Research on the Development Path of Mixed Operations in the Financial Industry (PhD Theses Series in Finance) (Volume 5)

Author: Zhang Yan
Publisher:
Publish Date: 2003-11-01
Features: Starting from the reality of financial system changes in Western countries, the author systematically studies and demonstrates the development paths of financial conglomerate operations in these countries, summarizes the developmental trajectory of conglomerate operations, and, based on the Chinese context, derives the development approach for financial conglomerate operations in China. Grounded in the theoretical frameworks of financial intermediary function and institutional change, the book integrates analytical methods from cutting-edge economics such as information economics, contract economics, industrial organization theory, and new institutional economics. It systematically studies and demonstrates the development paths of financial conglomerate operations in Western countries, proposes a basic explanatory framework for the formation and evolution of financial business models, and further explores the more generally applicable elements in the evolution of financial business models. Building on this foundation, combined with the Chinese context, it innovatively derives the development approach for financial conglomerate operations in China.