Castrén, Olli (contributor); … - 2006
banks. A possible reason behind this �nding is that larger EU banks
are more diversi�ed across business lines and …�ed across business lines and geographical regions which could
make them more sensitive to market wide developments. On the other …. Vennet, de Jonghe, and Baele (2004)
assess the e�ect of business cycle variables on bank stocks and conclude that
returns can …