1st Edition
Interest Rates and Asset Values A Case Study in Closed Markets
By Richard Thomas
Copyright 2026
160 Pages
4 B/W Illustrations
by
Routledge
In the complex world of corporate strategy and market dynamics, very few questions are as fundamental as understanding what drives the value of business assets. This book presents the first comprehensive empirical analysis of the causal relationship between interest rates and asset values in closed markets, using the unique example of the UK retail pharmacy sector, a market closed by regulation... Read more
1. Introduction 2. Classic Interest Rate and Monetarism Theory: An In-Depth Overview 3. Defining Vertical Integration and Its Forms 4. The Economic Drivers of Vertical Integration 5. Effects and Limitations of Vertical Integration 6. Vertical Disintegration: When Firms Separate 7. Vertical Control in Pharmaceutical Wholesaling 8. The UK Retail Pharmacy Market: A Different Kind of Closed System 9. The Data Evidence: Thirty-Two Years of Market Transactions 10. Interest Rates and Asset Values: Key Findings, Empirical Proof and ‘The Eureka Graphs’
Biography
Richard Thomas is a Professor at the Swiss School of Business Research, Zurich, Switzerland.
