We analyze the impact of (alliance) network exposure on the speed and extent of adoption of the business model as being one explanatory factor for diffusion controlling for actor specific characteristics and embeddedness in the network. In order to explain how existing national regulation moderated this relationship and whether it succeeded in its risk-limiting mission by moderating global adoption patterns and risk-bearing behavior among financial institutions we estimate various history event analysis model i.e. standard Cox and extended frailty models. We find strong support for the role of network exposure rather than social learning, the impact of regulatory effort on patterns of adoption and the role of country clusters for diffusion in the financial sector.

alliances, banking, diffusion, exposure, networks, regulation, social learning
Portfolio Choice; Investment Decisions (jel G11), International Financial Markets (jel G15), Banks; Other Depository Institutions; Mortgages (jel G21), Government Policy and Regulation (jel G28), Business Administration and Business Economics; Marketing; Accounting (jel M), Production Management (jel M11), Innovation and Invention: Processes and Incentives (jel O31), Management of Technological Innovation and R&D (jel O32)
Erasmus Research Institute of Management
hdl.handle.net/1765/21681
ERIM Report Series Research in Management
ERIM report series research in management Erasmus Research Institute of Management
Erasmus Research Institute of Management

Cuntz, A.N, & Blind, K. (2010). Global Diffusion of the Non-Traditional Banking Model and Alliance Networks: Social Exposure, Learning and Moderating Regulatory Effort (No. ERS-2010-044-LIS). ERIM report series research in management Erasmus Research Institute of Management. Erasmus Research Institute of Management. Retrieved from http://hdl.handle.net/1765/21681