Article ID Journal Published Year Pages File Type
5089258 Journal of Banking & Finance 2013 12 Pages PDF
Abstract
► We study the extent of international diversification gains in banking. ► We find substantial risk-return gains stemming from bank activities abroad. ► Concentration of bank activities within geographic regions partly eroded these gains. ► A mean-variance portfolio optimization model shows a home bias in banking. ► Suboptimal allocation of bank assets is more severe in emerging market countries.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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International diversification gains and home bias in banking
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