IDEAS home Printed from https://ideas.repec.org/a/taf/servic/v22y2002i2p129-148.html
   My bibliography  Save this article

Financial Institutions, the Theory of the Firm and Organisational Form

Author

Listed:
  • K. Amess

Abstract

This article considers the theory of the financial firm, organisational form, and conversion from the mutual to the joint stock organisational form. It draws upon the transaction cost and property rights literature to provide an account of the existence of financial firms. Historically, the mutual emerged in response to asymmetric information. Both the persistence of mutuals and their conversion to the joint stock organisational form are explained with reference to path dependency, which arises from investment in particular assets that 'lock-in' firms to a particular outcome. Conversion is also explained as a necessary process that mutuals go through in an attempt to exploit economies of scope (synergies).

Suggested Citation

  • K. Amess, 2002. "Financial Institutions, the Theory of the Firm and Organisational Form," The Service Industries Journal, Taylor & Francis Journals, vol. 22(2), pages 129-148.
    • Handle: RePEc:taf:servic:v:22:y:2002:i:2:p:129-148
    DOI: 10.1080/714005069
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/714005069
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/714005069?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ferri, Giovanni & Kalmi, Panu & Kerola, Eeva, 2014. "Does bank ownership affect lending behavior? Evidence from the Euro area," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 194-209.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:servic:v:22:y:2002:i:2:p:129-148. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FSIJ20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.