Journal article
Technological Change in Large U.S. Commercial Banks
The Journal of business (Chicago, Ill.), Vol.64(3), pp.339-362
07/01/1991
DOI: 10.1086/296541
Abstract
This article examines technological change, its relationship to firm size, and its impact on the efficient scale of output and product mix for large U.S. commercial banks. The results suggest that technological change lowered real costs by about 1.0% per year, increased the cost-minimizing scale of outputs, and affected product mix. We do not find support for the Galbraith-Schumpeter hypothesis. This suggests that the largest banks cannot use innovation alone to outpace smaller banks. The major implications are that public policies allowing freer banking combinations do not necessarily run counter to the public interest.
Details
- Title: Subtitle
- Technological Change in Large U.S. Commercial Banks
- Creators
- William C. HunterStephen G. Timme
- Resource Type
- Journal article
- Publication Details
- The Journal of business (Chicago, Ill.), Vol.64(3), pp.339-362
- DOI
- 10.1086/296541
- ISSN
- 0021-9398
- eISSN
- 1537-5374
- Publisher
- University of Chicago Press; CHICAGO
- Number of pages
- 24
- Language
- English
- Date published
- 07/01/1991
- Academic Unit
- Finance
- Record Identifier
- 9984963235102771
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