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Author:Boot, A. W. A.
Schmeits, A.
Title:Market discipline and incentive problems in conglomerate firms with application to banking
Journal:Journal of Financial Intermediation
2000 : JUL, VOL. 9:3, p. 240-273
Index terms:Conglomerate companies
Incentives
Banking
Language:eng
Abstract:The paper analyzes the optimality of conglomeration. It is shown that the potential benefits of conglomeration depend critically on the effectiveness of market discipline for stand-alone activities.
SCIMA record nr: 214421
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