substitute channel, and the credit-enhancement channel plays an important role in bank loan sales …

. Consequently, bank loan sales are higher for firms that are actively traded in the CDS market. In addition, we find evidence that …

Conventional wisdom in banking argues that diversification tends to reduce bank risk and improve performance, but the … recent financial crisis suggests that aggressive diversification strategies may have resulted in increased risk taking and … diversification strategies and the risk-return tradeoff in banking. Our data set covers Russian banks during the 1999-2006 period and …