Australia's financial services inquiry. Against the view that attempts by firms to diversify can be expected to impact … negatively on financial performance, we find no evidence to suggest that diversification has been detrimental to the performance … of Australian banks. It appears, rather, that Australia's banks have improved their risk-return revenue streams as an …

prevailing "modal bank" are better off compared with those pursuing generic diversification. Moreover, we find that early …Using a novel database containing the time-series details of the organizational structure of individual bank holding …