Do Larger Brokerage Firms Enjoy Larger Economies of Scale and Scope?

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...

Full description

Saved in:
Bibliographic Details
Published inSeoul journal of economics Vol. 27; no. 4; pp. 445 - 467
Main Authors Lee, Dong-Gull, Kim, Jabonn, Kang, Hyounggoo
Format Journal Article
LanguageEnglish
Published Seoul Institute of Economic Research 01.01.2014
경제연구소
Subjects
Economic growth
Economies of scale
Fees & charges
Financial institutions
Operating costs
Reorganization
Securities industry
Studies
Underwriting
Wealth management
경제학
South Korea
Online AccessGet full text

Cover

More Information
Summary: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.
Bibliography:G704-000366.2014.27.4.004
http://www.sje.ac.kr/modules/repec/backIssue_view.html?vol=27+%282014%29&num=4&p=1&no=566
ISSN:1225-0279