Jeon, Bang Nam; Wu, Ji; Chen, Limei; Chen, Minghua - 2022
consideration as a conduit. Using bank-level data from more than 1400 commercial banks in 39 emerging economies during 2000-2016, we … find that increased business diversification exerts two competing effects on bank risk, and overall reduces bank risk. The …-discount” argument — with its extended implications on bank risk. In addition, we also present evidence that the diversification-bank …