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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/27053
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| Title: | Strategies in Banking and Financial Services Firms: A Survey |
| Authors: | Walter, Ingo |
| Issue Date: | 1-Jan-2003 |
| Series/Report no.: | S-FI-03-23 |
| Abstract: | This survey paper reviews the basic parameters of strategic positioning
and execution in multi-functional financial services firms. We begin
with a model of financial intermediation between end-users of the
financial system as a way of locating specific financial intermediation
functions. Shifts in intermediation shares are superimposed on this
flow-of-funds profile, focusing on their implications for alternative
business models available to financial institutions. The next section of
the paper links the structural story to a normative strategic
positioning matrix, which combines standard structure-conduct
performance precepts with the potential realization of scale, scope,
x-efficiency, market-power, transaction- and information-cost
dimensions, as well as imbedded risk exposures and conflicts of
interest. The final section of the paper considers the value of natural
hedges incorporated into multifunctional business platforms against the
accompanying potential for a conglomerate discount in the share price. |
| URI: | http://hdl.handle.net/2451/27053 |
| Appears in Collections: | Financial Institutions
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