Chronopoulos, Dimitris; Girardone, Claudia; Nankervis, John - In: The European Journal of Finance 17 (2011) 8, pp. 603-621
Diversified banks should benefit from an efficient allocation of resources, debt coinsurance and scope economies. At the same time, critics of diversification question these advantages pointing to agency problems such as managerial entrenchment and empire building that could also lead to...