Li, Li; Zhang, Yu - In: Journal of Empirical Finance 24 (2013) C, pp. 151-165
level, the correlation coefficients of the growth rates of net interest income and noninterest income are mostly negative … interest income, and the marginal benefit of diversification decreases with the increase in noninterest income. At the bank … benefits of the increase in noninterest income. However, noninterest income has higher volatility and cyclicality than net …