This file is part of IDEAS , which uses RePEc data
[ Papers |
Articles |
Software |
Books |
Chapters |
Authors |
Institutions |
JEL Classification |
NEP reports |
Search |
New papers by email |
Author registration |
Rankings |
Volunteers |
FAQ |
Blog |
Help! ]
Conglomeration versus Strategic Focus: Evidence from the Insurance Industry Author info | Abstract | Publisher info | Download info | Related research | Statistics Berger, Allen N.
Cummins, J. David
Weiss, Mary A.
Zi, Hongmin
Additional information is available for the following
registered author(s):
No abstract is available for
this item.
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file . Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Article provided by Elsevier in its journal Journal of Financial Intermediation .
Volume (Year): 9 (2000)
Issue (Month): 4 (October)
Pages: 323-362
Download reference. The following formats are available: HTML ,
plain text ,
BibTeX ,
RIS (EndNote),
ReDIF
Handle: RePEc:eee:jfinin:v:9:y:2000:i:4:p:323-362Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622875
For technical questions regarding this item, or to correct its listing, contact: (Heidi Boesdal).
Keywords: Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Pulley, Lawrence B & Humphrey, David B, 1993.
"The Role of Fixed Costs and Cost Complementarities in Determining Scope Economies and the Cost of Narrow Banking Proposals ,"
Journal of Business ,
University of Chicago Press, vol. 66(3), pages 437-62, July.
[Downloadable!] (restricted)
Kellner, S & Mathewson, G Frank, 1983.
"Entry, Size Distribution, Scale, and Scope Economies in the Life Insurance Industry ,"
Journal of Business ,
University of Chicago Press, vol. 56(1), pages 25-44, January.
[Downloadable!] (restricted)
Lewellen, Wilbur G, 1971.
"A Pure Financial Rationale for the Conglomerate Merger ,"
Journal of Finance ,
American Finance Association, vol. 26(2), pages 521-37, May.
[Downloadable!] (restricted)
Meyer, Margaret A & Milgrom, Paul & Roberts, Donald John, 1992.
"Organizational Prospects, Influence Costs, and Ownership Changes ,"
CEPR Discussion Papers
665, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted)
Other versions:
Meyer, Margaret & Milgrom, Paul & Roberts, John, 1992.
"Organizational Prospects, Influence Costs, and Ownership Changes ,"
Journal of Economics & Management Strategy ,
Blackwell Publishing, vol. 1(1), pages 9-35, Spring.
Berger, Allen N. & Hanweck, Gerald A. & Humphrey, David B., 1987.
"Competitive viability in banking : Scale, scope, and product mix economies ,"
Journal of Monetary Economics ,
Elsevier, vol. 20(3), pages 501-520, December.
[Downloadable!] (restricted)
Other versions: Jensen, Michael C, 1986.
"Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers ,"
American Economic Review ,
American Economic Association, vol. 76(2), pages 323-29, May.
[Downloadable!] (restricted)
Pulley, Lawrence B & Braunstein, Yale M, 1992.
"A Composite Cost Function for Multiproduct Firms with an Application to Economies of Scope in Banking ,"
The Review of Economics and Statistics ,
MIT Press, vol. 74(2), pages 221-30, May.
[Downloadable!] (restricted)
Allen N. Berger & J. David Cummins & Mary A. Weiss, 1995.
"The coexistence of multiple distribution systems for financial services: the case of property-liability insurance ,"
Finance and Economics Discussion Series
95-22, Board of Governors of the Federal Reserve System (U.S.).
Other versions:
Allen N. Berger & J. David Cummins & Mary A. Weiss, 1995.
"The Coexistence of Multiple Distributions Systems for Financial Services: The Case of Property-Liability Insurance ,"
Center for Financial Institutions Working Papers
95-13, Wharton School Center for Financial Institutions, University of Pennsylvania.
[Downloadable!] Berger, Allen N & Cummins, J David & Weiss, Mary A, 1997.
"The Coexistence of Multiple Distribution Systems for Financial Services: The Case of Property-Liability Insurance ,"
Journal of Business ,
University of Chicago Press, vol. 70(4), pages 515-46, October.
[Downloadable!] (restricted) Charles W. Calomiris, 1998.
"Universal Banking "American-Style" ,"
Journal of Institutional and Theoretical Economics (JITE) ,
Mohr Siebeck, Tübingen, vol. 127(1), pages 44-, March.
J. David Cummins & Sharon Tennyson & Mary A. Weiss, 1998.
"Consolidation and efficiency in the U.S. life insurance industry ,"
Working Papers
98-18, Federal Reserve Bank of Philadelphia.
Other versions: Teece, David J., 1980.
"Economies of scope and the scope of the enterprise ,"
Journal of Economic Behavior & Organization ,
Elsevier, vol. 1(3), pages 223-247, September.
