas expansion and the forces encouraging or discouraging the development of cross border networks.
History
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Business history reviewVolume
87Issue
2Season
SummerPagination
255 - 277Publisher
Cambridge University PressLocation
Boston, Mass.Publisher DOI
ISSN
0007-6805eISSN
2044-768XLanguage
engPublication classification
C1 Refereed article in a scholarly journalCopyright notice
2013, Cambridge University PressUsage metrics
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