- Abstract
- Ⅰ. Introduction
- Ⅱ. Literature Review
- 1. Diversification: Benefits and Costs
- 2. The Empirical Results of Diversification
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https://www.riss.kr/link?id=A76501577
Choi, Sungho ; Jarrett Kotrozo (Rensselaer Polytechnic)
2008
English
은행 ; 다각화 ; 위험 ; 성과 ; Bank ; Diversification ; Risk Return ; JEI Classification: G21
376
KCI등재
학술저널
179-213(35쪽)
5
0
상세조회0
다운로드목차 (Table of Contents)
참고문헌 (Reference)
1 Villalonga, B, "Villalonga, B., “Does Diversification Cause the ‘Diversification Discount?”, University of California, Los Angeles Working Paper, (2000), pp.1-36."
2 Lang, L. H. P, "Tobin’s q, Corporate Diversification and Firm Performance" 102 : 1248-1280, 1994
3 Jensen, M, "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure" 3 : 305-360, 1976
4 Boyd, J. H, "The Profitability and Risk Effects of Allowing Bank Holding Companies (BHCs) to Merge with Other Financial Firms: A Simulation Study" 12 : 1-18, 1988
5 Peek, J, "The Poor Performance of Foreign Bank Subsidiaries: Were the Problems Acquired or Created?" 23 : 579-604, 1999
6 Templeton, W. K, "The Effects of Non-bank Diversification on Bank Holding Company Risk" 31 : 3-17, 1992
7 Vennet, R. V, "The Effects of Mergers and Acquisitions on the Efficiency and Profitability of EC Credit Institutions" 20 : 1531-1558, 1996
8 Berger, A. N, "The Effects of Geographic Expansion on Bank Efficiency" 19 : 163-184, 2001
9 Rajan, R, "The Cost of Diversity: The Diversification Discount and Inefficient Investment" 55 : 35-80, 2000
10 Gribbin, J.D, "The Conglomerate Merger" 8 : 19-35, 1976
1 Villalonga, B, "Villalonga, B., “Does Diversification Cause the ‘Diversification Discount?”, University of California, Los Angeles Working Paper, (2000), pp.1-36."
2 Lang, L. H. P, "Tobin’s q, Corporate Diversification and Firm Performance" 102 : 1248-1280, 1994
3 Jensen, M, "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure" 3 : 305-360, 1976
4 Boyd, J. H, "The Profitability and Risk Effects of Allowing Bank Holding Companies (BHCs) to Merge with Other Financial Firms: A Simulation Study" 12 : 1-18, 1988
5 Peek, J, "The Poor Performance of Foreign Bank Subsidiaries: Were the Problems Acquired or Created?" 23 : 579-604, 1999
6 Templeton, W. K, "The Effects of Non-bank Diversification on Bank Holding Company Risk" 31 : 3-17, 1992
7 Vennet, R. V, "The Effects of Mergers and Acquisitions on the Efficiency and Profitability of EC Credit Institutions" 20 : 1531-1558, 1996
8 Berger, A. N, "The Effects of Geographic Expansion on Bank Efficiency" 19 : 163-184, 2001
9 Rajan, R, "The Cost of Diversity: The Diversification Discount and Inefficient Investment" 55 : 35-80, 2000
10 Gribbin, J.D, "The Conglomerate Merger" 8 : 19-35, 1976
11 Lown, C. S, "The Changing Landscape of the Financial Services Industry: What Lies Ahead?" 6 : 39-55, 2002
12 DeLong, G. L, "Stockholder Gains from Focusing Versus Diversifying Bank Mergers" 59 : 221-252, 2001
13 Amihud, Y, "Risk Reduction as a Managerial Motive for Conglomerate 쟋ergers" 12 : 605-617, 1981
14 Goforth, C, "Proxy Reform as a Means of Increasing Shareholder Participation in Corporate Governance: Too Little" 43 : 379-465, 1994
15 DeYoung, R, "Product Mix and Earnings Volatility at Commercial Banks: Evidence from a Degree of Total Leverage Model" 10 : 54-84, 2001
16 Drucker, S, "On the Benefits of Concurrent Lending and Underwriting" 2005
17 Boot, A.W, "Market Discipline and Incentive Problems in Conglomerate Firms with Applications to Banking" 9 : 240-273, 2000
18 Lewellen, W.G, "Managerial Pay and Corporate Performance" 60 : 710-720, 1970
19 Sheilfer, A, "Managerial Entrenchment: The Case of Manager Specific Investments" 25 : 123-139, 1989
20 Laeven, L, "Laeven, L. and R. Levine, “Is There a Diversification Discount in Financial Conglomerates?”, World Bank Working Paper, (2004), pp.1-61."
21 Klein, P. G, "Klein, P. G. and M.R. Saidenberg, “Diversification, Organization and Efficiency:? Evidence from Bank Holding Companies”, Federal Reserve Bank of New York Working Paper, (1997), pp.1-14."