[Downloadable!] (restricted)
Ferrier, Gary D. & Grosskopf, Shawna & Hayes, Kathy J. & Yaisawarng, Suthathip, 1993.
"Economies of diversification in the banking industry : A frontier approach ,"
Journal of Monetary Economics ,
Elsevier, vol. 31(2), pages 229-249, April.
[Downloadable!] (restricted)
Hunter, William C & Timme, Stephen G & Yang, Won Keun, 1990.
"An Examination of Cost Subadditivity and Multiproduct Production in Large U.S. Banks ,"
Journal of Money, Credit and Banking ,
Blackwell Publishing, vol. 22(4), pages 504-25, November.
[Downloadable!] (restricted)
Berger, Allen N. & Hancock, Diana & Humphrey, David B., 1993.
"Bank efficiency derived from the profit function ,"
Journal of Banking & Finance ,
Elsevier, vol. 17(2-3), pages 317-347, April.
[Downloadable!] (restricted)
Gallo, John G. & Apilado, Vincent P. & Kolari, James W., 1996.
"Commercial bank mutual fund activities: Implications for bank risk and profitability ,"
Journal of Banking & Finance ,
Elsevier, vol. 20(10), pages 1775-1791, December.
[Downloadable!] (restricted)
Jeffrey A. Clark & Thomas F. Siems, 1997.
"Competitive viability in banking: looking beyond the balance sheet ,"
Financial Industry Studies Working Paper
97-5, Federal Reserve Bank of Dallas.
Roller, Lars-Hendrik, 1990.
"Proper Quadratic Cost Functions with an Application to the Bell System ,"
The Review of Economics and Statistics ,
MIT Press, vol. 72(2), pages 202-10, May.
[Downloadable!] (restricted)
Houston, Joel F. & Ryngaert, Michael D., 1994.
"The overall gains from large bank mergers ,"
Journal of Banking & Finance ,
Elsevier, vol. 18(6), pages 1155-1176, December.
[Downloadable!] (restricted)
Toivanen, Otto, 1997.
"Economies of scale and scope in the Finnish non-life insurance industry ,"
Journal of Banking & Finance ,
Elsevier, vol. 21(6), pages 759-779, June.
[Downloadable!] (restricted)
Andrew M. Yuengert, 1993.
"The measurement of efficiency in life insurance estimates of a mixed normal-gamma error model ,"
Research Paper
9308, Federal Reserve Bank of New York.
Noulas, Athanasios G & Ray, Subhash C & Miller, Stephen M, 1990.
"Returns to Scale and Input Substitution for Large U.S. Banks ,"
Journal of Money, Credit and Banking ,
Blackwell Publishing, vol. 22(1), pages 94-108, February.
[Downloadable!] (restricted)
Yuengert, Andrew M., 1993.
"The measurement of efficiency in life insurance: Estimates of a mixed normal-gamma error model ,"
Journal of Banking & Finance ,
Elsevier, vol. 17(2-3), pages 483-496, April.
[Downloadable!] (restricted)
Berger, Allen N. & Humphrey, David B., 1991.
"The dominance of inefficiencies over scale and product mix economies in banking ,"
Journal of Monetary Economics ,
Elsevier, vol. 28(1), pages 117-148, August.
[Downloadable!] (restricted)
Other versions: Mester, Loretta J, 1987.
" A Multiproduct Cost Study of Savings and Loans ,"
Journal of Finance ,
American Finance Association, vol. 42(2), pages 423-45, June.
[Downloadable!] (restricted)
Servaes, Henri, 1996.
" The Value of Diversification during the Conglomerate Merger Wave ,"
Journal of Finance ,
American Finance Association, vol. 51(4), pages 1201-25, September.
[Downloadable!] (restricted)
Allen Berger & Timothy Hannan, 1994.
"The Efficiency Cost of Market Power in the Banking Industry: A Test of the 'Quiet Life' and Related Hypotheses ,"
Center for Financial Institutions Working Papers
94-29, Wharton School Center for Financial Institutions, University of Pennsylvania.
Other versions: Robert H. Gertner & David S. Scharfstein & Jeremy C. Stein, 1994.
"Internal versus External Capital Markets ,"
NBER Working Papers
4776, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions: John, Kose & Ofek, Eli, 1995.
"Asset sales and increase in focus ,"
Journal of Financial Economics ,
Elsevier, vol. 37(1), pages 105-126, January.
[Downloadable!] (restricted)
Mester, Loretta J., 1993.
"Efficiency in the savings and loan industry ,"
Journal of Banking & Finance ,
Elsevier, vol. 17(2-3), pages 267-286, April.
[Downloadable!] (restricted)
Other versions: Comment, Robert & Jarrell, Gregg A., 1995.
