TY - CHAP AB - Cross-border investment has been a large part of merger and acquisition activity in the Latin American banking sector. Spain and the United States have been the largest investors, participating in almost 70% of the total transaction value. After an explanation of the importance of foreign direct investment and implications for cross-border investment, this paper focuses on the largest investor in the region's banking sector and attempts to find an explanation for the increasing participation of Spanish banks. The paper alludes to a potential new reality: Latin America could be the geographical location where major contenders in banking will be engaged in battles for global dominance. VL - 7 SN - 978-1-84950-475-1, 978-0-7623-1392-1/1569-3767 DO - 10.1016/S1569-3767(06)07017-8 UR - https://doi.org/10.1016/S1569-3767(06)07017-8 AU - Arteaga-Ortiz Jesús AU - Arbeláez Harvey AU - Jeffus Wendy M. ED - J. Jay Choi ED - Reid W. Click PY - 2006 Y1 - 2006/01/01 TI - Cross-Border Investment in the Latin American Banking Sector T2 - Value Creation in Multinational Enterprise T3 - International Finance Review PB - Emerald Group Publishing Limited SP - 419 EP - 438 Y2 - 2024/05/13 ER -