Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-Geol - Department of Economics, Rutgers University-New Brunswick - 2000
cash flow into managers' ranking and choice of production plans. Estimated scale economies are found to depend critically …-minimizing path, banks are found to have large scale economies that increase with size. Moreover, better diversification is associated … with larger scale economies while increased risk-taking and inefficient risk-taking are associated with smaller scale …