{"id":"https://openalex.org/W2073845721","doi":"https://doi.org/10.1111/ajfs.12032","title":"How Does Diversification Impact Bank Stability? The Role of Globalization, Regulations, and Governance Environments","display_name":"How Does Diversification Impact Bank Stability? The Role of Globalization, Regulations, and Governance Environments","publication_year":2013,"publication_date":"2013-10-01","ids":{"openalex":"https://openalex.org/W2073845721","doi":"https://doi.org/10.1111/ajfs.12032","mag":"2073845721"},"language":"en","primary_location":{"id":"doi:10.1111/ajfs.12032","doi":"https://doi.org/10.1111/ajfs.12032","is_oa":false,"landing_page_url":"https://doi.org/10.1111/ajfs.12032","pdf_url":null,"source":{"id":"https://openalex.org/S4210190745","display_name":"Asia-Pacific Journal of Financial Studies","issn_l":"2041-6156","issn":["2041-6156","2041-9945"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core","jufo-1","kci-registered","poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asia-Pacific Journal of Financial Studies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5021212721","display_name":"Meng\u2010Fen Hsieh","orcid":"https://orcid.org/0000-0001-6631-0755","observed_orcids":["https://orcid.org/0000-0001-6631-0755"]},"institutions":[{"id":"https://openalex.org/I131948415","display_name":"National Taichung University of Science and Technology","ror":"https://ror.org/05bgcav40","country_code":"TW","type":"education","lineage":["https://openalex.org/I131948415"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Meng\u2010Fen Hsieh","raw_affiliation_strings":["Department of Finance National Taichung University of Science and Technology"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance National Taichung University of Science and Technology","institution_ids":["https://openalex.org/I131948415"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5061232078","display_name":"Pei\u2010Fen Chen","orcid":"https://orcid.org/0000-0001-6472-9579","observed_orcids":["https://orcid.org/0000-0001-6472-9579"]},"institutions":[{"id":"https://openalex.org/I193365169","display_name":"National Chi Nan University","ror":"https://ror.org/03ha6v181","country_code":"TW","type":"education","lineage":["https://openalex.org/I193365169"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Pei\u2010Fen Chen","raw_affiliation_strings":["Department of International Business Studies National Chi Nan University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of International Business Studies National Chi Nan University","institution_ids":["https://openalex.org/I193365169"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5048052041","display_name":"Chien\u2010Chiang Lee","orcid":"https://orcid.org/0000-0003-0037-4347","observed_orcids":["https://orcid.org/0000-0003-0037-4347"]},"institutions":[{"id":"https://openalex.org/I142974352","display_name":"National Sun Yat-sen University","ror":"https://ror.org/00mjawt10","country_code":"TW","type":"education","lineage":["https://openalex.org/I142974352"]}],"countries":["TW"],"is_corresponding":true,"raw_author_name":"Chien\u2010Chiang Lee","raw_affiliation_strings":["Department of Finance National Sun Yat\u2010sen University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance National Sun Yat\u2010sen University","institution_ids":["https://openalex.org/I142974352"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5018787557","display_name":"Shih\u2010Jui Yang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I142974352","display_name":"National Sun Yat-sen University","ror":"https://ror.org/00mjawt10","country_code":"TW","type":"education","lineage":["https://openalex.org/I142974352"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Shih\u2010Jui Yang","raw_affiliation_strings":["Department of Finance National Sun Yat\u2010sen University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance National Sun Yat\u2010sen University","institution_ids":["https://openalex.org/I142974352"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5048052041"],"corresponding_institution_ids":["https://openalex.org/I142974352"],"apc_list":{"value":2810,"currency":"USD","value_usd":2810},"apc_paid":null,"fwci":5.8309,"has_fulltext":false,"cited_by_count":77,"citation_normalized_percentile":{"value":0.95737464,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"42","issue":"5","first_page":"813","last_page":"844"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9976000189781189,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9976000189781189,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14419","display_name":"Banking