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| Identificativo | BergerDemsetzStrahan99, |
| Tipo di record |  |
| Autore/i | Berger A ; Demsetz R ; Strahan P |
| Anno | 1999 |
| Titolo | The Consolidation of the Financial Services Industry: Causes, Consequences, and Implications for the Future |
| art |
| Altre Informazioni | in Journal of Banking and Finance, vol. 23, pagg. 135-194. |
| Keywords separare key1:key2 | |
| Abstract | This article designs a framework for evaluating the causes, consequences, and future implications of financial services industry consolidation, reviews the extant research literature within the context of this framework (over 250 references), and suggests fruitful avenues for future research. The evidence is consistent with increases in market power from some types of consolidation; improvements in profit efficiency and diversification of risks, but little or no cost effciency improvement on average; relatively little effect on the availability of services to small customers; potential improvements in payments system effciency; and potential costs on the financial system from increases in
systemic risk or expansion of the financial safety net. |
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| Unità di ricerca interessata | Trento - Dipartimento di informatica e studi aziendali |
| Workpackage(s) interessato(i) | WP05-Confidi |
| Documento del gruppo di ricerca | |
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