Profit efficiency is an econometric financial performance measure of how well actual profitability compares to a best-practice frontier. We compare the profit efficiency of small (under $100 million in total assets), medium, and large (over $1 billion) commercial banks for the period 1995 to...

We analyze the tendency of a journal to publish articles that eventually become classics in their specialized fields. A simple theoretical model is developed and applied to citation data for finance journals in 1991 and 1992. Of the top ten finance journals, only four are traditional finance...

We consider recent criticism by Berger et al. (J Bank Finance 31:11–33, <CitationRef CitationID="CR8">2007</CitationRef>) of the use of commercial bank lending propensities (e.g., small business loans/total assets) as research tools. We use 2SLS cross sectional regressions with bank fixed effects to examine the relationship between...</citationref>

We examine the revaluation of target security firms, their respective acquirers, both banks and non-banks, and their corresponding rivals before and after the major consolidation wave of 1994 to 1997. We find that target security firms as well as their respective acquirers are favorably revalued...

The Enron scandal offers the opportunity to assess the degree to which misleading accounting can affect connected firms and industry rivals. While the market was inept at detecting the inaccuracy of Enron’s financial statements, it swiftly punished many connected firms once Enron's faulty...