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Persistent link: https://www.econbiz.de/10014445531
This study examines the influence of US banks' revenue diversification on profitability, equity capital, and credit risk by size. By a simple decomposition of Return On Capital (ROC) I show how popular revenue diversification measures affect both the ROC and risk-adjusted ROC. I find substantial...
Persistent link: https://www.econbiz.de/10014239759
Persistent link: https://www.econbiz.de/10012297237
This study examines the infuence of US banks' revenue diversification on profitability, equity capital, and credit risk by size. By a simple decomposition of Return On Capital (ROC) I show how popular revenue diversification measures affect both the ROC and risk-adjusted ROC. I find substantial...
Persistent link: https://www.econbiz.de/10013403282
This study examines the influence of US banks' revenue diversification on their profitability, equity capital, and credit risk, by size. By a simple decomposition of Return On Capital (ROC) I show how popular revenue diversification measures affect both the ROC and risk-adjusted ROC. Based on...
Persistent link: https://www.econbiz.de/10014089781
Persistent link: https://www.econbiz.de/10001354103
The paper shows how-in a Merton-type model with bankruptcy-the currency composition of debt changes the risk profile of a company raising a given amount of financing, and thus affects the cost of debt. Foreign currency borrowing is cheaper when the exchange rate is positively correlated with the...
Persistent link: https://www.econbiz.de/10013158547
Persistent link: https://www.econbiz.de/10009576600
Persistent link: https://www.econbiz.de/10003883138
The paper shows how-in a Merton-type model with bankruptcy-the currency composition of debt changes the risk profile of a company raising a given amount of financing, and thus affects the cost of debt. Foreign currency borrowing is cheaper when the exchange rate is positively correlated with the...
Persistent link: https://www.econbiz.de/10012677782