products and services to informationally opaque customers, their ability to diversify credit and liquidity risk, and how they … 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 …

financial products and services to informationally opaque customers, their ability to diversify credit and liquidity risk, and … 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 …

cost minimization to a more general assumption of managerial utility maximization that can incorporate risk incentives into … Almost Ideal Demand System. In addition, we suggest a more general way of measuring efficiency that can incorporate a concern … between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature …

cost minimization to a more general assumption of managerial utility maximization that can incorporate risk incentives into … Almost Ideal Demand System. In addition, we suggest a more general way of measuring efficiency that can incorporate a concern … between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature …

cost minimization to a more general assumption of managerial utility maximization that can incorporate risk incentives into … Almost Ideal Demand System. In addition, we suggest a more general way of measuring efficiency that can incorporate a concern … between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature …

financial products and services to informationally opaque customers, their ability to diversify credit and liquidity risk, and … 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 …

increase with size. Based on a model that appropriately accounts for endogenous risk-taking and controls for any cost … systemic risk that large scale may impose on the financial system. However, if public policy considerations imply that society … them. Avoiding the restrictions could thereby push risk-taking outside of the more regulated financial sector without …

expected profit, the riskiness of profit, profit efficiency, market value, market-value efficiencies, and the risk of … insolvency. Our estimates of expected profit, profit risk, and profit efficiency are based on a structural model of leveraged … Moon (1996). Here, we also estimate two additional measures that gauge efficiency in terms of the market values of assets …

Over the past several years, substantial research effort has gone into measuring the efficiency of financial … measured efficiency. This paper examines several possible sources, including differences in efficiency concept, measurement …