Deregulation and Competition in the Financial Industry

Barron, David, West, Elizabeth and Hannan, Michael (1998) Deregulation and Competition in the Financial Industry. Industrial and Corporate Change, 7 (1). pp. 1-34.

Abstract

Deregulation has stimulated much economic and political interest. This paper develops a framework for understanding the effects of deregulation from an ecological perspective and reports empirical studies of financial institutions (banks, thrifts and mutual funds) at two levels of analysis: the system and the population. These both show that deregulation bad a dramatic impact on the level of competitive intensity within the financial industry. The main contributions of this paper are the application of a general sociological theory of organizational dynamics to understanding deregulation and the development of a general approach to modelling which could lead to new ways to evaluate the organizational consequences of major environmental changes.

Item Type: Article
Keywords: financial services; deregulation; organizational sociology
Subject(s): Organisational behaviour
Centre: Faculty of Organisational Behaviour
Date Deposited: 18 Nov 2011 10:24
Last Modified: 23 Oct 2015 14:06
URI: http://eureka.sbs.ox.ac.uk/id/eprint/1185

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