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Why are bank profits so persistent? The roles of product market competition, informational opacity, and regional/macroeconomic shocks
7 references·16 citing·52 second hop
Why are bank profits so persistent? The roles of product market competition, informational opacity, and regional/macroeconomic shocks (2000)Why are bank profits so persistent? The r…The Efficiency Cost of Market Power in the Banking Industry: A Test of the “Quiet Life” and Related Hypotheses (1998)The Efficiency Cost of Market…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Industry differences in the persistence of firm-specific returns (1996)Industry differences in the p…Performance Persistence (1995)Performance PersistenceHot Hands in Mutual Funds: Short-Run Persistence of Relative Performance, 1974-1988 (1993)Hot Hands in Mutual Funds: Sh…Survivorship Bias in Performance Studies (1992)Survivorship Bias in Performa…Tobin's q and the Importance of Focus in Firm Performance (1988)Tobin's q and the Importance …Bank-Specific, Industry-Specific and Macroeconomic Determinants of Bank Profitability (2022)Bank-Specific, Industry-Speci…The determinants of bank profitability: A cross-country analysis (2020)The determinants of bank prof…Determinants of Bank Profitability—Evidence from Vietnam (2019)Determinants of Bank Profitab…Bank profitability and risk‐taking under low interest rates (2017)Bank profitability and risk‐t…Determinants of bank profitability in transition countries: What matters most? (2016)Determinants of bank profitab…Is bank income diversification beneficial? Evidence from an emerging economy (2014)Is bank income diversificatio…COMPETITION AND STABILITY IN EUROPEAN BANKING: A REGIONAL ANALYSIS* (2012)COMPETITION AND STABILITY IN …The persistence of bank profit (2011)The persistence of bank profitBank competition, financial reform, and institutions: The importance of being developed (2011)Bank competition, financial r…The profitability of banks in Japan (2010)The profitability of banks in…Does Monetary Policy Affect Bank Risk-Taking? (2010)Does Monetary Policy Affect B…Do Bank Profits Converge? (2009)Do Bank Profits Converge?The diversification and financial performance of US credit unions (2008)The diversification and finan…European banking: An overview (2007)European banking: An overviewDeregulation, Consolidation, and Efficiency: Evidence from the Spanish Insurance Industry (2006)Deregulation, Consolidation, …The Persistence of Shocks to Profitability (1999)The Persistence of Shocks to …Distribution of the Estimators for Autoregressive Time Series with a Unit Root (1979)Biases in Dynamic Models with Fixed Effects (1981)Asset Stock Accumulation and Sustainability of Competitive Advantage (1989)What Do We Know About Variance in Accounting Profitability? (2002)Determinants of profitability in European manufacturing and services: evidence from a dynamic panel model (2005)Schumpeter's ghost: Is hypercompetition making the best of times shorter? (2005)Tobin's $q$ Ratio and Industrial Organization (1981)The cornerstones of competitive advantage: A resource‐based view (1993)The Theory of the Growth of the Firm (1995)Dynamic capabilities and strategic management (1997)Dynamic capabilities: what are they? (2000)An Empirical Evaluation of Accounting Income Numbers (1968)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Modern Portfolio Theory and Investment Analysis. (1982)The Performance of Hedge Funds: Risk, Return, and Incentives (1999)International evidence on ethical mutual fund performance and investment style (2004)Can Mutual Fund “Stars” Really Pick Stocks? New Evidence from a Bootstrap Analysis (2006)Risk, Return, and Equilibrium: Empirical Tests (1973)Efficient Capital Markets: II (1991)Breadth of ownership and stock returns (2002)The market for borrowing stock (2002)The Small World of Investing: Board Connections and Mutual Fund Returns (2008)Tobin's q, Corporate Diversification, and Firm Performance (1994)Diversification's effect on firm value (1995)Determinants of Commercial Bank Interest Margins and Profitability: Some International Evidence (1999)How loan portfolio diversification affects risk, efficiency and capitalization: A managerial behavior model for Austrian banks (2009)Can Banks in Emerging Economies Benefit from Revenue Diversification? (2010)Asset quality, non-interest income, and bank profitability: Evidence from Indian banks (2017)How much does industry matter? (1991)Industry, corporate, and segment effects and business performance: a non‐parametric approach (2003)Productivity, profitability and financial performance (2008)What Do Resource- and Capability-Based Theories Propose? (2011)Strategic Management Journal (2016)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Common risk factors in the returns on stocks and bonds (1993)Multifactor Explanations of Asset Pricing Anomalies (1996)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)Industry Structure, Market Rivalry, and Public Policy (1973)Social Costs of Monopoly and Regulation (1974)Competition and Corporate Performance (1996)Consistency Conditions for Regulatory Analysis of Financial Institutions: A Comparison of Frontier Efficiency Methods (1998)Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation (2003)On the implications of market power in banking: Evidence from developing countries (2009)Insiders and Outsiders: The Choice between Informed and Arm's-Length Debt (1992)Inside the Black Box: The Credit Channel of Monetary Policy Transmission (1995)Efficiency of financial institutions: International survey and directions for future research (1997)What Are Borders Made of? An Analysis of Barriers to European Banking Integration (2008)Returns from Investing in Equity Mutual Funds 1971 to 1991 (1995)Are Some Mutual Fund Managers Better Than Others? Cross‐Sectional Patterns in Behavior and Performance (1999)Is Money Smart? A Study of Mutual Fund Investors' Fund Selection Ability (1999)Unobserved Actions of Mutual Funds (2006)
this work references cited by second hop

References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1993Hot Hands in Mutual Funds: Short-Run Persistence of Relative Performance, 1974-19881,219 cited
  • 1992Survivorship Bias in Performance Studies1,118 cited
  • 1988Tobin's q and the Importance of Focus in Firm Performance955 cited
  • 1995Performance Persistence946 cited
  • 1998The Efficiency Cost of Market Power in the Banking Industry: A Test of the “Quiet Life” and Related Hypotheses817 cited
  • 1996Industry differences in the persistence of firm-specific returns310 cited

Cited by

  • 1999The Persistence of Shocks to Profitability299 cited
  • 2007European banking: An overview296 cited
  • 2008The diversification and financial performance of US credit unions288 cited
  • 2020The determinants of bank profitability: A cross-country analysis277 cited
  • 2014Is bank income diversification beneficial? Evidence from an emerging economy276 cited
  • 2006Deregulation, Consolidation, and Efficiency: Evidence from the Spanish Insurance Industry251 cited
  • 2022Bank-Specific, Industry-Specific and Macroeconomic Determinants of Bank Profitability242 cited
  • 2011Bank competition, financial reform, and institutions: The importance of being developed

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227 cited
  • 2011The persistence of bank profit214 cited
  • 2017Bank profitability and risk‐taking under low interest rates207 cited
  • 2012COMPETITION AND STABILITY IN EUROPEAN BANKING: A REGIONAL ANALYSIS*201 cited
  • 2019Determinants of Bank Profitability—Evidence from Vietnam189 cited
  • 2009Do Bank Profits Converge?188 cited
  • 2016Determinants of bank profitability in transition countries: What matters most?183 cited
  • 2010Does Monetary Policy Affect Bank Risk-Taking?179 cited
  • 2010The profitability of banks in Japan174 cited