Correa, Ricardo; Goldberg, Linda S. - 2020
, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance … arrangements. We test these conjectures using data on large U.S. BHCs for the 1996-2018 period. Organizational complexity and … geographic scope tend to provide diversification gains and reduce idiosyncratic and liquidity risks while also increasing BHCs …