of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts …

models. We first show analytically how model specification impacts 'diversification benefits' for aggregated market and …

Should banks be diversified or focused? Does diversification indeed lead to enhanced performance and, therefore … banks? profitability (ROA) and their portfolio diversification across different industries, broader economic sectors and … performance benefits associated with diversification since each type of diversification tends to reduce the banks? returns …

Should banks be diversified or focused? Does diversification indeed lead to increased performance and therefore greater … between banks’ profitability and their portfolio diversification across different industries, broader economic sectors and … associated with diversification since each type of diversification tends to reduce the banks’ returns. Additionally, we find that …

diversification dominates the costs of free-riding and duplication of effort. The model predicts a greater use of multiple …

We study empirically the effect of focus (specialization) versus diversification on the return and the risk of banks …) focus and diversification using a unique data set that is able to identify individual bank loan exposures to different … expansion into newer or competitive industries. We find that industrial loan diversification reduces bank return while …

benefit of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts …

We study empirically the effect of focus (specialization) vs. diversification on the return and the risk of banks using …) focus and diversification using a unique data set that is able to identify individual bank loan exposures to different … expansion into newer or competitive industries. Our most important findings are that industrial loan diversification reduces …

benefit of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts …

benefit of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts …