between the risk-incentives literature in banking that ignores the microeconomics of production and the production literature … that ignores the relationship between production decisions and risk. …We argue for a shift in the focus of modeling production from the traditional assumptions of profit maximization and …

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 …

efficiency-enhancing mechanisms that a hospital puts in place. Finally, the research looks into some of the factors that affects … efficiency …

financial intermediation and the supremacy of banks' efficiency. This study examines the concurrent effects of bank risk … risk-taking negatively affects the return. Cost-efficient banks are taking more credit risk; however, more efficiency gains …-taking (efficiency) behaviour of banks. Market competition enhances the risk and efficiency and reduces banks' interest spread. Finally …

economies using two production models. The standard risk-neutral model finds little evidence of scale economies. The model using … more general risk preferences and endogenous risk-taking finds large scale economies. We show that these economies are not …

The Great Recession focused attention on large financial institutions and systemic risk. We investigate whether large … economies or too-big-to-fail subsidies. Estimating scale economies is made more complex by risk-taking. Better diversification … resulting from larger scale generates scale economies but also incentives to take more risk. When this additional risk …

Efforts to control bank risk address the wrong problem in the wrong way. They presume that the financial crisis was … caused by CEOs who failed to supervise risk-taking employees. The responses focus on executive pay, believing that executives … will bring non-executives into line — using incentives to manage risk-taking — once their own pay is regulated. What they …

composition (equity vs. bail-in debt) is driven by the relative importance of two incentive problems: risk shifting (mitigated by … costs of risk-shifting relatively less important at the margin. …

second research study, I propose to fill a gap in the multinational banking literature with an empirical investigation of … advantage over banks that locate in the same city afterwards. The U.S. banking industry has experienced several changes since … banking products. One such test is the first-mover advantage. For the third research study, I test the first-mover advantage …