22 Kaufman, D, "Kaufman, D., Kraay, A. and Zoido-Lobato, “Governance Matters II: Updated indicators for 2000/01”,? World Bank Policy Research Working Paper 2772, (2002)."
23 Iskandar-Datta M, "Iskandar-Datta M. and R. McLuaghlin, “Global Diversification: New Evidence from Corporate Operating Performance”, Wayne State University Working Paper, (2005), pp.1-37."
24 Miller, S. R, "Is There a Liability of Foreignness in Global Banking? An Empirical Test of Banks’ X-Efficiency" 23 : 55-75, 2002
25 Gertner, R. H, "Internal Versus External Capital 쟋arkets" 109 : 1211-1230, 1994
26 Stein, J, "Internal Capital Markets and the Competition for Corporate Resources" 52 : 111-133, 1997
27 Berger, A. N, "Globalization of Financial Institutions: Evidence from Cross-Border Banking Performance" 3 : 1-77, 2000
28 DeYoung, R, "Foreign-Owned Banks in the United States:?Earning Market Share or Buying It?" 28 : 622-636, 1996
29 Fluck, Z, "Fluck, Z. and A. Lynch, “Why Do Firms Merge and Divest: A Theory of Financial Synergy”,? NYU Working Paper, (1996)."
30 Campa, J. M, "Explaining the Diversification Discount" 52 : 1731-1762, 2002
31 Chang, C. E, "Efficiency of Multinational Banks: An Empirical Investigation" 8 : 689-696, 1998
32 Demirguc-Kunt, A, "Does Deposit Insurance Increase Banking System Stability??An Empirical Investigation" 49 : 1373-1406, 2002
33 Graham, J. R, "Does Corporate Diversification Destroy Firm Value?" 57 : 695-720, 2002
34 Stiroh, K. J, "Do Community Banks Benefit from Diversification?" 25 : 135-160, 2004
35 Berger, P. G, "Diversification’s Effect on Firm Value" 37 : 39-65, 1995
36 Rose, P.S, "Diversification of the Banking Firm" 24 : 251-280, 1989
37 Deng, E, "Deng, E. and E. Elyasiani, “Geographic Diversification and BHC Return and Risk Performance”, Temple University Working Paper, (2005), pp.1-35."
38 Demsetz, R. S, "Demsetz, R. S. and P.E. Strahan, “Diversification, Size and Risk at Bank Holding Companies”,? Federal Reserve Bank of New York Working Paper, (1995), ?pp.1-22."
39 Demirguc-Kunt, A, "Demirguc-Kunt, A. and R. Levine, “Bank-Based and Market-Based Financial Systems: Cross Country Comparisons.” World Bank, (1999), pp.1-41."
40 Fauver, L, "Cross-Country Evidence on the Value of Corporate Industrial and International Diversification" 10 : 729-752, 2004
41 Mahajan, A, "Cost Structures in Multinational and Domestic Banking" 20 : 283-306, 1996
42 Myers, S. C, "Corporate Financing and Investment Decisions when Firms Have Information that Investors Don’t Have" 13 : 187-221, 1984
43 Levine, R, "Bank-Based or Market-Based Financial Systems: Which Is Better?" (442) : 1-24, 2002
44 Stultz, R, "Are Internal Capital Markets Efficient?" 113 : 531-552, 1998
45 Chung, K. H, "A Simple Approximation of Tobin’s q" 23 : 70-74, 1994
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학술지 이력
연월일 | 이력구분 | 이력상세 | 등재구분 |
---|---|---|---|
2028 | 평가예정 | 재인증평가 신청대상 (재인증) | |
2022-01-01 | 평가 | 등재학술지 유지 (재인증) | ![]() |
2019-01-01 | 평가 | 등재학술지 선정 (계속평가) | ![]() |
2018-12-01 | 평가 | 등재후보로 하락 (계속평가) | ![]() |
2015-01-01 | 평가 | 등재학술지 유지 (등재유지) | ![]() |
2011-01-01 | 평가 | 등재 1차 FAIL (등재유지) | ![]() |
2009-01-01 | 평가 | 등재학술지 유지 (등재유지) | ![]() |
2006-01-01 | 평가 | 등재학술지 선정 (등재후보2차) | ![]() |
2005-01-01 | 평가 | 등재후보 1차 PASS (등재후보1차) | ![]() |
2003-07-01 | 평가 | 등재후보학술지 선정 (신규평가) | ![]() |
학술지 인용정보
기준연도 | WOS-KCI 통합IF(2년) | KCIF(2년) | KCIF(3년) |
---|---|---|---|
2016 | 1.16 | 1.16 | 1.17 |
KCIF(4년) | KCIF(5년) | 중심성지수(3년) | 즉시성지수 |
1.07 | 1.02 | 1.378 | 0.53 |