ENGLISH

Struggle and survival on Wall Street: the economics of competition among securities firms

By John O. Matthews

Book information

Publisher
Oxford University Press
Year
1994
ISBN
0195050630, 9780195050639, 9781429405485
LCC
HG4910 .M353 1994
Open Library ID
OL1392978M
Language
english
Format
DJVU
Filesize
2 MB (2442577 bytes)
Pages
286\286
Library
Kolxo3
DPI
300
Scanned
yes
Time added
2009-07-20 03:45:11

Description

U.S. securities firms are the most competitive in the world and are now facing challenges posed by the internationalization of securities markets. Struggle and Survival on Wall Street provides a comprehensive economic analysis of competition among securities firms. John Matthews analyzes the interaction of the industry's structure, conduct and performance. To meet the competition and the needs of their customers, he argues, firms develop new financial products, some of which become new lines of business. The most important decisions firms make concern the methods of entry into these lines of business. Those firms that successfully innovate and adapt their organizations are in the best position to deal with both domestic and international competition. The regulatory framework of the industry is vital to its growth and Matthews makes policy recommendations which urge regulators, particularly the Securities and Exchange Commission, to provide for a framework in which organizational change can take place.

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