Economic consequences of financial services industry consolidation

Abstract

This article provides new interpretations of some of the key findings of research on the economic consequences of financial services industry consolidation. These new interpretations are more plausible than the previously given interpretations. The article also presents some new results on the effects of mergers on the solvency probabilities of participating financial institutions.

Citation

Swamy, P.A.V.B. and Linton, T.J. (2001), "Economic consequences of financial services industry consolidation", Research in Finance (Research in Finance, Vol. 18), Emerald Group Publishing Limited, Leeds, pp. 47-82. https://doi.org/10.1016/S0196-3821(01)18002-0