V. Conclusions
5.3 Extensions of further research
There are several suggested extensions of further researches as follows.
First of all, this paper only focuses on commercial banks in the five advanced economies. Further researches could extend into commercial banks in other countries.
What‟s more, this research emphasizes nothing more than the commercial banks whose SIC Code is 6020. Further researches could extend into other banking organizations, such as investment banks, savings institutions, credit institutions, mortgage bankers, etc., to discover the similarities and the differences in competitive advantage between commercial banks and other banking institutions. It is possible to draw a conclusion as a rule of great generality for the whole banking industry.
Secondly, we already find out that profit oriented cluster and default risk
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management reinforced cluster hold competitive advantage. Further researches could survey whether these two clusters continue to perform excellently as time goes by. In addition, further researches could inspect whether those banks demonstrating poor performance imitate these two clusters‟ business strategies and then follow their financial performance to see whether they are getting better or worse.
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