Scientific and methodical approaches to determining the center-orientation of financial conglomerates with the factor and cluster analysis
Journal: Business Ethics and Leadership (BEL) (Vol.1, No. 1)Publication Date: 2017-04-01
Authors : Tetyana Vasilyeva Vadim Kozyriev;
Page : 5-15
Keywords : globalization; financial conglomerates; bancassurance; allfinanz; instability;
Abstract
Involving Ukraine in the globalization of the world economic and financial system makes the transfer of most of the positive and negative effects of the external world in Ukrainian conditions that will have consequences for the development of the domestic financial sector. It is important to note that the presence of foreign capital affects the stability of the banking system and the efficiency of its operations.
The process of entry of foreign banks on the domestic market of banking services is controversial. It is associated with the activation of financial conglomerates types of “bancassurance” and “allfinanz”, aimed at expanding its own branch network that stay in a constant search of new markets. In addition, the powerful financial conglomerates have their own competitive advantages and significant financial resources.
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