메뉴 건너뛰기




Volumn 70, Issue 3, 2003, Pages 351-383

Boundaries of the firm: Evidence from the banking industry

Author keywords

Agency theory; Banking; Boundaries of the firm; Community banks; Decision authority; Economics of organizations; Interstate branching; Locational decisions; Ownership incentives; Riegle Neal Act

Indexed keywords


EID: 0242467599     PISSN: 0304405X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0304-405X(03)00170-3     Document Type: Article
Times cited : (125)

References (63)
  • 1
    • 0000430265 scopus 로고
    • The salesperson as outside agent or employee: A transaction cost analysis
    • Anderson E. The salesperson as outside agent or employee: a transaction cost analysis Marketing Science 4 1985 234-254
    • (1985) Marketing Science , vol.4 , pp. 234-254
    • Anderson, E.1
  • 2
    • 0000327209 scopus 로고
    • Integration of the sales force: An empirical examination
    • Anderson E. Schmittlein D. Integration of the sales force: an empirical examination Rand Journal of Economics 15 1984 385-395
    • (1984) Rand Journal of Economics , vol.15 , pp. 385-395
    • Anderson, E.1    Schmittlein, D.2
  • 3
    • 0004322844 scopus 로고    scopus 로고
    • Contractibility and asset ownership: On-board computers and governance in U.S. trucking
    • Unpublished working paper, NBER
    • Baker, G., Hubbard, T., 2000. Contractibility and asset ownership: on-board computers and governance in U.S. trucking. Unpublished working paper, NBER.
    • (2000)
    • Baker, G.1    Hubbard, T.2
  • 4
    • 84927457678 scopus 로고
    • The effects of different contractual arrangements: The case of retail gasoline markets
    • Barron J. Umbeck J. The effects of different contractual arrangements: the case of retail gasoline markets Journal of Law and Economics 27 1984 313-328
    • (1984) Journal of Law and Economics , vol.27 , pp. 313-328
    • Barron, J.1    Umbeck, J.2
  • 5
    • 0032382856 scopus 로고    scopus 로고
    • The efficiency cost of market power in the banking industry: A test of the 'quiet life' and related hypotheses
    • Berger A. Hannan T. The efficiency cost of market power in the banking industry: a test of the 'quiet life' and related hypotheses The Review of Economics and Statistics 80 1998 454-465
    • (1998) The Review of Economics and Statistics , vol.80 , pp. 454-465
    • Berger, A.1    Hannan, T.2
  • 8
    • 0001434672 scopus 로고    scopus 로고
    • The ability of banks to lend to informationally opaque small businesses
    • Berger A. Klapper L. Udell G. The ability of banks to lend to informationally opaque small businesses Journal of Banking and Finance 25 2001 2127-2167
    • (2001) Journal of Banking and Finance , vol.25 , pp. 2127-2167
    • Berger, A.1    Klapper, L.2    Udell, G.3
  • 9
    • 0001196730 scopus 로고
    • Accounting information and internal performance evaluation: Evidence from Texas banks
    • Blackwell D. Brickley J. Weisbach M. Accounting information and internal performance evaluation: evidence from Texas banks Journal of Accounting and Economics 17 1994 331-358
    • (1994) Journal of Accounting and Economics , vol.17 , pp. 331-358
    • Blackwell, D.1    Brickley, J.2    Weisbach, M.3
  • 10
    • 0033456807 scopus 로고    scopus 로고
    • Why do all flights leave at 8 am?: Competition departure-time differentiation in airline markets
    • Borenstein S. Netz J. Why do all flights leave at 8 am?: competition departure-time differentiation in airline markets International Journal of Industrial Organization 17 1999 611-640
    • (1999) International Journal of Industrial Organization , vol.17 , pp. 611-640
    • Borenstein, S.1    Netz, J.2
  • 11
    • 0038851416 scopus 로고    scopus 로고
    • Incentive conflicts and contractual restraints: Evidence from franchising
    • Brickley J. Incentive conflicts and contractual restraints: evidence from franchising Journal of Law and Economics 42 1999 745-774
    • (1999) Journal of Law and Economics , vol.42 , pp. 745-774
    • Brickley, J.1
  • 12
    • 0001149477 scopus 로고
    • The choice of organizational form: The case of franchising
    • Brickley J. Dark F. The choice of organizational form: the case of franchising Journal of Financial Economics 18 1987 401-420
    • (1987) Journal of Financial Economics , vol.18 , pp. 401-420
    • Brickley, J.1    Dark, F.2
  • 14
    • 0242596891 scopus 로고    scopus 로고
    • NationsBank branch sale illustrates trend of big players fleeing from small markets
    • American Banker
    • Cline, K., 1996. NationsBank branch sale illustrates trend of big players fleeing from small markets. American Banker.
