On the portfolio effects of financial convergence - a review of the literature

Simon H. Kwan · Elizabeth S. Laderman

82 citations0/0 files storedRePEc: Research Papers in Economics

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Banking stability, regulation, efficiency Insurance and Financial Risk Management Banking Systems and Strategies

Abstract

This paper reviews the literature on the effects of combining banking and nonbank financial activities on banking organizations' risk and return. In general, securities activities, insurance agency, and insurance underwriting are all riskier and more profitable than banking activities. They also have the potential to provide diversification benefits to banking organizations. While real estate agency, title abstract activities, and real estate operation are more profitable than banking, real estate development may not be. Real estate activities are riskier than banking activities in general, and their diversification benefits for banking organizations are less clear.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 82 citations exist upstream.

References

1972Portfolio Theory and Capital Markets.2004Is the Glass-Steagall Act Justified? A Study of the U.S. Experience with Universal Banking Before 1933 1993Bank holding company mergers with nonbank financial firms: Effects on the risk of failure 1994Universal Banking in The United States 1986Before the Glass-Steagall Act: An analysis of the investment banking activities of national banks 1988The Profitability and Risk Effects of Allowing Bank Holding Companies to Merge With Other Financial Firms: A Simulation Study 1994The long-term default performance of bank underwritten security issues 1994Universal Banking in the United States: What Could We Gain? What Could We Lose?

Cited by

2014Regulation and Deregulation of the U.S. Banking Industry: Causes, Consequences, and Implications for the Future 2019Bank diversification and systemic risk 2002Event-study evidence of the value of relaxing long-standing regulatory restraints on banks, 1970–2000 1998Securities activities by commercial banking firms' Section 20 subsidiaries: risk, return and diversification benefits 2005

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.