decisions on competition and welfare. Our analysis shows that the incentives for vertical integration crucially depend on … discuss major industry trends and policy initiatives. -- Vertical Integration ; Horizontal Integration ; Competition ; Trading …

We study how risk management through hedging impacts firms and competition among firms in the life insurance industry … hedging. Post reform impacted firms have lower risk and fewer negative income shocks. Product market competition is also …

competition. The analysis is based on a model of market entry and shows that to prevent entry incumbent firms engage in risk … nature of competition in industries …

The paper tests the effect of competition on bank risk-taking for a sample of up to 800 banks worldwide over the period … 1995-2010. Following the theoretical literature on bank competition and risk more closely than previous empirical research …, we measure competition at the bank level and separate the effects of competition in deposit and loan markets. We also …

of risk management failures to be the trifecta of (1) “boom” markets, (2) time-based competition, and (3) firms in which …

This study reinvestigates the theoretical relationship between competition in banking and banks' exposure to risk of … failure. There is a large existing literature that concludes that when banks are confronted with increased competition, they … regulators and central bankers, causing them to take a less favorable view of competition and encouraging anti …