are regulated, including the need to obtain a charter to operate and explicit and implicit federal guarantees of bank … liabilities to reduce the probability of bank runs. These aspects of banking affect a bankś choice of risk vs. expected return …, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect the valuable charter from …

-sectional data on publicly traded, highest-level U.S. bank holding companies, we find empirical evidence of Marcus? proposition (1984 …

Great strides have been made in the theory of bank technology in terms of explaining banks' comparative advantage in … theories to analyze the particular environment of banking. In recent years, the empirical modeling of bank technology and the … measurement of bank performance have begun to incorporate these theoretical developments and yield interesting insights that …

banking. Using cross-sectional data on publicly traded, highest-level U.S. bank holding companies, we find empirical evidence …