Yu, Peiyi; Neus, Werner; Luu, Bac Van; Dodd, Sean - In: Studies in Economics and Finance 24 (2007) June, pp. 140-155
between market structure and profit (the so-called profit-structure relationship) in the German banking industry using the …' financial data, the authors are able to test simultaneously for three competing theories of the profit-structure relationship …. Findings – It is found that including portfolio risk significantly improves the fit of the estimated profit …