Does uniqueness in banking matter?

We investigate whether and how the uniqueness of banking activities affects the performance and systemic risk of U.S. banks. We find that banks performing more unique activities exhibit higher profitability and lower risk, controlling for size, diversification, and other key characteristics. We furt...

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Bibliographic Details
Main Authors: Hong Liu, Lars Norden, Fabrizio Spargoli
Format: Default Article
Published: 2020
Subjects:
Finance
Applied Mathematics
Economic Theory
Banking, Finance and Investment
diversity
diversification
systemic risk
performance
Banks
Online Access:https://hdl.handle.net/2134/12917741.v1
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