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Multinational banking in Egypt: A case-study of the Ionian Bank, 1907–1939

Lookup NU author(s): Professor John Wilson, Dr Neveen AbdelrehimORCiD

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This work is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0).


Abstract

Using records left by the Ionian Bank and other British multinational banks, as well as building on the extensive insights provided by leading business historians, the article contributes to the debate about how historical analysis can illuminate the study of international business. We shall achieve this by firstly evaluating the reasons why Ionian moved to Egypt, applying Dunning’s ‘eclectic paradigm’ to the analysis of a highly complex economic and political environment. We shall then address the organisational challenges of managing a geographically dispersed operation, highlighting the principal-agent issues associated with geographically dispersed businesses. This will be followed by an analysis of Ionian’s performance, explaining how the changing environment affected management’s ability to generate a consistent level of profitability.


Publication metadata

Author(s): Beniamin A, Wilson J, Abdelrehim N

Publication type: Article

Publication status: Published

Journal: Business History

Year: 2024

Issue: ePub ahead of Print

Online publication date: 08/07/2024

Acceptance date: 24/06/2024

Date deposited: 16/07/2024

ISSN (print): 0007-6791

ISSN (electronic): 1743-7938

Publisher: Routledge

URL: https://doi.org/10.1080/00076791.2024.2373869

DOI: 10.1080/00076791.2024.2373869


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Funding

Funder referenceFunder name
International Business and Strategy Department at Henley Business School
the European Research Council (ERC) under the European Union’s Horizon 2020 research and innovation programme [grant agreement No 883758]

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