کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
960604 | 929508 | 2007 | 34 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Conflicts of interest, information provision, and competition in the financial services industry
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موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
حسابداری
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چکیده انگلیسی
In some markets sellers have better information than buyers over which products best serve a buyer's needs. Depending on the market structure, this may lead to conflicts of interest in the provision of information by sellers. This paper studies this issue in the market for financial services. The analysis presents a new model of competition between banks, where price competition influences the ensuing incentives for truthful information revelation. We also compare conflicts of interest in two different firm structures, specialized banking and one-stop banking.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Financial Economics - Volume 85, Issue 2, August 2007, Pages 297–330
Journal: Journal of Financial Economics - Volume 85, Issue 2, August 2007, Pages 297–330
نویسندگان
Patrick Bolton, Xavier Freixas, Joel Shapiro,