학술저널
Do Larger Brokerage Firms Enjoy Larger Economies of Scale and Scope?
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 27 No.4
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2014.12445 - 467 (22 pages)
- 7
This study examined whether firm size determines the economies of scale and scope of securities firms. Results showed that the firms broadly achieved economies of scale and substantially benefitted from the economies of scope in the Korean brokerage sector. In particular, greater economies of scale were present in large firms. Overall, a great possibility and necessity of industrial restructuring through M&A among brokerage firms exist in the Korean brokerage sector.
Abstract
Ⅰ. Introduction
Ⅱ. Previous Research and Model
Ⅲ. Estimation
Ⅳ. Conclusion
References
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