DEREGULATION, STRATEGIC CHOICE, RISK AND FINANCIAL PERFORMANCE

• 成果类型: Article
• 署名作者: REGER, RK; DUHAIME, IM; STIMPERT, JL
• 署名单位: University of Memphis; Michigan State University; Michigan State University's Broad College of Business
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.4250130303
• 发表日期: 1992
• 页码: 189-204
• 关键词: deregulation; STRATEGIC CHOICE; RISK; financial performance; Commercial banking

摘要

This study explores the effects of regulation and deregulation on strategic choice and performance in the U.S. banking industry. Drawing on literature from strategic management, industrial organization economics, and organization theory, we develop a framework which suggests that regulatory scope and regulatory incrementalism influence strategic choice and performance. A path analytic model is used to empirically examine these influences. The results suggest that deregulation has direct effects on firms' strategic choices and both direct and indirect effects on risk and return.