    • (1996)
    • Cline, K.1
  • 15
    • 84979188687 scopus 로고
    • The nature of the firm
    • Coase R. The nature of the firm Economica 4 1937 386-405
    • (1937) Economica , vol.4 , pp. 386-405
    • Coase, R.1
  • 16
    • 0011704253 scopus 로고    scopus 로고
    • Cookie-cutter versus character: The micro structure of small business lending by large and small banks
    • L. Blanton, A. Williams, S.L.W. Rhine (Eds.), Federal Reserve Bank of Chicago
    • Cole, R., Goldberg, L., White, L., 1999. Cookie-cutter versus character: the micro structure of small business lending by large and small banks. In: L. Blanton, A. Williams, S.L.W. Rhine (Eds.), Business Access to Capital and Credit: A Federal Reserve System Research Conference, Federal Reserve Bank of Chicago. pp. 362-389.
    • (1999) Business Access to Capital and Credit: A Federal Reserve System Research Conference , pp. 362-389
    • Cole, R.1    Goldberg, L.2    White, L.3
  • 17
    • 84881883321 scopus 로고
    • Pretia ex machina? Prices and process in long-term contracts
    • Crocker K. Masten S. Pretia ex machina? Prices and process in long-term contracts Journal of Law and Economics 34 1991 69-100
    • (1991) Journal of Law and Economics , vol.34 , pp. 69-100
    • Crocker, K.1    Masten, S.2
  • 18
    • 0345459119 scopus 로고
    • The efficiency of incomplete contracts: An empirical analysis of air force engine procurement
    • Crocker K. Reynolds K. The efficiency of incomplete contracts: an empirical analysis of air force engine procurement The Rand Journal of Economics 24 1993 126-146
    • (1993) The Rand Journal of Economics , vol.24 , pp. 126-146
    • Crocker, K.1    Reynolds, K.2
  • 19
    • 21644479367 scopus 로고    scopus 로고
    • Vertical product differentiation and concentration in the supermarket industry
    • Unpublished working paper, University of Rochester. Rochester, NY
    • Ellickson, P., 1999. Vertical product differentiation and concentration in the supermarket industry. Unpublished working paper, University of Rochester. Rochester, NY.
