Stock trading is possible through full-service brokers, discount brokers, and direct purchase plans. Each broker and purchase plan sets trading fees. This study compares the trading fees of full-service brokers, discount brokers, and direct purchase plans to identify similarities and differences...

This paper tests the hypothesis that differences in the organizational form embodied in independent banks, one-bank holding companies, and multibank holding companies result in differences in operating cost efficiency. The transaction and agency cost paradigms for analysis of organizational...

This paper suggests a link between bank operating efficiency and federal supervisor. Since supervisory priorities can vary by the context in which the supervisor was conceived, resulting differences in supervisory policies and procedures may underlay differences in the operating efficiency of...