Toward a more resilient financial system: should banks be diversified?

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dc.contributor.authorBaselga Pascual, Laura
dc.contributor.authorOrden Olasagasti, Olga del
dc.contributor.authorTrujillo-Ponce, Antonio
dc.date.accessioned2025-10-24T12:05:22Z
dc.date.available2025-10-24T12:05:22Z
dc.date.issued2018-06-07
dc.date.updated2025-10-24T12:05:22Z
dc.description.abstractThis article empirically analyzes the effects of revenue diversification on the profitability and risk of a large sample of Eurozone banks over the period from 2000 to 2012. We use the generalized method of moments (GMM) estimator, which is also referred to as the system-GMM estimator. We conclude that higher income diversification favors bank profitability. However, our study does not find a significant relationship between revenue diversification and bank risk, even when considering a crisis period. Our results suggest that establishing restrictions in the universal banking model could damage the resilience of the financial system, and thus affect the sustainability of the uneven economic recovery in Europe.en
dc.identifier.citationBaselga-Pascual, L., del Orden-Olasagasti, O., & Trujillo-Ponce, A. (2018). Toward a more resilient financial system: should banks be diversified? Sustainability (Switzerland), 10(6). https://doi.org/10.3390/SU10061903
dc.identifier.doi10.3390/SU10061903
dc.identifier.eissn2071-1050
dc.identifier.urihttps://hdl.handle.net/20.500.14454/4089
dc.language.isoeng
dc.publisherMDPI AG
dc.rights© 2018 by the authors
dc.subject.otherDiversification
dc.subject.otherBank profitability
dc.subject.otherBank risk
dc.subject.otherDynamic panel
dc.subject.otherEuropean banking system
dc.subject.otherSustainability of economic recovery
dc.titleToward a more resilient financial system: should banks be diversified?en
dc.typejournal article
dcterms.accessRightsopen access
oaire.citation.issue6
oaire.citation.titleSustainability (Switzerland)
oaire.citation.volume10
oaire.licenseConditionhttps://creativecommons.org/licenses/by/4.0/
oaire.versionVoR
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