SIZE AND PERFORMANCE OF BANKING FIRMS - TESTING THE PREDICTIONS OF THEORY
成果类型：
Article
署名作者：
BOYD, JH; RUNKLE, DE
署名单位：
University of Minnesota System; University of Minnesota Twin Cities
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/0304-3932(93)90016-9
发表日期：
1993
页码：
47-67
关键词：
摘要：
In recent years, two important literatures on the theory of banking firms have developed. One examines the economic functions of banks in environments in which agents are asymmetrically informed. Another considers the incentive effects (moral hazard) resulting from deposit insurance. Both theories make predictions about the relation between banking firm size and performance. An empirical analysis of large bank holding companies investigates measures of market valuation and risk of failure. Limited support is provided for either set of theoretical predictions.
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