Studies find that banks with good governance performed poorly during the 2007–2008
Global Financial Crisis. We examine this “good governance puzzle” by comparing the …

Abstract Economies of scope are usually considered a key factor in explaining bank
diversification benefits, as joint production can help spread costs across different operations …

One of the primary reasons a firm may choose to expand its horizontal boundaries is to take
advantage of economies of scope, where a firm's per unit costs fall as they produce more …

Purpose The purpose of this study is to analyze the effect of off-balance sheet activities on
the credit risk of African banks. Design/methodology/approach The theory about the …

We propose an empirically tractable method to estimate economies of scale and scope. We
start from a micro-founded model of production by a multi-product firm and generate a set of …

To what extent do transportation costs depend on the amount shipped, and how does
infrastructure investment shape these costs? We model railroads as multiproduct firms and …

This article examines the relationship between bank diversification and performance in the
Japanese banking sector. We use panel data from 141 banks over the period 2000–2022 to …

We examine the evolution of competition and efficiency in the US banking industry over the
past two decades by employing a novel two-step nonparametric method to estimate cost …

Systemic risk reduction in banking is a key component in maintaining financial stability. Even
after extensive explorations, the role of nontraditional activites in systemic risk still offers …

In this dissertation, I develop and leverage structural industrial organization tools to analyze
and address complex issues in two distinct sectors. Initially, I focus on the freight rail industry …