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 …

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 …

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 …

The unique capital structure of commercial banking - funding production with demandable debt that participates in the … liabilities to reduce the probability of bank runs. These aspects of banking affect a bankś choice of risk vs. expected return … higher levels of risk-taking. Studies of banking cost that ignore endogenous risk-taking find little evidence of scale …

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 …

business environment for such firms, risk-taking behaviors play a key role in their efficiency. In addition, the level of … capitalization has become a more critical tool to counterbalance risk and efficiency. Therefore, we aimed to assess the relationship … between efficiency, risk, and the level of capitalization in a sample of Turkish securities by covering the detailed data of …

trading frictions to motivate the issue of risk-spreading ‘bundled’ debt are more promising for money creation, although they … still cannot explain the the holding and valuation of money. Using the concept of team-production of Alchian and Demsetz and … purchasing power from a team-production contract can enhance output and consumption. This conclusion motivates an original …