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-2003 period, we assess the effect of bank size on technical efficiency and its two components: pure technical and scale … inefficiency is mainly due to pure technical inefficiency for all size of banks except the largest banks for which we found high … equivalent in terms of overall technical efficiency for banks of all size classes except for those of the smallest size. However …
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capture patterns in returns on regional and global portfolios of stocks; (ii) size-effect models substantially outperform …
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We study the link between the profitability of momentum strategies and firm size, drawing on an extensive dataset … covering 14 stock markets across the globe. International momentum profitability is markedly higher in medium-size than in big …
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We show that in recent years global factor models have been catching up significantly with their local counterparts in terms of explanatory power (R2) for international stock returns. This catch-up is driven by a rise in global factor betas, not a rise in factor volatilities, suggesting that the...
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Banks are growing ever larger compared to their national economies. We show that increases in relative bank size …-specific and connected to government guarantees. Furthermore, as banks grow in relative size, tail risks are shifted to debtholders …
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and holding periods, despite few cases of winners’ return reversals. Our findings remain robust after controlling for size …
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