    • (1999)
    • Ellickson, P.1
  • 20
    • 0031418604 scopus 로고    scopus 로고
    • Geographic concentration in U.S. manufacturing industries: A dartboard approach
    • Ellison G. Glaeser E. Geographic concentration in U.S. manufacturing industries: a dartboard approach Journal of Political Economy 105 1997 889-927
    • (1997) Journal of Political Economy , vol.105 , pp. 889-927
    • Ellison, G.1    Glaeser, E.2
  • 22
    • 0011704613 scopus 로고
    • The effects of affiliation with large holding companies on commercial bank lending to agriculture
    • Gilbert R. Belongia M. The effects of affiliation with large holding companies on commercial bank lending to agriculture American Journal of Agricultural Economics 70 1988 69-78
    • (1988) American Journal of Agricultural Economics , vol.70 , pp. 69-78
    • Gilbert, R.1    Belongia, M.2
  • 23
    • 84934181026 scopus 로고
    • Quantity and price adjustment in long-term contracts: A case study of petroleum coke
    • Goldberg V. Erickson J. Quantity and price adjustment in long-term contracts: a case study of petroleum coke Journal of Law and Economics 30 1987 369-398
    • (1987) Journal of Law and Economics , vol.30 , pp. 369-398
    • Goldberg, V.1    Erickson, J.2
  • 24
    • 84936194550 scopus 로고
    • The costs and benefits of ownership: A theory of lateral and vertical integration
    • Grossman S. Hart O. The costs and benefits of ownership: a theory of lateral and vertical integration Journal of Political Economy 94 1986 691-719
    • (1986) Journal of Political Economy , vol.94 , pp. 691-719
    • Grossman, S.1    Hart, O.2
  • 26
    • 84934453985 scopus 로고
    • Property rights and the nature of the firm
    • Hart O. Moore J. Property rights and the nature of the firm Journal of Political Economy 98 1990 1119-1158
    • (1990) Journal of Political Economy , vol.98 , pp. 1119-1158
    • Hart, O.1    Moore, J.2
  • 27
    • 0002430504 scopus 로고
    • Multitask principal-agent analysis: Incentive contracts, asset ownership, and job design
    • Holmström B. Milgrom P. Multitask principal-agent analysis: incentive contracts, asset ownership, and job design Journal of Law Economics and Organization 7 1991 24-52
    • (1991) Journal of Law Economics and Organization , vol.7 , pp. 24-52
    • Holmström, B.1    Milgrom, P.2
  • 29
    • 0002860654 scopus 로고
    • Stability and competition
    • Hotelling H. Stability and competition The Economic Journal 39 1929 41-57
    • (1929) The Economic Journal , vol.39 , pp. 41-57
    • Hotelling, H.1
  • 30
    • 0345947721 scopus 로고
    • Forward integration into distribution: An empirical test of transaction cost analysis
    • John G. Weitz B. Forward integration into distribution: an empirical test of transaction cost analysis Journal of Law, Economics and Organization 4 1988 337-355
    • (1988) Journal of Law, Economics and Organization , vol.4 , pp. 337-355
    • John, G.1    Weitz, B.2
  • 31
    • 67649103562 scopus 로고
    • Asset specificity and the structure of vertical relationships: Empirical evidence
    • Joskow P. Asset specificity and the structure of vertical relationships: empirical evidence Journal of Law, Economics and Organization 4 1988 95-117
    • (1988) Journal of Law, Economics and Organization , vol.4 , pp. 95-117
    • Joskow, P.1
  • 32
    • 84934562569 scopus 로고
    • The law and economics of franchise tying contracts
    • Klein B. Saft L. The law and economics of franchise tying contracts Journal of Law and Economics 28 1985 345-361
    • (1985) Journal of Law and Economics , vol.28 , pp. 345-361
    • Klein, B.1    Saft, L.2
  • 33
    • 0000827401 scopus 로고
    • Vertical integration, appropriable rents, and the competitive contracting process
    • Klein B. Crawford R. Alchian A. Vertical integration, appropriable rents, and the competitive contracting process Journal of Law and Economics 21 1978 297-326
    • (1978) Journal of Law and Economics , vol.21 , pp. 297-326
    • Klein, B.1    Crawford, R.2    Alchian, A.3
  • 34
    • 85076770617 scopus 로고
    • Agency theory and franchising: Some empirical results
    • LaFontaine F. Agency theory and franchising: some empirical results Rand Journal of Economics 23 1992 263-283
    • (1992) Rand Journal of Economics , vol.23 , pp. 263-283
    • LaFontaine, F.1
  • 36
    • 0242680719 scopus 로고
    • Interstate banking in rural markets: The evidence from the corn belt
    • Lawrence D. Klugman M. Interstate banking in rural markets: the evidence from the corn belt Journal of Banking & Finance 15 1991 1081-1090
    • (1991) Journal of Banking & Finance , vol.15 , pp. 1081-1090
    • Lawrence, D.1    Klugman, M.2
  • 38
    • 0001623826 scopus 로고
    • Franchising and risk management
    • Martin R. Franchising and risk management American Economic Review 78 1988 954-968
    • (1988) American Economic Review , vol.78 , pp. 954-968
    • Martin, R.1
  • 39
    • 84935565321 scopus 로고
    • The organization of production: Evidence from the aerospace industry
    • Masten S. The organization of production: evidence from the aerospace industry Journal of Law and Economics 27 1984 403-417
    • (1984) Journal of Law and Economics , vol.27 , pp. 403-417
    • Masten, S.1
  • 40
    • 4243932381 scopus 로고    scopus 로고
    • Competitive outcomes in product-differentiated oligopoly
    • Unpublished working paper. Kellogg School of Management, Northwestern University
    • Mazzeo, M., 2001. Competitive outcomes in product-differentiated oligopoly. Unpublished working paper. Kellogg School of Management, Northwestern University.