"Corporate focus and stock returns ,"
Journal of Financial Economics ,
Elsevier, vol. 37(1), pages 67-87, January.
[Downloadable!] (restricted)
Berger, Allen N. & Humphrey, David B. & Pulley, Lawrence B., 1996.
"Do consumers pay for one-stop banking? Evidence from an alternative revenue function ,"
Journal of Banking & Finance ,
Elsevier, vol. 20(9), pages 1601-1621, November.
[Downloadable!] (restricted)
Yakov Amihud & Baruch Lev, 1981.
"Risk Reduction as a Managerial Motive for Conglomerate Mergers ,"
Bell Journal of Economics ,
The RAND Corporation, vol. 12(2), pages 605-617, Autumn.
[Downloadable!] (restricted)
Goldberg, Lawrence G. & Hanweck, Gerald A. & Keenan, Michael & Young, Allan, 1991.
"Economies of scale and scope in the securities industry ,"
Journal of Banking & Finance ,
Elsevier, vol. 15(1), pages 91-107, February.
[Downloadable!] (restricted)
Berger, Philip G. & Ofek, Eli, 1995.
"Diversification's effect on firm value ,"
Journal of Financial Economics ,
Elsevier, vol. 37(1), pages 39-65, January.
[Downloadable!] (restricted)
Lang, Larry H P & Stulz, Rene M, 1994.
"Tobin's q, Corporate Diversification, and Firm Performance ,"
Journal of Political Economy ,
University of Chicago Press, vol. 102(6), pages 1248-80, December.
[Downloadable!] (restricted)
Other versions: Kanatas, George & Qi, Jianping, 1998.
"Underwriting by Commercial Banks: Incentive Conflicts, Scope Economies, and Project Quality ,"
Journal of Money, Credit and Banking ,
Blackwell Publishing, vol. 30(1), pages 119-33, February.
Cummins, J. David & Tennyson, Sharon & Weiss, Mary A., 1999.
"Consolidation and efficiency in the US life insurance industry ,"
Journal of Banking & Finance ,
Elsevier, vol. 23(2-4), pages 325-357, February.
[Downloadable!] (restricted)
McKillop, Donal G. & Glass, J. Colin & Morikawa, Yukio, 1996.
"The composite cost function and efficiency in giant Japanese banks ,"
Journal of Banking & Finance ,
Elsevier, vol. 20(10), pages 1651-1671, December.
[Downloadable!] (restricted)
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
J. David Cummins & Georges Dionne & Robert Gagné & Abdelhakim Nouira, 2006.
"Efficiency of Insurance Firms with Endogenous Risk Management and Financial Intermediation Activities ,"
Cahiers de recherche
06-06, HEC Montréal, Institut d'économie appliquée.
[Downloadable!]
J. David Cummins & Georges Dionne & Robert Gagné & Abdelhakim Nouira, 2006.
"Efficiency of Insurance Firms with Endogenous Risk Management and Financial Intermediation Activities ,"
Cahiers de recherche
0616, CIRPEE.
[Downloadable!]
Philip E. Strahan & Amir Sufi, 2001.
"Expansion of bank powers: who gains the most? ,"
Proceedings ,
Federal Reserve Bank of Chicago, issue May, pages 682-698.
Dean Amel & Colleen Barnes & Fabio Panetta & Carmelo Salleo, 2002.
"Consolidation and efficiency in the financial sector: a review of the international evidence ,"
Finance and Economics Discussion Series
2002-47, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Santiago Carbó Valverde & Francisco Rodríguez Fernández, 2005.
"New evidence of scope economies among lending,deposit-taking, loan commitments and mutual fund activities ,"
ThE Papers
05/01, Department of Economic Theory and Economic History of the University of Granada..
[Downloadable!]
Other versions: Lucinda Trigo Gamarra, 2007.
"Single- versus Multi-Channel Distribution Strategies in the German Life Insurance Market: A Cost and Profit Efficiency Analysis ,"
Thuenen-Series of Applied Economic Theory
81, University of Rostock, Institute of Economics, Germany.
[Downloadable!]
Allen N. Berger, 2000.
"The integration of the financial services industry: where are the efficiencies? ,"
Finance and Economics Discussion Series
2000-36, Board of Governors of the Federal Reserve System (U.S.).
[Downloadable!]
Narjess Boubakri & Georges Dionne & Thouraya Triki, 2006.
"Consolidation and Value Creation in the Insurance Industry: the Role of Governance ,"
Cahiers de recherche
0626, CIRPEE.
[Downloadable!]
Access and
download statistics Did you know? The yearly budget of IDEAS is exactly $0: it relies entirely on volunteer work.
This page was last updated on 2008-6-19.
This information is provided to you by IDEAS at the Department of Economics , College of Liberal Arts and Sciences , University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics .