Should Banks Be Diversified
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Should Banks Be Diversified
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Author : Viral V. Acharya
language : en
Publisher:
Release Date : 2002
Should Banks Be Diversified written by Viral V. Acharya and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Bank loans categories.
Should Banks Be Diversified Evidence From Individual Bank Loan Portfolios
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Author : Viral V. Acharya
language : en
Publisher:
Release Date : 2004
Should Banks Be Diversified Evidence From Individual Bank Loan Portfolios written by Viral V. Acharya and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
We study the effect of loan portfolio focus vs. diversification on the return and the risk of 105 Italian banks over the period 1993-1999 using data on bank-by-bank exposures to different industries and sectors. We find that diversification is not guaranteed to produce superior performance and/or greater safety for banks. For high-risk banks, diversification reduces bank return while producing riskier loans. For low-risk banks, diversification produces either an inefficient risk-return tradeoff or only a marginal improvement. Our results are consistent with a deterioration in the effectiveness of bank monitoring at high risk-levels and upon lending expansion into newer or competitive industries.
Does Diversification Improve The Performance Of German Banks Evidence From Individual Bank Loan Portfolios
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Author : Evelyn Hayden
language : en
Publisher:
Release Date : 2016
Does Diversification Improve The Performance Of German Banks Evidence From Individual Bank Loan Portfolios written by Evelyn Hayden and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Should banks be diversified or focused? Does diversification indeed lead to enhanced performance.
What Should Banks Do
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Author : Robert E. Litan
language : en
Publisher:
Release Date : 1987
What Should Banks Do written by Robert E. Litan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Business & Economics categories.
Describes changes in the financial services industry, discusses the advantages and risks of expanding bank powers, and suggests guidelines for balancing the benefits of competition and public service.
The Effects Of Diversification On Bank Performance From The Perspective Of Risk Return And Cost Efficiency
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Author : Begumhan Ozdincer
language : en
Publisher:
Release Date : 2011
The Effects Of Diversification On Bank Performance From The Perspective Of Risk Return And Cost Efficiency written by Begumhan Ozdincer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
The question of whether banks should diversify or focus in their activities may have different implications for a market where the banking industry is more settled versus a growth market that has not yet fully saturated. The aim of this paper is to investigate whether diversification pays off, in terms of risk return and cost efficiency, in a market which shows a great deal of growth potential.The results of our empirical study can be summarized as follows: banks that are more diversified have higher return measured as return on solvency as well as increased credit risk. The cost income efficiency of more diversified banks is also higher than more focused ones. Our results also show that diversification does not have a significant impact on the market risk of a bank.
Toward A More Resilient Financial System
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Author : Laura Baselga-Pascual
language : en
Publisher:
Release Date : 2018
Toward A More Resilient Financial System written by Laura Baselga-Pascual and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This article empirically analyzes the effects of revenue diversification on the profitability and risk of a large sample of Eurozone banks over the period from 2000 to 2012. We use the generalized method of moments (GMM) estimator, which is also referred to as the system-GMM estimator. We conclude that higher income diversification favors bank profitability. However, our study does not find a significant relationship between revenue diversification and bank risk, even when considering a crisis period. Our results suggest that establishing restrictions in the universal banking model could damage the resilience of the financial system, and thus affect the sustainability of the uneven economic recovery in Europe.
Diversification Collateral And Economies Of Scale In Banking
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Author : Doris Neuberger
language : en
Publisher:
Release Date : 2008
Diversification Collateral And Economies Of Scale In Banking written by Doris Neuberger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Adopting a continuous-time portfolio framework with endogenous financial intermediation, this paper analyzes diversification in bank lending. First, an increase in the number of independent credits in a loan portfolio is shown to enhance intermediation activities. This supports the hypothesis of financial deepening in a growing economy. Second, diversification may reduce a bank's collateral requirements, giving rise to a kind of scale economy in lending. If competition among banks is driven by collateral, big banks get a competitive edge vis-agrave;-vis less diversified small banks, which should lead to a natural monopoly outcome in the banking market.
Does Diversification Improve The Performance Of German Banks
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Author : Evelyn Hayden
language : en
Publisher:
Release Date : 2006
Does Diversification Improve The Performance Of German Banks written by Evelyn Hayden and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Bank profits categories.
International Diversification Gains And Home Bias In Banking
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Author : Alicia García-Herrero
language : en
Publisher: International Monetary Fund
Release Date : 2007-12
International Diversification Gains And Home Bias In Banking written by Alicia García-Herrero and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12 with Business & Economics categories.
This paper assembles a bank-level dataset covering the operations of 38 international banks from eight industrial countries and their subsidiaries overseas during 1995-2004, and studies the extent of diversification gains from their local operations abroad. The paper finds that international banks with a larger share of assets allocated to foreign subsidiaries, particularly to those located in emerging market countries, are able to attain higher risk-adjusted returns. These gains are somewhat reduced- but by no means depleted-when international banks concentrate their subsidiaries in specific geographical regions. The paper also finds a substantial home bias in the international allocation of bank assets, relative to the results of a mean-variance portfolio optimization model. Overall, international diversification gains in banking appear to be substantial, albeit largely unexploited by current bank expansion strategies. These results suggest that international diversification gains could usefully be considered in the second pillar of Basel II as the first pillar is based only on the idiosyncratic risk of recipient countries.
The Valuation Effects Of Geographic Diversification
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Author : Mr.Martin R. Goetz
language : en
Publisher: International Monetary Fund
Release Date : 2012-02-01
The Valuation Effects Of Geographic Diversification written by Mr.Martin R. Goetz and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-02-01 with Business & Economics categories.
This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank deregulation, we find that exogenous increases in geographic diversity reduce BHC valuations. These findings are consistent with the view that geographic diversity makes it more difficult for shareholders and creditors to monitor firm executives, allowing corporate insiders to extract larger private benefits from firms.