Systems and Strategies","score":0.000699999975040555,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14183","display_name":"Banking Sector Performance and Management","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bank-diversification","display_name":"bank diversification","score":0.9750000238418579},{"id":"https://openalex.org/keywords/bank-stability","display_name":"bank stability","score":0.9160000085830688},{"id":"https://openalex.org/keywords/income-diversification","display_name":"income diversification","score":0.656000018119812},{"id":"https://openalex.org/keywords/asset-diversification","display_name":"asset diversification","score":0.9779999852180481},{"id":"https://openalex.org/keywords/globalization","display_name":"globalization","score":0.8960000276565552},{"id":"https://openalex.org/keywords/banking-regulation","display_name":"banking regulation","score":0.8740000128746033},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.9789999723434448},{"id":"https://openalex.org/keywords/principal-agent-problem","display_name":"principal-agent problem","score":0.9599999785423279},{"id":"https://openalex.org/keywords/economic-development","display_name":"economic development","score":0.9629999995231628},{"id":"https://openalex.org/keywords/asian-banks","display_name":"Asian banks","score":0.6840000152587891}],"concepts":[{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.7559650540351868},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.7063530683517456},{"id":"https://openalex.org/C2119116","wikidata":"https://www.wikidata.org/wiki/Q7181","display_name":"Globalization","level":2,"score":0.5932608842849731},{"id":"https://openalex.org/C2780148112","wikidata":"https://www.wikidata.org/wiki/Q1432581","display_name":"Proxy (statistics)","level":2,"score":0.5436228513717651},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.5260510444641113},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.46394631266593933},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.45592713356018066},{"id":"https://openalex.org/C2781316041","wikidata":"https://www.wikidata.org/wiki/Q1230584","display_name":"Diversity (politics)","level":2,"score":0.4509319067001343},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.42189279198646545},{"id":"https://openalex.org/C2992337254","wikidata":"https://www.wikidata.org/wiki/Q31275820","display_name":"Financial stability","level":2,"score":0.41687989234924316},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3860197961330414},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2489456832408905},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.15778779983520508},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.14430975914001465},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.09395650029182434},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/ajfs.12032","doi":"https://doi.org/10.1111/ajfs.12032","is_oa":false,"landing_page_url":"https://doi.org/10.1111/ajfs.12032","pdf_url":null,"source":{"id":"https://openalex.org/S4210190745","display_name":"Asia-Pacific Journal of Financial Studies","issn_l":"2041-6156","issn":["2041-6156","2041-9945"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core","jufo-1","kci-registered","poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asia-Pacific Journal of Financial Studies","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.48510000109672546,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":87,"referenced_works":["https://openalex.org/W83157039","https://openalex.org/W97404496","https://openalex.org/W1533157823","https://openalex.org/W1536753625","https://openalex.org/W1576628134","https://openalex.org/W1596451332","https://openalex.org/W1928404015","https://openalex.org/W1960714757","https://openalex.org/W1973564200","https://openalex.org/W1974857061","https://openalex.org/W1977802885","https://openalex.org/W1979106991","https://openalex.org/W1984323287","https://openalex.org/W1985835298","https://openalex.org/W1990636014","https://openalex.org/W1997222271","https://openalex.org/W2000222137","https://openalex.org/W2003152992","https://openalex.org/W2017035776","https://openalex.org/W2018171381","https://openalex.org/W2024173182","https://openalex.org/W2025156647","https://openalex.org/W2031764188","https://openalex.org/W2035554302","https://openalex.org/W2036146620","https://openalex.org/W2039284821","https://openalex.org/W2042622628","https://openalex.org/W2052546656","https://openalex.org/W2055324653","https://openalex.org/W2057766913","https://openalex.org/W2065919463","https://openalex.org/W2067119409","https