Guzik, Boguslaw - In: Operations Research and Decisions 2 (2008), pp. 37-54
The author suggests a “model” of relations between liquidity, costs of liquidity and basic or empirical profitability … empirical paradox – when an increase of liquidity is accompanied by an increase in profitability. The second part present the … bank profitability model, since it is a concatenation of two submodels: basic profitability submodel and liquidity costs …
