1st Edition
Contestable Markets Theory, Competition, and the United States Commercial Banking Industry
By Ross N. Dickens
Copyright 1996
256 Pages
by
Routledge
252 Pages
by
Routledge
256 Pages
by
Routledge
Also available as eBook on:
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.
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
Biography
Ross N. Dickens (Author)
