Impacts of internationalization on strategies and business models of Lithuanian financial companies while implementing MiFID
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This research is to scrutinize the main impacts of the Markets in Financial Instruments Directive (MiFID) on business models and strategies of Lithuanian financial firms in the context of the internationalization of a company. Being the second article in a series relying on the results of a survey of the influence of the MiFID on business models and strategies of Lithuanian financial companies (2010), it backs the analysis presented in the first article, where modifications in the performance of financial companies were analysed on the basis of such criteria as the lifetime and the size of a company. It also completes our scheme of the influence of the MiFID on business strategies and models. Adding the third shred of internationalization to a mosaic of contributions from the MiFID to Lithuanian financial companies, such aspects as management of financial and human resources, circulation of information and knowledge, the volume and transparency of investments, attractiveness for foreign investors and the number of clients, transaction costs, the valued-added profit, establishment of new departments, smoothness of development business strategies abroad, cooperation with other organizations while implementing the directive and many others are elucidated.
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