between bank lending specialization and bank performance and stability in an international sample. Theory suggests that banks … exposures, while not leading to higher returns. The paper also documents important time, cross-bank, and cross-county variation …

between bank lending specialization and bank performance and stability in an international sample. Theory suggests that banks … exposures, while not leading to higher returns. The paper also documents important time, cross-bank, and cross-county variation …

countries over the period 1993 to 2007. A bank's ability to adjust its capital ratio is influenced by corporate governance …, public policy, market structure, and bank regulatory characteristics of the countries. In institutional environments with …