://openalex.org/W2074922327","https://openalex.org/W2087227194","https://openalex.org/W2097460361","https://openalex.org/W2098628243","https://openalex.org/W2100061786","https://openalex.org/W2102413327","https://openalex.org/W2104302400","https://openalex.org/W2105004328","https://openalex.org/W2105052662","https://openalex.org/W2107565995","https://openalex.org/W2108460657","https://openalex.org/W2108491286","https://openalex.org/W2115455254","https://openalex.org/W2124229253","https://openalex.org/W2129123189","https://openalex.org/W2135115339","https://openalex.org/W2142561277","https://openalex.org/W2143854212","https://openalex.org/W2150221055","https://openalex.org/W2150286143","https://openalex.org/W2152786146","https://openalex.org/W2160033972","https://openalex.org/W2166552268","https://openalex.org/W2255819623","https://openalex.org/W2570598685","https://openalex.org/W2730976657","https://openalex.org/W3022251282","https://openalex.org/W3107517059","https://openalex.org/W3121192107","https://openalex.org/W3121433632","https://openalex.org/W3121539602","https://openalex.org/W3121678705","https://openalex.org/W3121759882","https://openalex.org/W3121807858","https://openalex.org/W3122006740","https://openalex.org/W3122347844","https://openalex.org/W3122494203","https://openalex.org/W3122540099","https://openalex.org/W3122711978","https://openalex.org/W3122914324","https://openalex.org/W3123200913","https://openalex.org/W3123331394","https://openalex.org/W3123766380","https://openalex.org/W3123892375","https://openalex.org/W3124253390","https://openalex.org/W3124705764","https://openalex.org/W3124747412","https://openalex.org/W3124980879","https://openalex.org/W3125015134","https://openalex.org/W3125917484","https://openalex.org/W3125937655","https://openalex.org/W3126127371","https://openalex.org/W4242147106","https://openalex.org/W4246113370","https://openalex.org/W6674903884"],"related_works":["https://openalex.org/W4281647008","https://openalex.org/W4411927060","https://openalex.org/W4366378875","https://openalex.org/W3199034707","https://openalex.org/W4306693019","https://openalex.org/W4246380346","https://openalex.org/W7217743396","https://openalex.org/W4284992675","https://openalex.org/W7220237318","https://openalex.org/W4387972242"],"abstract_inverted_index":{"Abstract":[0],"This":[1,48],"paper":[2],"examines":[3],"the":[4,19,41,87,149],"impact":[5],"of":[6,43,68,117,124,145,165],"bank":[7,74,106,109,127],"diversification":[8,56],"on":[9,51],"stability,":[10],"using":[11],"bank\u2010level":[12],"data":[13,80],"for":[14,54,73],"22":[15],"Asian":[16],"countries":[17],"over":[18],"period":[20],"from":[21,86],"1995":[22],"to":[23,104],"2009.":[24],"We":[25,76],"empirically":[26],"investigate":[27],"whether":[28],"country":[29,140,160],"characteristics,":[30],"economic":[31,166],"structure,":[32],"regulatory":[33],"and":[34,37,59,63,82,89],"governance":[35,147],"environments,":[36],"globalization":[38,125],"have":[39],"affected":[40],"degree":[42,123],"banking":[44,55],"stability":[45,110,128,133,155],"in":[46,96],"Asia.":[47],"study":[49],"takes":[50],"two":[52],"measures":[53],"\u2010":[57,62],"asset":[58,98,136,170],"income":[60,118,130],"diversities":[61],"adopts":[64],"a":[65,71,115,121,139,142,159,162],"broad":[66],"set":[67],"variables":[69],"as":[70],"proxy":[72],"stability.":[75,107],"apply":[77],"dynamic":[78],"panel":[79],"techniques":[81],"show":[83],"different":[84],"results":[85,92],"U.S.":[88],"Europe.":[90],"Our":[91],"first":[93],"reveal":[94],"that":[95,173],"Asia":[97],"diversity":[99,171],"is":[100],"not":[101],"sufficient":[102],"enough":[103],"improve":[105],"However,":[108],"can":[111,175],"be":[112],"enhanced":[113],"through":[114,129,135,156],"strategy":[116],"diversity.":[119,137,157],"Second,":[120],"higher":[122,143,163,177],"decreases":[126],"diversity,":[131],"but":[132],"rises":[134],"Third,":[138],"with":[141,161],"level":[144,164],"corporate":[146],"reduces":[148],"agency":[150],"problem,":[151],"thus":[152],"further":[153],"increasing":[154],"Finally,":[158],"development":[167],"will":[168],"support":[169],"so":[172],"banks":[174],"obtain":[176],"profit":[178],"accompanied":[179],"by":[180],"lower":[181],"risk.":[182]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":8},{"year":2024,"cited_by_count":9},{"year":2023,"cited_by_count":12},{"year":2022,"cited_by_count":8},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":9},{"year":2019,"cited_by_count":4},{"year":2018,"cited_by_count":7},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":4},{"year":2013,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
