We use panel data from nine countries over the period 1996 to 2003 to test how revenue diversi-fication in conjunction with increasing bank size affects bank value. Using a comprehensive framework for bank performance measurement, we find no evidence for a conglomerate discount, unlike studies concerned with industrial firms. Rather, revenue diversification increases bank profitability and is associated with higher market valuation. This performance effect does not depend on whether diversification was achieved through organic growth or through M&A activity
This paper attempts to ascertain whether or not functional diversification is value-enhancing or val...
Producción CientíficaThis study investigates the interrelationship between bank regulatory capital a...
This paper investigates whether the range of activities conducted by banks influences their performa...
We use panel data from nine countries over the period 1996 to 2003 to test how revenue diversi-ficat...
We use panel data from nine countries over the period 1996 to 2003 to test how revenue diversi-ficat...
We use panel data from nine countries over the period 1996 to 2003 to test how revenue diversi-ficat...
We use panel data from nine countries over the period 1996 to 2003 to test how revenue diversi-ficat...
We use panel data from nine countries over the period 1996 to 2003 to test how revenue diversi-ficat...
We use panel data from nine countries over the period 1996-2008 to test how revenue diversification ...
This paper investigates whether functional diversification is value-enhancing or value-destroying in...
This paper investigates whether functional diversification is value-enhancing or value-destroying in...
This paper investigates whether functional diversification is value-enhancing or value-destroying in...
This paper investigates whether functional diversification is value-enhancing or value-destroying in...
This paper investigates whether functional diversification is value-enhancing or value-destroying in...
Banks have been revising their business models since the financial crisis, diversifying income sourc...
This paper attempts to ascertain whether or not functional diversification is value-enhancing or val...
Producción CientíficaThis study investigates the interrelationship between bank regulatory capital a...
This paper investigates whether the range of activities conducted by banks influences their performa...
We use panel data from nine countries over the period 1996 to 2003 to test how revenue diversi-ficat...
We use panel data from nine countries over the period 1996 to 2003 to test how revenue diversi-ficat...
We use panel data from nine countries over the period 1996 to 2003 to test how revenue diversi-ficat...
We use panel data from nine countries over the period 1996 to 2003 to test how revenue diversi-ficat...
We use panel data from nine countries over the period 1996 to 2003 to test how revenue diversi-ficat...
We use panel data from nine countries over the period 1996-2008 to test how revenue diversification ...
This paper investigates whether functional diversification is value-enhancing or value-destroying in...
This paper investigates whether functional diversification is value-enhancing or value-destroying in...
This paper investigates whether functional diversification is value-enhancing or value-destroying in...
This paper investigates whether functional diversification is value-enhancing or value-destroying in...
This paper investigates whether functional diversification is value-enhancing or value-destroying in...
Banks have been revising their business models since the financial crisis, diversifying income sourc...
This paper attempts to ascertain whether or not functional diversification is value-enhancing or val...
Producción CientíficaThis study investigates the interrelationship between bank regulatory capital a...
This paper investigates whether the range of activities conducted by banks influences their performa...