Diversification efficiency and deposit rates

Mark	 Jonathan Rhodes

doi:10.1080/09603100500187802

Diversification efficiency and deposit rates

Mark Jonathan Rhodes

Aberystwyth Business School

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

Abstract

There is an increased sophistication in the provision of financial services by UK financial mutuals. This article presents evidence of a more complex process of price setting by these firms. From a theoretical model of the determination of deposit rates, the rate setting behaviour of firms is estimated empirically. Controlling for different service provision and firm characteristics heterogeneous levels of deposit rates are found to be offered by different building societies. This is indicative of differing levels of efficiency achieved by these firms

Original language	English
Pages (from-to)	935-945
Number of pages	11
Journal	Applied Financial Economics
Volume	15
Issue number	13
DOIs	https://doi.org/10.1080/09603100500187802
Publication status	Published - 2005

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http://hdl.handle.net/2160/926

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Diversification efficiency and deposit rates

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