Contestable Markets Theory, Competition, and the United States Commercial Banking Industry

Gebonden Engels 1996 9780815323907
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First published in 1996. The focus of this work is to investigate the changing nature of competition in the United States’ commercial banking industry from 1973-1988 by examining earnings from individual products. The industry underwent tremendous changes during this period.

Specificaties

ISBN13:9780815323907
Taal:Engels
Bindwijze:Gebonden
Aantal pagina's:252
Uitgever:Taylor & Francis Inc
Thema:
K Economie, Financiën, Bedrijf en Management

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Inhoudsopgave

List of Tables, List of Figures, Acknowledgments, Preface, CONTESTABLE MARKETS THEORY AND COMMERCIAL BANKING, Introduction, Application of Contestable Markets Theory to Commercial Banking, Discussion of Theory Assumptions for Individual Products, LITERATURE REVIEW, Aggregate Empirical Research in CMT Other Empirical Research in CMT, METHODOLOGY, Profitability Measurement, One Factor Model, Excess Market Value, Tobin's q Approximation, Compensating Deviation Measurement, Cash Flow Evaluation, Disaggregated FCA Data, RESULTS, Profitability Measurement Tests, One Factor Model, Excess Market Value, Tobin's q Approximation, V. IMPLICATIONS OF RESULTS, Summary of Results, Implications, Future Research, BIBLIOGRAPHY, INDEX

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          Contestable Markets Theory, Competition, and the United States Commercial Banking Industry