{"id":"W1987836729","doi":"10.5430/rwe.v1n1p28","title":"Consolidation and Business Strategies in the Securities Industry: How Securities Exchanges Create Value?","year":2010,"lang":"en","type":"article","venue":"Research in World Economy","topic":"Banking stability, regulation, efficiency","field":"Economics, Econometrics and Finance","cited_by":4,"is_retracted":false,"has_abstract":true,"ca_institutions":"","funders":"","keywords":"Consolidation (business); Business; Mergers and acquisitions; Revenue; Goodwill; Competition (biology); Market liquidity; Business model; Industrial organization; Finance; Commerce","routes":{"ca_aff":false,"ca_fund":false,"ca_venue":true,"about_ca":false,"invisible_to_affiliation_only":true},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"codex-gemma-dda1882f352a","candidate_categories":[],"consensus_categories":[],"category_scores_codex":[0.004470807,0.0001609955,0.0003081073,0.001165994,0.0002117148,0.000899292,0.0004059839,0.0001860756,0.0002595452],"category_scores_gemma":[0.0002610602,0.0001640937,0.00002933388,0.001158698,0.0007109024,0.0009585645,0.0001218571,0.001112313,0.00002134594],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.0001136572,"about_ca_system_score_gemma":0.00011283,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.001432483,"about_ca_topic_score_gemma":0.008829633,"domain_scores_codex":[0.998283,0.0001571225,0.0004431684,0.0004833823,0.00008100674,0.0005522935],"domain_scores_gemma":[0.9986541,0.0006136215,0.0001312075,0.0004490827,0.00009859775,0.00005339858],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"theoretical_or_conceptual","study_design_gemma":"observational","study_design_scores_codex":[0.000007502495,0.00006952255,0.1890304,0.0001285491,0.000005552736,0.000003336042,0.003015887,0.00007436833,0.000003792175,0.8067438,0.0002397089,0.0006775634],"study_design_scores_gemma":[0.0004168664,0.00002281934,0.510771,0.000058919,9.969917e-7,0.000005947317,0.003531107,0.001579182,0.00002546082,0.4406807,0.0426938,0.0002131513],"study_design_candidate":"theoretical_or_conceptual","study_design_consensus":null,"genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9144195,0.002099523,0.00001782089,0.007848164,0.0001531974,0.0005284871,0.00004010313,0.0000207854,0.0748724],"genre_scores_gemma":[0.9986838,0.000320266,0.0001150423,0.00006144474,0.000175222,0.0001880844,0.00001576091,0.00001806457,0.000422288],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.3660631,"threshold_uncertainty_score":0.8671893,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.07368696593146891,"score_gpt":0.3125719789559054,"score_spread":0.2388850130244365,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}