Quel futur pour l'industrie boursière ? Analyse d'un processus de transformation

The transformation of world?s main stock markets into enterprises acting in a competitive environment is in progress and its consequences are not all known. Three strategies are competing with each other: vertical integration of exchange and CSD; horizontal growth of the market share to an oligopoly overcame by large globalized exchanges; vertical control of exchange by large financial institutions. The aim of this paper is to set analysis foundations of financial strategies. It suggests an analysis of sustainability of the previous evolutions and sketches a prospective for the stock market industry. JEL codes: D43, G20, L11, L12, L13, L25, L41, L42, L43

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Year of publication:	2009
Authors:	Lemettre, Jean-François
Published in:	Innovations. - De Boeck Université. - Vol. n° 30.2009, 2, p. 157-188
Publisher:	De Boeck Université
Subject:	stock market \| financial markets \| strategic management \| competition \| industrial organization

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Extent:	application/pdf text/html
Type of publication:	Article
Classification:	D43 - Oligopoly and Other Forms of Market Imperfection ; G20 - Financial Institutions and Services. General ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; L12 - Monopoly; Monopolization Strategies ; L13 - Oligopoly and Other Imperfect Markets ; L25 - Firm Size and Performance ; L41 - Monopolization; Horizontal Anticompetitive Practices ; L42 - Vertical Restraints; Resale Price Maintenance; Quantity Discounts ; L43 - Legal Monopolies and Regulation or Deregulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008501865