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Geographic Diversification and Banks’ Funding Costs

Levine, Ross - 2016

We assess the impact of the geographic expansion of bank assets on the cost of banks' interest-bearing liabilities … diversification that decreases funding costs. Using a newly developed identification strategy, we discover that the geographic … large risk diversification opportunities that reduce funding costs …

Persistent link: https://www.econbiz.de/10012456135

Tobin's Q, Corporate Diversification and Firm Performance

Lang, Larry H.P. - 1993

In this paper, we show that Tobin's q and firm diversification are negatively related. This negative relation holds for … different diversification measures and when we control for other known determinants of q. We show further that diversified firms … number of segment constant. Our evidence is consistent with the view that firms seek growth through diversification when they …

Persistent link: https://www.econbiz.de/10012474577

Business Groups in Canada : Their Rise and Fall, and Rise and Fall Again

Morck, Randall - 2015

Family-controlled pyramidal business groups were important in Canada early in the 20th century, amid rapid catch-up industrialization, but largely gave way to widely held free-standing firms by mid- century. In the 1970s and early 1980s - an era of high inflation, financial reversal,...

Persistent link: https://www.econbiz.de/10012456963

Corporate Acquisitions, Diversification, and the Firm's Lifecycle

Arikan, Asli M. - 2011

Lifecycle theories of mergers and diversification predict that firms make acquisitions and diversify when their …

Persistent link: https://www.econbiz.de/10012461196

Is There a Diversification Discount in Financial Conglomerates?

Laeven, Luc - 2005

influences their market valuations. We find that there is a diversification discount: The market …not sufficiently large to produce a diversification premium …

Persistent link: https://www.econbiz.de/10012467179

The Valuation Effects of Geographic Diversification : Evidence from U.S. Banks

Goetz, Martin - 2011

This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United … States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank …

Persistent link: https://www.econbiz.de/10012460997

Multinationals, Technology, and the Introduction of Varieties of Goods

Brambilla, Irene - 2006

I find that firms with more than 50 percent of foreign ownership introduce on average more than twice as many more new varieties of goods as private domestic firms. Advantages in productivity account for 32 to 62 percent of the difference in the number and sales of new varieties, while...

Persistent link: https://www.econbiz.de/10012466451

Did Inequality in Farm Sizes Lead to Suppression of Banking and Credit in the Late Nineteenth Century?

Jaremski, Matthew S. - 2017

This paper creates a new database that covers all banks in the United States in the census years between 1870 and 1900 to test the interaction between inequality and financial development when the banking system was starting over from scratch. A fixed-effects panel regression shows that the...

Persistent link: https://www.econbiz.de/10012455333

Does the Geographic Expansion of Bank Assets Reduce Risk?

Goetz, Martin - 2014

We develop a new identification strategy to evaluate the impact of the geographic expansion of bank holding company … (BHC) assets across U.S. metropolitan statistical areas (MSAs) on BHC risk. We find that the geographic expansion of bank ….e., MSAs with different industrial structures and business cycles. We do not find that geographic diversification improves loan …

Persistent link: https://www.econbiz.de/10012457908

Banks in Space

Oberfield, Ezra; Rossi-Hansberg, Esteban; Trachter, Nicholas - National Bureau of Economic Research - 2024

We study the spatial expansion of banks in response to banking deregulation in the 1980s and 90s. During this period, large banks expanded rapidly, mostly by adding new branches in new locations, while many small banks exited. We document that large banks sorted into the densest markets, but...

Persistent link: https://www.econbiz.de/10014512110

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