Details about Joseph P. Hughes

Access statistics for papers by Joseph P. Hughes.

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Short-id: phu331

Working Papers

2019

1. CONSUMER LENDING EFFICIENCY:COMMERCIAL BANKS VERSUS A FINTECH LENDER
   Working Papers, Federal Reserve Bank of Philadelphia View citations (3)
   Also in Departmental Working Papers, Rutgers University, Department of Economics (2018)
   See also Journal Article Consumer lending efficiency: commercial banks versus a fintech lender, Financial Innovation, Springer (2022) View citations (15) (2022)
2. Does Scale Matter in Community Bank Performance? Evidence Obtained by Applying Several New Measures of Performance
   Departmental Working Papers, Rutgers University, Department of Economics View citations (19)
   Also in Working Papers, Federal Reserve Bank of Philadelphia (2018) View citations (2)
   Departmental Working Papers, Rutgers University, Department of Economics (2018) View citations (2)
   See also Journal Article Does scale matter in community bank performance? Evidence obtained by applying several new measures of performance, Journal of Banking & Finance, Elsevier (2019) View citations (12) (2019)

2018

3. How Bad Is a Bad Loan? Distinguishing Inherent Credit Risk from Inefficient Lending (Does the Capital Market Price This Difference?)
   Departmental Working Papers, Rutgers University, Department of Economics View citations (3)
   Also in Departmental Working Papers, Rutgers University, Department of Economics (2017) View citations (7)
   See also Journal Article How bad is a bad loan? Distinguishing inherent credit risk from inefficient lending (Does the capital market price this difference?), Journal of Economics and Business, Elsevier (2022) View citations (2) (2022)
4. The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications
   Departmental Working Papers, Rutgers University, Department of Economics

2017

5. Capital Regulation: Less Really Can Be More When Incentives Are Socially Aligned
   Departmental Working Papers, Rutgers University, Department of Economics

2016

6. Is Bigger Necessarily Better in Community Banking?
   Working Papers, Federal Reserve Bank of Philadelphia View citations (7)
   Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (2016) View citations (5)
   Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2016) View citations (6)
   Departmental Working Papers, Rutgers University, Department of Economics (2016) View citations (6)
7. Market Discipline Working for and Against Financial Stability: The Two Faces of Equity Capital in U.S. Commercial Banking
   Departmental Working Papers, Rutgers University, Department of Economics View citations (6)
8. Measuring Agency Costs and the Value of Investment Opportunities of U.S. Bank Holding Companies with Stochastic Frontier Estimation
   Departmental Working Papers, Rutgers University, Department of Economics View citations (1)
   See also Chapter Measuring agency costs and the value of investment opportunities of US bank holding companies with stochastic frontier estimation, Chapters, Edward Elgar Publishing (2017) (2017)

2015

9. The Future of Large, Internationally Active Banks: Does Scale Define the Winners?
   Departmental Working Papers, Rutgers University, Department of Economics
   See also Chapter The Future of Large, Internationally Active Banks: Does Scale Define the Winners?, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2016) (2016)

2013

10. Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (6)
    Also in Departmental Working Papers, Rutgers University, Department of Economics (2013) View citations (6)
    Working Papers, Federal Reserve Bank of Philadelphia (2013) View citations (5)
11. Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (168)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2013) View citations (46)
    Departmental Working Papers, Rutgers University, Department of Economics (2011) View citations (6)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2011) View citations (16)
    Working Papers, Federal Reserve Bank of Philadelphia (2011) View citations (7)
    See also Journal Article Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function, Journal of Financial Intermediation, Elsevier (2013) View citations (165) (2013)

2012

12. A Primer on Market Discipline and Governance of Financial Institutions for Those in a State of Shocked Disbelief
    Departmental Working Papers, Rutgers University, Department of Economics View citations (4)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2012) View citations (3)

