Switching Intentions Among Millennial Banking Customers to Fintech Lending

The purpose of this study is to analyze of switching intentions among millennial banking customers to the financing services of FinTech lending in Indonesia using the PPM framework. 245 primary data were collected by Likert 5 scale category which was subsequently conducted data analysis using the OLS method. The results showed that in the perspective of push effects, all factors have no significant effect on switching intentions or in other words the millennial banking customers have considered that credit/financing services in banking is quite good that it does not encourage them to switch. In the perspective of pull effects, ease of use and pricing benefit factors of FinTech lending have significant effect on switching intentions so that it attracts them to switch. Meanwhile, in the perspective of mooring effects, the factors of service products and reputation significantly affect switching intentions so as to impede them to switch. In addition, Islamic banking customers are known to have higher potential to switch to the financing services of FinTech lending. The results of this study provide useful information for the banking industry, FinTech lending and regulators to be able to develop strategies and effective policies amid the potential of customer switchin

Market entry strategies in the Turkish automotive industry

Initial and subsequent market entry mode choices of multinational enterprises (MNEs) depend on MNE managers’ perceptions of the potential to capture additional competitiveness by internalizing their unique firm-specific advantages (FSAs), also called ownership (O)-specific advantages, together with the host countries’ country-specific advantages (CSAs) also called location (L)-specific advantages (Dunning 1988; Hennart 2009; Rugman et al. 2012). During the last decade we observe a significant shift of automotive production in Europe from the West to the East, and Turkey has been one of the major beneficiaries of this change. In this paper we analyze the roots of Turkey’s evolving CSAs and try to understand their differing impacts on market entry strategies of MNEs in the automotive industry with the help of the diamond model (Porter 1990). We apply a longitudinal approach in our empirical study and focus on developments in the period between the years 2000 and 2010. We find out that Turkey’s national diamond has improved over the decade led by improving political leadership and stability, as well as institutional reforms and consequent economic stability following the banking crisis in 2001. We also find out that the country’s diamond has strengthened by the implementation of the customs union in 1996 and the beginning of membership negotiations with the European Union (EU) in 2005. Despite the fact that these developments have led to a fast growth of the automotive industry in Turkey, we notice that MNEs have responded differently in their market entry strategies, and these differences rely on the match of their strategic positions and market entry motives with CSAs. Based on our observations we make clear propositions that link market entry choices to generic strategies and market entry motives. We recommend further similar longitudinal research in different countries and industries to test our findings

The Importance of Leadership and Culture in Mergers

The purpose of this paper is to show how leadership and culture are critical factors in organizational change. The vehicle through which this point is proved is by analyzing the organizational change processes of mergers, as mergers involve leadership and culture. Successful mergers are very rare, and it is hypothesized that not enough attention is paid to leadership and culture during mergers. This paper analyzes many of the factors that related to leadership and culture, such as transparency, trust, communication, and vision. Not only does this paper analyze these topics, but it also examines and applies a successful change strategy, tailored for mergers

Federal Reserve Board: Merger Process Needs Guidelines for Community Reinvestment Issues

A letter report issued by the General Accounting Office with an abstract that begins "Pursuant to a congressional request, GAO reviewed large bank holding company mergers and the impact of such mergers on low- and moderate-income (LMI) areas, focusing on: (1) the Federal Reserve Board's (FRB) legal responsibilities in assessing Bank Holding Company Act of 1956 (BHC) mergers for Community Reinvestment Act of 1977 (CRA) performance; (2) FRB's process for assessing the CRA performance of six large BHC merger applicants, including how FRB addressed the principal public concerns related to the CRA performance; and (3) the premerger and postmerger mortgage lending in LMI and minority communities for three large BHC mergers.