This article designs a framework for evaluating the causes, consequences, and future
implications of financial services industry consolidation, reviews the extant research …

This paper examines technological progress and its effects in the banking industry. Banks
are intensive users of both IT and financial technologies, and have a wealth of data …

This paper investigates the effects of focus versus diversification on bank performance using
data on Chinese banks during the 1996–2006 period. We construct a new measure …

MERGERS AND ACQUISITIONS among very large financial institutions are becoming more
frequent in markets around the world, attracting the attention of policymakers, researchers …

We provide evidence on the validity of the it conglomeration hypothesis versus the strategic
focus hypothesis for financial institutions using data on US insurance companies. We …

Cross‐border consolidation of financial institutions within Europe has been relatively limited,
possibly reflecting efficiency barriers to operating across borders, including distance; …

We examine the efficiency effects of the integration of the financial services industry and
suggest directions for future research. We also propose a relatively broad working definition …

Although many people believe that the payments area is a fairly minor business function
within the banking sector, an increasing share of banks' revenue comes from fee services …

Commercial banks in the financial service industry face a difficult choice: is it financially
better to specialize in pure lending or to offer a variety of financial products such as …

Conventional wisdom in banking argues that diversification tends to reduce bank risk and
improve performance, but the recent financial crisis suggests that aggressive diversification …