Facing the Invasion of the Banks’ Business by Mutual Funds and Managing the Process of Change

Dimitris N. Chorafas

Chapter 5 in The Commercial Banking Handbook, 1999, pp 101-126 from Palgrave Macmillan

Abstract: Abstract The railroads were the first means of transportation in history which did not depend on muscular power. After a difficult start in the 1830s, railroad companies became rich and powerful — so powerful and bigheaded that they did not bother to watch out for the new means of transportation based on internal combustion engines which eventually took away from them their most lucrative customers, the passengers, and a good deal of the freight.

Keywords: Cash Flow; Strategic Planning; Mutual Fund; Chief Executive Officer; Fund Management (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37908-4_5

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DOI: 10.1057/9780230379084_5

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