The Integration of the Financial Services Industry
By Allen N. Berger. 2000
130 citations recorded by the source corpus.
Abstract We examine the efficiency effects of the integration of the financial services industry and suggest directions for future research. We also propose a relatively broad working definition of integration and employ U.S. and European data on financial services industry mergers and acquisitions (M&As) to illustrate several types of integration. The analysis suggests that there is a large potential for efficiency gain from integration, but only a relatively small part of this potential may be realized. Integration appears to bring about larger revenue efficiency gains than cost efficiency gains, and most of the gains appear to be linked to benefits from risk diversification.
Subfields: Economics and Econometrics, Finance, Management Science and Operations Research
View Paper: https://www.semanticscholar.org/paper/f3f8d3915e27cf19a649a616f3ec8affd4fd5539
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In Economics and Econometrics
In Finance
Citations in the corpus
- Consolidation and Efficiency in the Financial Sector: A Review of the International Evidence (2003, background): “92 See Berger (2000). in language, culture, and regulatory or supervisory structures, and explicit or implicit rules against foreign competitors.”