Do Larger Brokearage Firms Enjoy Larger Economies of Scale and Scope?
- Title
- Do Larger Brokearage Firms Enjoy Larger Economies of Scale and Scope?
- Author
- 강형구
- Keywords
- Brokerage firm; Economies of scale; Economies of scope; Cost function
- Issue Date
- 2014-09
- Publisher
- 서울대학교경제연구소 2014년
- Citation
- Seoul Journal of Economics 2014, vol.27, no.4, pp. 445-467 (23 pages)
- Abstract
- This study examined whether firm size determines the economiesof scale and scope of securities firms. Results showed that the firmsbroadly achieved economies of scale and substantially benefitted fromthe economies of scope in the Korean brokerage sector. In particular,greater economies of scale were present in large firms. Overall, agreat possibility and necessity of industrial restructuring throughM&A among brokerage firms exist in the Korean brokerage sector.
- URI
- https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2530823http://hdl.handle.net/20.500.11754/52568
- ISSN
- 1225-0279
- Appears in Collections:
- GRADUATE SCHOOL OF BUSINESS[S](경영전문대학원) > ETC
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