Does Organizational Heritage Matter in the Development of Offshore Markets? The Case of Australian Life Insurers

Dados Bibliográficos

ID9628852
AutoresMonica J Keneley (0000-0002-2569-4948, autor correspondente), Monica Keneley
Ano2013
Volume87
Fascículo2
Páginas255-277
Data de publicação2013-01-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Business History Review (JOURNAL)
Identificadores do periódicoISSN: 0007-6805 • E-ISSN: 2044-768X
EditoraCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0007680513000421
OpenAlexW2139620380
IdiomaEN
Citações recebidas3
Referências citadas22

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

Actuarial science · Business · Economics · Financial market · Globalization · International trade · Internationalization · Life insurance · Market economy · Scale (ratio · Finance · Insurance and Financial Risk Management · International Business and FDI · Law, logistics, and international trade