haku: @indexterm INTERNATIONAL BANKS / yhteensä: 183
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| Tekijä: | Aggarwal, R. Durnford, J. |
| Otsikko: | Market Assessment of International Banking Activity: A Study of US Bank Holding Companies |
| Lehti: | Quarterly Review of Economics and Business
1989 : SPRING, VOL. 29;2, p.58-67 |
| Asiasana: | BANKS INTERNATIONAL BANKS |
| Kieli: | eng |
| Tiivistelmä: | Using an improved methodology, the present paper studied the relationship between the extent of foreign diversification and the level of total risk, systematic risk and risk- adjusted excess returns for US-based bank holding companies. The main result is the following: increasing levels of foreign activity (measured by the proportion of foreign loans) is associated with diminishing levels of capital-market-determined systematic risk in bank holding company securities. Further, increasing foreign diversification does not lead to higher level of total risk. |
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