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Creating the Future with All Finance and Financial Conglomerates

  • Book
  • © 1998

Overview

Authors:
  1. Lutgart Berghe

    1. The Vlerick School of Management, University of Gent, Belgium

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    You can also search for this author in PubMed   Google Scholar

  2. Kurt Verweire

    1. Erasmus University Rotterdam, The Netherlands

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xii
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  2. The Academic Search for an Understanding of All Finance and Financial Conglomerates: A Strategic and Economic Analysis Within the Financial Services Industry

    1. Front Matter

      Pages 1-1
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    2. The theoretical foundations

      1. Setting the Scenery
        • Lutgart van den Berghe, Kurt Verweire
        Pages 5-12
      2. From Bancassurance and Assurfinance Towards All Finance — The Concepts of Unbundling and Rebundling
        • Lutgart van den Berghe, Kurt Verweire
        Pages 13-34
      3. Looking for the Ratio Behind the Diversification Strategies
        • Lutgart van den Berghe, Kurt Verweire
        Pages 35-60
      4. The Financial Conglomerates Control Board
        • Lutgart van den Berghe, Kurt Verweire
        Pages 61-80

    3. Testing the Economic Value of All Finance and Financial Conglomerates

      1. Comparative Analysis of Diversification Strategies with the Help of the Financial Conglomerates Control Board
        • Lutgart van den Berghe, Kurt Verweire
        Pages 83-99
      2. Research into the Overall Effect of the Diversification Strategies in the Financial Services Industry
        • Lutgart van den Berghe, Kurt Verweire
        Pages 100-124

    4. Creating the future with all finance and financial conglomerates

      1. The Basic Concept of Creating the Future: What Strategic Concepts and Insights are Useful or Even Necessary?
        • Lutgart van den Berghe, Kurt Verweire
        Pages 127-137
      2. Case Studies of Stretch and Leverage
        • Lutgart van den Berghe, Kurt Verweire
        Pages 138-157

  3. Managing the Risks Involved

    1. Front Matter

      Pages 159-159
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    2. The Main Risks and Policy Considerations

      • Lutgart van den Berghe, Kurt Verweire
      Pages 161-174

    3. Towards a Proposal for a European Directive on Financial Conglomerates

      • Lutgart van den Berghe, Kurt Verweire
      Pages 175-193

  4. Synthesis and Conclusions

    1. Front Matter

      Pages 195-195
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    2. Synthesis and Conclusions

      • Lutgart van den Berghe, Kurt Verweire
      Pages 197-208

  5. Back Matter

    Pages 209-223
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Keywords

About this book

Creating the Future with All Finance and Financial Conglomerates comprises an academic search for an understanding of all finance and financial conglomerates. It presents a strategic and economic analysis of diversification strategies and the growing interface between different types of financial firms. On the basis of a solid analysis of theoretical foundations and practical value, the book develops basic concepts of creating the future: especially solutions in managing risks and fresh ideas for the development of integrated financial services.
The structure of the book is logical: starting on theoretical foundations (section 1, part A) and examining the economic value of All Finance and Financial Conglomerates (part B), leads to creating a concept for the future (part C). Case studies add additional practical value to this research. The review of the subject is completed by aspects of risk management in this sector and by political guidelines for the EU single market (section 2).
The book builds further on Professor Van den Berghe's first publication, entitled Financial Conglomerates - New Rules for New Players (published by Kluwer Academic Publishers in October 1995) and broadens the scope in the direction of strategic and managerial aspects. The following five aspects underline the innovativeness of the material:
  • The volume is not only focused on the diversification of banks via `bancassurance', but also analyses in depth the parallel developments in the insurance market, whereby insurers and insurance intermediaries launch themselves in the direction of `assurfinance';
  • The material analyses not only the cross-selling of each other's products and the blurring of the market boundaries, but also the diversification, collaboration, and integration on all other levels and functions;
  • New conceptual tools (the financial conglomerates control board) are developed to provide a more in-depth comparison of the many cases of this international trend;
  • The book goes far beyond the categorisation of the mode of diversification, by looking at all managerial aspects of such a growth strategy; and
  • The work looks at the economic and legal aspects involved as well as at the more strategic and managerial aspects.

This research has been made possible thanks to the financial support of The LEVOB Foundation.

Reviews

`...this is an interesting and informative book. It approaches this complex topic from an academic perspective rather than presenting a passionate viewpoint from someone inside either sector, and it suggests the F.C.C.B. as a helpful analytic tool. The book also contains some interesting observations about the financial services sector that many not always readily come to mind.'
The Journal of Risk and Insurance, March 2001

Authors and Affiliations

  • The Vlerick School of Management, University of Gent, Belgium

    Lutgart Berghe

  • Erasmus University Rotterdam, The Netherlands

    Kurt Verweire

Bibliographic Information

  • Book Title: Creating the Future with All Finance and Financial Conglomerates

  • Authors: Lutgart Berghe, Kurt Verweire

  • DOI: https://doi.org/10.1007/978-1-4757-4881-9

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media Dordrecht 1998

  • Hardcover ISBN: 978-0-7923-8183-9Published: 31 July 1998

  • Softcover ISBN: 978-1-4419-5043-7Published: 29 October 2010

  • eBook ISBN: 978-1-4757-4881-9Published: 09 March 2013

  • Edition Number: 1

  • Number of Pages: XII, 223

  • Topics: Actuarial Sciences, Finance, general

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