Berger, Allen N.; Hasan, Iftekhar; Korhonen, Iikka; … - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2010
diversification strategies and the risk-return tradeoff in banking. Our data set covers Russian banks during the 1999-2006 period and … finds somewhat mixed results. Specifically, we find that banks’ performance tends to be non-monotonically related to their … decreased risk only up to a certain threshold. Additionally, when foreign ownership is either very high or very low, banks tend …