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

Paperback Engels 2019 9781138863828
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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.

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ISBN13:9781138863828
Taal:Engels
Bindwijze:Paperback
Aantal pagina's:256
Uitgever:Taylor & Francis Ltd

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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