Entry Mode Choice of Multinational Banks

When expanding abroad, a multinational bank faces a trade-off between accessing a foreign country via cross border lending or a financial foreign direct investment, i.e. greenfield or acquisition entry. We analyze the entry mode choice of multinational banks and explicitly derive the entry mode pattern in the banking industry. Moreover, we show that in less developed banking markets, a trend towards cross border lending and acquisition entry exists. Greenfield entry prevails in more developed markets. Furthermore, we identify a tendency towards acquisition entry in small and towards greenfield entry in larger host countries

On the Eigenspaces of Lamplighter Random Walks and Percolation Clusters on Graphs

We show that the Plancherel measure of the lamplighter random walk on a graph coincides with the expected spectral measure of the absorbing random walk on the Bernoulli percolation clusters. In the subcritical regime the spectrum is pure point and we construct a complete orthonormal basis of finitely supported eigenfunctions.Comment: notational improvements and minor corrections, 6 pages; complement to arXiv:0712.313

Trinitarian Thought in the Early Modern Era

This article explores Catholic and Protestant Trinitarian theology from 1550 to 1770. It discusses various issues, from the mystical visions of Ignatius of Loyola to the Augustinian approach of Jonathan Edwards. It considers the growing variety of eclectic views and the influence of anti-Trinitarian thinkers, beginning with Michael Servetus and Faustus Socinus. It also highlights the rise of confessionalism and anti-Trinitarianism and the explosion of mystical theology during this period