Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function

By Joseph P. Hughes, L. Mester. 2013

350 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/b28da29aa1e8f770a8eb9b2219d7edf3e4a2bb8c

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Paul Wilson

In Finance

1. Léopold Simar
2. Paul Wilson
3. Alois Kneip
4. Cinzia Daraio

Citations in the corpus

• The Financial Crisis of 2007–2009: Why Did It Happen and What Did We Learn? (2015, neutral): “67 For papers dealing with the pros and cons of large banks, see Bertay, Demirguc-Kunt, and Huizinga (2013) and Hughes and Mester (2013).”
• Testing Hypotheses in Nonparametric Models of Production (2016, result): “The rejection of convexity here is also consistent with recent results obtained by Wheelock and Wilson (2011, 2012), Hughes and Mester (2013), and others who have found evidence of increasing returns to scale throughout the size-ranges of banks and credit unions by estimating cost functions using…”
• The dynamics of US bank profitability (2015, neutral): “6 Recent evidence suggests that economies of scale are available to even the largest banks in the size distribution (Wheelock and Wilson, 2011; Hughes and Mester, 2011).”