Do We need Big Banks? Evidence on Performance, Strategy and Market Discipline

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The End of Market Discipline? Investor Expectations of Implicit State Guarantees (2013, background): “10 This suggests that economies disappear once a certain size threshold is reached, with diseconomies emerging due to the complexity of managing large institutions and implementing effective riskmanagement systems (e.g., Laeven and Levine 2007; Demirguc-Kunt and Huizinga 2011).”
Does the impact of board independence on large bank risks change after the global financial crisis (2017, methodology): “In the identification of the controls to include in our specification, we follow studies on the drivers of a bank’s risk (see, for instance, Bertay et al., 2013; Hagendorff et al., 2017; Pathan, 2009).”
Bank Insolvency Risk and Z-Score Measures: A Refinement (2015, methodology): “2For some recent papers using this methodology, see e.g. Berger et al. (2014), Delis et al. (2014), Fang et al. (2014), Fu et al. (2014), Hakenes et al. (2014); Beck et al. (2013), Bertay et al. (2013), DeYoung and Torna (2013).”