We examine the impact of the international diversification by banks on the value of their advice in 1,705 cross … announcement returns. A one standard deviation increase in advisor diversification is associated with a 92 basis points lower … effects of international diversification …

to improve bank solvency and risk-adjusted-performance. As diversification is seen as a necessary strategy to diversify …

This study examines the heterogeneity of foreign banks in the income diversification and performance nexus. We utilize … diversification improves banks performance, and the Global and Emerging banks perform better than the regional African and domestic … banks. Regarding how different foreign banks benefit from income diversification, we find that Global banks benefit from …