Using a large sample of Italian banks over the period 2006-2009, this paper provides new evidence for the effect of the geographic distance between bank's headquarters and its branches; and furthermore for firm's characteristics, such as diversification strategies, risk exposure, ability to...

This Paper investigates the effects of competition on credit risk, overall bank risk and revenue diversification for the period 1998-2010 by employing 173 banks from selected ASEAN countries (Indonesia, Malaysia, Philippines, Thailand and Vietnam). We also examine the effects of financial crisis...

The paper aims at verifying if there still are advantages in diversification inside the Eurozone despite the economic and monetary unification process. The results show unambiguously that notwithstanding the high degree of correlation between the Eurozone stock markets, opportunities for...

This paper analyses the effects of the geographical and product diversification strategy on the performance of Italian banks in markets characterized by considerable instability. The econometric analysis, developed in the cross-section and time series dimension, considers a panel data set...

A vast deal of research presenting evidence on the benefits of international diversification has been published. The empirical studies came to rather diverse conclusions as the authors used different sampling data, analyzed different countries within a different time period. The purpose of this...

This paper studies the diversification and refocusing strategies of firms in the last three decades. The 1980s were characterized by a trend towards greater focus. This trend slackens in the 1990s to be replaced by a surge in the number of newly listed single-segment firms. From 2000 to 2007...

This paper examines global diversification benefits provided by developed property markets over 1992-2007. We employ a cointegration methodology, invariant to pair-wise correlational instability plaguing MPT approaches, to investigate regional and country property market diversification benefits...

This paper will disentangle the performance of international real estate into property type performance and region selection. This helps to create an international diversification strategy for direct real estate. We use constrained cross-section regression with dummy variables for regions and...

Macao's economic prosperity until recently had been dramatic thanks to astonishing expansion of the gaming and tourism sector. However, Macao's casino revenue growth came to a halt in the second half of 2008 due to the twin blow of a deteriorating global economy and Mainland China's imposition...

We study an asymmetric competition problem of two ridesourcing platforms, one of which adopts a concentration strategy (i.e., only provides transport services) while the other adopts a diversification strategy (i.e., provides both transport and other services). This is a real problem in the...