Reichert, Alan K.; Wall, Larry D.; Liang, Hsin-yu - 2008
(ROE)withlessriskduringour1994–2004sampleperiod.
Inpairwisecombinationswithoneotherindustry …,welookatasmallsampleofsubindustriesandfindthatbankingandgeneralmerchandise
retailingwouldhavebeenabeneficialcombinationduringthe1994–2004period.
Thisarticlebeginswithasummaryofthefindingsfromourearlierstudiesfocusingonthe
potential costs and …)alsoanalyzeaspecificcasestudyoftheportfoliobenefitsof
combiningbankingandcommerce,thatofWal-Martacquiringabank.Overthe1994–2004period,
themajorbenefitofasubstantial30 …