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Our research as well as that by other authors has found scale economies at all sizes of banks and the largest scale economies at the largest banks – that is, larger banks are able to provide products at lower average cost than smaller banks. While the earlier literature found that scale...
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international cost synergies, heightened competition, and improved bank performance resulting from the presence of FOBs justify … foreign bank expansion. This paper contrasts the production technologies and the cost characteristics of the FOBs and the … structure of the banks in the sample. These results are consistent with those of the relative efficiency of the FOBs and DOBs …
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