This paper explores how to incorporate banks' capital structure and risk-taking into models of production. In doing so …, the paper bridges the gulf between (1) the banking literature that studies moral hazard effects of bank regulation without … considering the underlying microeconomics of production and (2) the literature that uses dual profit and cost functions to study …

distress costs interact with managerial incentives to influence capital structure in U.S. commercial banking. Using cross …

This article examines the efficiency of wind energy production. We quantify production losses in four wind parks across … Germany for 19 wind turbines with non-convex efficiency analysis. In a second stage regression, we adapt the linear regression …

different risk preferences and measure efficiency with a structural model based on utility maximization. Using the almost ideal … demand system, we estimate input and profit demand functions to obtain proxies for expected return and risk. Efficiency is … then measured in this risk-return space. Mean risk-return efficiency is somewhat higher than cost and considerably higher …

to consider the association of their size with systemic risk. An equally important question examines whether their size … advantages that improve the efficiency of their capital allocation and liquidity and enhance their international competitiveness …-related changes in risk-taking, which can obscure technological cost advantages, such as those due to better diversification. It …

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

analyze the dynamic relations between efficiency and performance in the German banking market. To this end we use panel data … that the long-run impact of profit efficiency on risk is larger than for cost efficiency. However, cost efficiency impacts …Efficiency is considered a key factor when evaluating a bank's performance. Moreover, efficiency enhancement is an …

agency goods and the production of market value (which, given their ownership stake, determines their wealth). The utility …

This paper examines the influence of environmental factors on technical, cost, scale and revenue efficiency of German … differentiates between declining and growing regions. Regional and demographic factors explain part of the variation in efficiency … levels. Population density and branch penetration positively affect efficiency in growing regions. A negative impact of …

these instruments in the banking in- dustry which is heavily exposed to credit risk. However, while recent literature mainly … of these instruments in the competition between banking firms. We use a duopolistic version of the industrial … organization approach to banking to find out that credit derivatives may influence banking competition. For this result to hold …