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 …

While both size and complexity are important for the largest U.S. bank holding companies (BHCs), specific types of … complex has declined. Favorable tax treatment locations still attract a significant share of the foreign bank and nonbank …

International financial linkages, particularly through global bank flows, generate important questions about the …. Empirical tests of the trilemma support this view that global bank effects are heterogeneous and that the primary drivers of …

bank liabilities to reduce the probability of bank runs. These aspects of banking affect a bank's choice of risk versus … expected return, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect their valuable …-of-funds subsidy of mispriced deposit insurance. These are contrasting incentives tied to bank size. Measuring bank performance and its …

-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 …

Bank consolidation is a global phenomenon. It may enhance the value of firms in the industry if, for example, it is … bank holding companies in the U.S., we find strong evidence of managerial entrenchment that influences how asset … acquisitions and sales affect financial performance. We measure bank financial performance both by Tobin's q ratio and by its …