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Measuring agency costs and the value of investment opportunities of U.S. bank holding companies with stochastic frontier estimation

Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-geol - 2016

By eliminating the influence of statistical noise, stochastic frontier techniques permit the estimation of the best-practice value of a firmś investment opportunities and the magnitude of a firmś systematic failure to achieve its best-practice market value - a gauge of the magnitude of agency...

Persistent link: https://www.econbiz.de/10011490908

Are scale economies in banking elusive or illusive? : Evidence obtained by incorporating capital structure and risk-taking into models of bank production

Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-geol - 2000

Persistent link: https://www.econbiz.de/10001496021

Recovering risky technologies using the almost ideal demand system : an application to US banking

Hughes, Joseph P.; Lang, William W.; Mester, Loretta J.; … - 2000

Persistent link: https://www.econbiz.de/10001496042

Efficient risk-taking and regulatory covenant enforcement in a deregulated banking industry

DeYoung, Robert; Hughes, Joseph P.; Moon, Choon-geol - 2000

Persistent link: https://www.econbiz.de/10001496765

Recovering risky technologies using the almost ideal demand system : an application to US banking mutual funds

Hughes, Joseph P.; Lang, William W.; Mester, Loretta J.; … - 2000

Persistent link: https://www.econbiz.de/10001477847

Are all scale economies in banking elusive or illusive : evidence obtained by incorporating capital structure and risk taking into models of bank production

Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-geol - 2000

Persistent link: https://www.econbiz.de/10001477856

Do bankers sacrifice value to build empires? : Managerial incentives, industry consolidation, and financial performance

Hughes, Joseph P.; Lang, William W.; Mester, Loretta J.; … - 2002

Persistent link: https://www.econbiz.de/10001650528

Are scale economies in banking elusive or illusive? : evidence obtained by incorporating capital structure and risk-taking into models of bank production

Hughes, Joseph P.; Mester, Loretta J.; Moon, Choon-geol - 2000 - This draft: May 2000

, the paper bridges the gulf between (1) the banking literature that studies moral hazard effects of bank regulation without …

Persistent link: https://www.econbiz.de/10011576401

Efficient risk-taking and regulatory covenant enforcement in a deregulated banking industry

DeYoung, Robert; Hughes, Joseph P.; Moon, Choon-geol - 1999

Over the past two decades, a variety of deregulatory measures have increased competition in the U.S. commercial banking … incentives for banks to take additional risk, potentially threatening the safety of banking and payments system. Commercial bank …

Persistent link: https://www.econbiz.de/10011576562

Recovering risky technologies using the almost ideal demand system : an application to U.S. banking

Hughes, Joseph P.; Lang, William W.; Mester, Loretta J.; … - 2000 - This draft: September 2000

between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature …

Persistent link: https://www.econbiz.de/10011576770