This paper aims to analyze the mechanism that efficiency of banks and their branches are influenced by regional factors and spatial distribution of branches in the internet era. A theoretical hypothesis is put forward according to characteristics of securities industry in China that the performance of investment banks is influenced by spatial distribution of branches and internet. Based on a theoretical model, a series of comprehensive indicators are identified to integrate spatial information of all branches and the regional factors, and the competition in cities. The empirical study using cross-sectional data of Chinese investment banks from 2006 to 2008 shows that spatial variables, especially regional factors do matter to the performance of samples so far, while internet plays a positive role and the influence of different regional factors varies. It seems that the competition place is more important than competition structure in a city. And the smaller size of branch network is associated with higher performance. Finally, the policy meaning is discussed on aspects such as location strategy of banks to set up a new branch or adjust the spatial distribution of branches to gain better performance, and assessment of banking industrial power originated by spatial network, which is related to the choice of investors about investment of banks.
HUANG Jian-huan, WANG Liang-jian
. The impact of spatial distribution of internet branches, and its regional factors on the efficiency of investment banks[J]. GEOGRAPHICAL RESEARCH, 2011
, 30(11)
: 1983
-1996
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DOI: 10.11821/yj2011110005
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