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ORGANIZATIONAL STRUCTURE AND THE DIVERSIFICATION DISCOUNT: EVIDENCE FROM COMMERCIAL BANKING

✍ Scribed by PETER G. KLEIN; MARC R. SAIDENBERG

Book ID
110943219
Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
186 KB
Volume
58
Category
Article
ISSN
0022-1821

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## Abstract This study analyzes bank margins in the German secondary market for exchange‐traded structured financial products, with particular emphasis on the influence of banks' credit risk. A structural model allowing for the incorporation of correlation effects between market and credit risk is