individual bank's productivities at collecting deposits and making loans. We relate these measures to bank market values and find … that variation in deposit productivity explains the majority of cross-sectional variation in bank value. We show that …

This paper uses a new measure of bank service output to estimate various specifications of production and cost … functions for Bank Holding Companies (BHCs) over the period 1986 to 1999. The new output series is a true flow measure of bank … service value added, and it follows from a unified model of bank operation that integrates risk and the measurement of bank …

returns or risk, or both. This is in conformity with the theory of the bank which postulates superiority of large banks …

, the paper bridges the gulf between (1) the banking literature that studies moral hazard effects of bank regulation without … the microeconomics of bank production without explicitly considering how banks' production decisions influence their … bank managers cost minimization versus value maximization are estimated using U.S. data on highest-level bank holding …

find that banking relationships in the U.S. and Japan are strong in somewhat different dimensions. Our paper clarifies … these and other interesting similarities and differences between the U.S. and Japan …

branches. This finding suggests that the board structures of bank with foreign branches might be the causes of agency problem …