relationship to size requires untangling cost and profit from decisions about risk versus expected-return because both cost and … liabilities to reduce the probability of bank runs. These aspects of banking affect a bankś choice of risk vs. expected return …, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect the valuable charter from …

relationship to size requires untangling cost and profit from decisions about risk versus expected-return because both cost and … liabilities to reduce the probability of bank runs. These aspects of banking affect a bank´s choice of risk vs. expected return …, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect the valuable charter from …

relationship to size requires untangling cost and profit from decisions about risk versus expected return because both cost and … bank liabilities to reduce the probability of bank runs. These aspects of banking affect a bank's choice of risk versus … expected return, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect their valuable …

from the cross-section efficiency literature. Our most striking result is that during 1991-1997, cost productivity worsened … while profit productivity improved substantially, particularly for banks engaging in mergers. The data are consistent with … additional services or higher service quality that raised costs but also raised revenues by more than the cost increases. The …

Over the past several years, substantial research effort has gone into measuring the efficiency of financial … measured efficiency. This paper examines several possible sources, including differences in efficiency concept, measurement … method, and a number of bank, market, and regulatory characteristics. We review the existing literature and provide new …