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Cited by 1,477

The DOI matches its Crossref record; 11 of the 11 references it cites were found in a registry or an index.

The consolidation of the financial services industry: Causes, consequences, and implications for the future

Open access
Berger, Allen N, Demsetz, Rebecca S, Strahan, Philip E·1999·Journal of Banking & Finance
DOI 10.1016/s0378-4266(98)00125-3
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Abstract

This article designs a framework for evaluating the causes, consequences, and future implications of financial services industry consolidation, reviews the extant research literature within the context of this framework (over 250 references), and suggests fruitful avenues for future research. The evidence is consistent with increases in market power from some types of consolidation; improvements in profit efficiency and diversification of risks, but little or no cost efficiency improvement on average; relatively little effect on the availability of services to small customers; potential improvements in payments system efficiency; and potential costs on the financial system from increases in systemic risk or expansion of the financial safety net.

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Registry

Crossref · 10.1016/s0378-4266(98)00125-3

Cites

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Citations

Cites

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Metadata

Authors
Berger, A. N., Demsetz, R. S., & Strahan, P. E.
Venue
Journal of Banking & Finance
Publisher
Elsevier BV
Published
1999-02
Volume
23
Issue
2-4
Pages
135-194
ISSN
0378-4266 (ISSN-L)
DOI
10.1016/s0378-4266(98)00125-3
OpenAlex
W2133864799
Cited by
1,477
References
11
FWCI
122.36
Type
journal article
Language
en
Open access
hybrid

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CoChat. (2026). Citation check: The consolidation of the financial services industry: Causes, consequences, and implications for the future. https://app.cochat.ai/papers/10.1016/s0378-4266(98)00125-3
The paper
Berger, A. N., Demsetz, R. S., & Strahan, P. E. (1999). The consolidation of the financial services industry: Causes, consequences, and implications for the future. Journal of Banking & Finance. https://doi.org/10.1016/s0378-4266(98)00125-3

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.