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diversification index to account for complexity, we find robust evidence consistent with mispricing among the most diversified large …
Persistent link: https://www.econbiz.de/10012839022
This study examines the influence of US banks' revenue diversification on their profitability, equity capital, and … credit risk, by size. By a simple decomposition of Return On Capital (ROC) I show how popular revenue diversification … techniques. I find substantial differences between size groups concerning the impact of revenue diversification measures on …
Persistent link: https://www.econbiz.de/10014089781
This study examines the infuence of US banks' revenue diversification on profitability, equity capital, and credit risk … by size. By a simple decomposition of Return On Capital (ROC) I show how popular revenue diversification measures affect … diversification measures on profitability, equity capital, and credit risk both in comparative statics and dynamically along the …
Persistent link: https://www.econbiz.de/10013403282
Persistent link: https://www.econbiz.de/10003847554
This paper empirically investigates banks' investment allocations over the recent business cycle. I identify unsolicited deposit shocks resulting from unconventional energy development and estimate bank allocations of these deposits. In the pre-recession period, banks lend 38 percent of...
Persistent link: https://www.econbiz.de/10010412134
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the small portion of revenues and needs the subsidy from other diversification. The institutional conflict of interests …
Persistent link: https://www.econbiz.de/10011446915
A positive relationship between firm size and product diversification is a long-standing stylized fact. However, so far …
Persistent link: https://www.econbiz.de/10011509499