    • (2001)
    • Mazzeo, M.1
  • 41
    • 0242512154 scopus 로고    scopus 로고
    • Bank of America has inked deals to sell 63 rural branches
    • September 23
    • Mensheha, M., 1996. Bank of America has inked deals to sell 63 rural branches. San Antonio Business Journal, September 23, http://sanantonio.bizjournals.com/sanantonio/stories/1996/09/23/ story4.html
    • (1996) San Antonio Business Journal
    • Mensheha, M.1
  • 42
    • 84936016547 scopus 로고
    • Employment contracts, influence activities, and efficient organization
    • Milgrom P. Employment contracts, influence activities, and efficient organization Journal of Political Economy 96 1988 42-60
    • (1988) Journal of Political Economy , vol.96 , pp. 42-60
    • Milgrom, P.1
  • 43
    • 38249016305 scopus 로고
    • An empirical analysis of a firm's decision to franchise
    • Minkler A. An empirical analysis of a firm's decision to franchise Economics Letters 34 1990 77-82
    • (1990) Economics Letters , vol.34 , pp. 77-82
    • Minkler, A.1
  • 44
    • 0001202233 scopus 로고
    • Supplier switching costs and vertical integration in the automobile industry
    • Monteverde K. Teece D. Supplier switching costs and vertical integration in the automobile industry Bell Journal of Economics 13 1982 206-213
    • (1982) Bell Journal of Economics , vol.13 , pp. 206-213
    • Monteverde, K.1    Teece, D.2
  • 45
    • 84988141596 scopus 로고
    • Strategy and transaction costs: The organization of distribution in the carbonated soft drink industry
    • Muris T. Scheffman D. Spiller P. Strategy and transaction costs: the organization of distribution in the carbonated soft drink industry Journal of Economics & Management Strategy 1 1992 83-128
    • (1992) Journal of Economics & Management Strategy , vol.1 , pp. 83-128
    • Muris, T.1    Scheffman, D.2    Spiller, P.3
  • 47
    • 0036103060 scopus 로고    scopus 로고
    • Maximum or minimum differentiation? Locational patterns of retail outlets
    • Netz J. Taylor B. Maximum or minimum differentiation? Locational patterns of retail outlets Review of Economics and Statistics 84 1 2002 162-175
    • (2002) Review of Economics and Statistics , vol.84 , Issue.1 , pp. 162-175
    • Netz, J.1    Taylor, B.2
  • 48
    • 0000525213 scopus 로고
    • An empirical look at franchising as an organizational form
    • Norton S. An empirical look at franchising as an organizational form Journal of Business 61 1988 197-217
    • (1988) Journal of Business , vol.61 , pp. 197-217
    • Norton, S.1
  • 49
    • 0242473226 scopus 로고    scopus 로고
    • Branch sales creating a growth opportunity in Upstate New York
    • American Banker
    • O'Hara, T., 1997. Branch sales creating a growth opportunity in Upstate New York. American Banker.
