This paper empirically examines the effect of bank’s revenue diversification across different activities on the stock … risk, idiosyncratic risk, and total risk). Furthermore, we find that the effects of bank’s revenue diversification on … a measure for revenue diversification of banks. These analyses confirm the positive effect of revenue diversification by …

measure for revenue diversification. These analyses indicate that revenue diversification positively affects bank market value … diversification affects bank value and risk differently depending on particular bank characteristics, such as organizational form and …This paper empirically examines the effect of banks' revenue diversification across different activities on the stock …