Meslier, Céline; Morgan, Donald P.; Samolyk, Katherine; … - HAL - 2014
We estimate the benefits of intrastate and interstate geographic diversification for bank risk and return, and assess … across U.S. states. For small banks, only intrastate diversification is beneficial in terms of risk-adjusted returns but for … hump-shaped for both intrastate and interstate diversification indicating limits for banks of all size. Moreover, while our …