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 …

portfolio production that was estimated for a sample of highest-level U.S. bank holding companies in Hughes, Lang, Mester, and … experience clear gains in their financial performance, but society also benefits from the enhanced bank safety that follows from …

method, and a number of bank, market, and regulatory characteristics. We review the existing literature and provide new …

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 …

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 …

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 …

We provide evidence on the costs and profitability of relationship lending by banks. We derive bank-specific measures … rates, and then estimate cost and profit functions to examine how smoothing affects bank costs and profits.<p> <p …-term contract between a bank and its borrower, while loan rate smoothing in response to an interest rate shock is. …