The Loan Brokers Market in the Economics of Banking Firms: A Case of Vertical Value Chain Disintegration (Il Mercato Dei Loan Brokers Nell'Economia Delle Imprese Bancarie. Un Caso di De-Integrazione Verticale Della Catena Del Valore)
Finanza Marketing e Produzione, Bocconi University, Milan, No. 2, pp. 40-79, June 2010
Posted: 12 Jan 2012 Last revised: 15 Sep 2012
Date Written: June 1, 2010
This paper aims to investigate the drivers of the emerging loan broker market in the lending business value chain. Transaction cost economics, the dominant paradigm for understanding make or buy decisions, represents the starting point of my research. Capabilities based view of banking firms and modularity helps to understand the creation of intermediate markets.
Keywords: loan broker, value chain, vertical integration, loan origination, transaction costs, capabilities, modularity
JEL Classification: G01, G20, G21, M10, M15
Suggested Citation: Suggested Citation