The name is absent

98

acquisitions. If it is true, it might have diluted the number of acquisitions after the
Act (Radcliffe, 2005).

Another viewpoint is raised by Yeager (2007). He argued that “It is probably
too early to assess the long-term impacts of the financial modernization legislation
”, even though “early indications suggest that the legislation will have only modest
effects on the financial services industry”.

6.2 Future work

Based on the findings of this dissertation, the future research can focus on studying
more broadly about the change in the value of τ after the passage of the GLB Act. In
addition, we can collect more data to assess the long term effects of GLB, as Yeager
(2007) suggested.

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