    • (1997)
    • O'Hara, T.1
  • 50
    • 0012949171 scopus 로고    scopus 로고
    • Does distance still matter? The information revolution in small business lending
    • Petersen M. Rajan R. Does distance still matter? The information revolution in small business lending The Journal of Finance 57 6 2002 2533-2570
    • (2002) The Journal of Finance , vol.57 , Issue.6 , pp. 2533-2570
    • Petersen, M.1    Rajan, R.2
  • 51
    • 0001302955 scopus 로고    scopus 로고
    • Contracting in space: An application of spatial statistics to discrete-choice models
    • Pinske J. Slade M. Contracting in space: an application of spatial statistics to discrete-choice models Journal of Econometrics 85 1998 125-154
    • (1998) Journal of Econometrics , vol.85 , pp. 125-154
    • Pinske, J.1    Slade, M.2
  • 53
    • 0242389879 scopus 로고    scopus 로고
    • Hotelling in the air? Flight departures in Norway
    • Unpublished working paper. Norwegian School of Economics and Business Administration
    • Salvanes, K., Steen, F., Sorgard, L., 1997. Hotelling in the air? flight departures in Norway. Unpublished working paper. Norwegian School of Economics and Business Administration.
    • (1997)
    • Salvanes, K.1    Steen, F.2    Sorgard, L.3
  • 54
    • 34249759264 scopus 로고
    • Franchising vs. company ownership as a decision variable of the firm
    • Scott F. Franchising vs. company ownership as a decision variable of the firm Review of Industrial Organization 10 1995 69-81
    • (1995) Review of Industrial Organization , vol.10 , pp. 69-81
    • Scott, F.1
  • 55
    • 0011913836 scopus 로고
    • Contractual form, retail price, and asset characteristics
    • Shepard A. Contractual form, retail price, and asset characteristics Rand Journal of Economics 24 1993 58-77
    • (1993) Rand Journal of Economics , vol.24 , pp. 58-77
    • Shepard, A.1
  • 56
    • 0000054448 scopus 로고    scopus 로고
    • Multitask agency and contract choice: An empirical assessment
    • Slade M. Multitask agency and contract choice: an empirical assessment International Economic Review 37 1996 465-486
    • (1996) International Economic Review , vol.37 , pp. 465-486
    • Slade, M.1
  • 57
    • 0032371225 scopus 로고    scopus 로고
    • Strategic motives for vertical separation: Evidence from gasoline
    • Slade M. Strategic motives for vertical separation: evidence from gasoline Journal of Law, Economics, and Organization 14 1 1998 84-113
    • (1998) Journal of Law, Economics, and Organization , vol.14 , Issue.1 , pp. 84-113
    • Slade, M.1
  • 59
    • 21344441131 scopus 로고
    • Model entry and exit in a differentiated-product industry: The personal computer market
    • Stavins J. Model entry and exit in a differentiated-product industry: the personal computer market Review of Economics and Statistics 77 1995 571-584
    • (1995) Review of Economics and Statistics , vol.77 , pp. 571-584
    • Stavins, J.1
  • 60
    • 24844462409 scopus 로고
    • The effect of interstate branching on national, state and local economies
    • U.S. House of Representatives, Hearing before the Subcommittee on Economic Stabilization, Committee on Banking, Finance, and Urban Affairs (May 15)
    • U.S. House of Representatives, 1991. The effect of interstate branching on national, state and local economies. Hearing before the Subcommittee on Economic Stabilization, Committee on Banking, Finance, and Urban Affairs (May 15).
    • (1991)
  • 61
    • 24844443223 scopus 로고
    • Interstate banking and branching
    • U.S. House of Representatives, Hearing before the Subcommittee on Financial Institutions Supervision, Regulation, and Deposit Insurance, Committee on Banking, Finance, and Urban Affairs (July 29)
    • U.S. House of Representatives, 1993. Interstate banking and branching. Hearing before the Subcommittee on Financial Institutions Supervision, Regulation, and Deposit Insurance, Committee on Banking, Finance, and Urban Affairs (July 29).
    • (1993)


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.