Osborne, Dale K.; Lee, Seokwon - In: Journal of Business Finance & Accounting 28 (2001-09) 7&8, pp. 979-992
In cross sections of US banks before the deposit-insurance system was reformed in the early 1990s, bank risk-taking was positively associated with bank size and negatively associated with the value of bank charters and bank capital. These empirical associations have an easy theoretical...