Can Banks in Emerging Economies Benefit from Revenue Diversification?

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Which Banks Are More Risky? The Impact of Business Models on Bank Stability (2015, background): “There are also findings which suggest that banks from developing countries benefit from a better revenue diversification (Sanya and Wolfe, 2011). banks.”
Does bank competition and diversification lead to greater stability?Evidence from emerging markets (2013, background): “On the contrary, researchers such as (Landskroner et al., 005; Baele et al., 2007; Sanya and Wolfe, 2011) reveal that iversification increases bank stability.”
Is Bank Income Diversification Beneficial? Evidence from an Emerging Economy (2013, unknown): “Philippine banks exhibit higher levels of involvement in non-interest activities than those reported in Sanya and Wolfe (2011) for their set of emerging countries and similar levels of involvement in non-interest income activities in direct comparison with those reported in US and European studies. ”