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

Jean-François Lemettre

Innovations, 2009, vol. n° 30, issue 2, 157-188

Abstract: 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

Keywords: stock market; financial markets; strategic management; competition; industrial organization (search for similar items in EconPapers)
JEL-codes: D43 G20 L11 L12 L13 L25 L41 L42 L43 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=INNO_030_0157 (application/pdf)
http://www.cairn.info/revue-innovations-2009-2-page-157.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:inndbu:inno_030_0157

Access Statistics for this article

More articles in Innovations from De Boeck Université
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().