Consolidation and Efficiency in the Financial Sector: A Review of the International Evidence
- Tags:
- Asset Management,
- Mergers & Acquisitions,
- Investment,
- Financial Accounting,
- Financial,
- Finance,
- Federal Reserve Board,
- Consolidation,
- Business Operations,
- Operational Planning
- Source:
- The Federal Reserve Board
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Overview: This paper reviews the critical work that covers the main sectors of the financial industry (commercial and investment banks, insurance and asset management companies) in the major industrialized countries over the last twenty years, searching for common patterns that transcend national and sectoral peculiarities. But there is little evidence that mergers yield economies of scope or gains in managerial efficiency.
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Format: PDF | Size: 2,493KB | Date: Jan 2003 | Pages: 52




