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Bank diversification and overall financial strength: international evidence

Doumpos Michael, Gaganis, Chrysovalantis, Pasiouras Fotios

Απλή Εγγραφή


URIhttp://purl.tuc.gr/dl/dias/26CFBD5B-2610-48DA-B83F-A5FFACC23D7E-
Αναγνωριστικόhttps://onlinelibrary.wiley.com/doi/abs/10.1111/fmii.12069-
Αναγνωριστικόhttps://doi.org/10.1111/fmii.12069-
Γλώσσαen-
Μέγεθος45 pagesen
ΤίτλοςBank diversification and overall financial strength: international evidenceen
ΔημιουργόςDoumpos Michaelen
ΔημιουργόςΔουμπος Μιχαηλel
ΔημιουργόςGaganis, Chrysovalantisen
ΔημιουργόςPasiouras Fotiosen
ΔημιουργόςΠασιουρας Φωτιοςel
ΕκδότηςJohn Wiley and Sonsen
ΠερίληψηThere are many studies in the finance and management literature that examine the impact of diversification on performance. Yet, the literature remains inconclusive as for the potential benefits in terms of risk and return. The present study aims to re-examine this issue, while proposing a methodological framework that integrates various bank performance and risk indicators into a single measure of financial strength. Using an international sample of commercial banks, we find that diversification in terms of income, earning assets, and on- and off-balance sheet activities influences positively their financial strength. We also find that income diversification can be more beneficial for banks operating in less developed countries compared to banks in advanced and major advanced economies. However, we observe the opposite in the case of diversification between off-balance sheet and on-balance sheet activities. Furthermore, the results reveal that income and earning assets diversification can mitigate the adverse effect of the financial crisis on bank financial strength. We continue to find a positive relationship between diversification and financial strength when we account for nesting effects, endogeneity, as well as when using an alternative approach for the construction of the financial strength indicator.en
ΤύποςPeer-Reviewed Journal Publicationen
ΤύποςΔημοσίευση σε Περιοδικό με Κριτέςel
Άδεια Χρήσηςhttp://creativecommons.org/licenses/by/4.0/en
Ημερομηνία2018-10-03-
Ημερομηνία Δημοσίευσης2016-
Θεματική ΚατηγορίαBankingen
Θεματική ΚατηγορίαDiversificationen
Θεματική ΚατηγορίαG21en
Θεματική ΚατηγορίαL25en
Θεματική ΚατηγορίαMulticriteriaen
Θεματική ΚατηγορίαMultidimensional performanceen
Θεματική ΚατηγορίαOverall financial strengthen
Βιβλιογραφική ΑναφοράM. Doumpos, C. Gaganis and F. Pasiouras, "Bank diversification and overall financial strength: international evidence," Financ. Market. Inst. Instrum., vol. 25, no. 3, pp. 169-213, Aug. 2016. doi: 10.1111/fmii.12069en

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