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

See all articles by Enzo Scannella

Enzo Scannella

University of Palermo - d/SEAS

Date Written: June 1, 2010

Abstract

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

Scannella, Enzo, 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) (June 1, 2010). Finanza Marketing e Produzione, Bocconi University, Milan, No. 2, pp. 40-79, June 2010. Available at SSRN: https://ssrn.com/abstract=1983906

Enzo Scannella (Contact Author)

University of Palermo - d/SEAS ( email )

Viale delle Scienze, edificio 13
Palermo, 90124
Italy
+3909123895305 (Phone)
+39091489346 (Fax)

HOME PAGE: http://www.enzoscannella.com

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