2011

13. A NEW COST EFFICIENCY MEASURE FOR NOT-FOR-PROFIT FIRMS: EVIDENCE OF A LINK BETWEEN INEFFICIENCY AND LARGE ENDOWMENTS
    Departmental Working Papers, Rutgers University, Department of Economics
    See also Journal Article A New Cost Efficiency Measure for Not-for-Profit Firms: Evidence of a Link Between Inefficiency and Large Endowments, Atlantic Economic Journal, Springer (2013) View citations (1) (2013)
14. The Elusive Scale Economies of the Largest Banks and their Implications for Global Competitiveness
    Departmental Working Papers, Rutgers University, Department of Economics
    See also Chapter The Elusive Scale Economies of the Largest Banks and Their Implications for Global Competitiveness, World Scientific Book Chapters, World Scientific Publishing Co. Pte. Ltd. (2013) (2013)

2008

15. Efficiency in Banking: Theory, Practice, and Evidence
    Departmental Working Papers, Rutgers University, Department of Economics View citations (41)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (2008) View citations (45)

2004

16. Estimating managers' utility-maximizing demand for agency goods
    Proceedings, Federal Reserve Bank of Chicago View citations (2)
17. Managerial Incentives and the Efficiency of Capital Structure in U.S. Commercial Banking
    Departmental Working Papers, Rutgers University, Department of Economics View citations (1)

2002

18. Do Bankers Sacrifice Value to Build Empires? Managerial Incentives, Industry Consolidation and Financial Performance
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (5)
    Also in Departmental Working Papers, Rutgers University, Department of Economics (2001) View citations (1)
    Working Papers, Federal Reserve Bank of Philadelphia (2002) View citations (9)
    See also Journal Article Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance, Journal of Banking & Finance, Elsevier (2003) View citations (79) (2003)

2001

19. Managerial Incentives and the Efficiency of Capital Structure
    Departmental Working Papers, Rutgers University, Department of Economics View citations (2)
    Also in Proceedings, Federal Reserve Bank of Chicago (2001)

2000

20. Are All Scale Economies in Banking Elusive or Illusive: Evidence Obtained by Incorporating Capital Structure and Risk Taking into Models of Bank Production
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (5)
21. Are Scale Economies in Banking Elusive or Illusive?
    Departmental Working Papers, Rutgers University, Department of Economics View citations (27)
22. Are scale economies in banking elusive or illusive? Evidence obtained by incorporating capital structure and risk-taking into models of bank production
    Working Papers, Federal Reserve Bank of Philadelphia View citations (7)
    Also in Proceedings, Federal Reserve Bank of Chicago (2000) View citations (7)
    See also Journal Article Are scale economies in banking elusive or illusive?: Evidence obtained by incorporating capital structure and risk-taking into models of bank production, Journal of Banking & Finance, Elsevier (2001) View citations (215) (2001)
23. Efficient Risk-Taking and Regulatory Covenant Enforcement in a Deregulated Banking Industry
    Departmental Working Papers, Rutgers University, Department of Economics View citations (3)
    See also Journal Article Efficient risk-taking and regulatory covenant enforcement in a deregulated banking industry, Journal of Economics and Business, Elsevier (2001) View citations (33) (2001)
24. Recovering Risky Technologies Using The Almost Ideal Demand System: An Application To U.S. Banking
    Departmental Working Papers, Rutgers University, Department of Economics View citations (57)
    Also in Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (2000) View citations (57)
    Working Papers, Federal Reserve Bank of Philadelphia (1997) View citations (25)
    Working Papers, Federal Reserve Bank of Philadelphia (2000) View citations (52)
    See also Journal Article Recovering Risky Technologies Using the Almost Ideal Demand System: An Application to U.S. Banking, Journal of Financial Services Research, Springer (2000) View citations (52) (2000)

1999

25. Measuring the efficiency of capital allocation in commercial banking
    Proceedings, Federal Reserve Bank of Chicago View citations (1)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1998) View citations (9)

1998

26. Measuring efficiency when market prices are subject to adverse selection
    Working Papers, Federal Reserve Bank of Philadelphia View citations (3)
27. The Dollars and Sense of Bank Consolidation
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania View citations (7)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1998) View citations (4)
    See also Journal Article The dollars and sense of bank consolidation, Journal of Banking & Finance, Elsevier (1999) View citations (159) (1999)

1997

28. Bank Capitalization and Cost: Evidence of Scale Economies in Risk Management and Signaling
    Departmental Working Papers, Rutgers University, Department of Economics View citations (7)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1997) View citations (1)
    See also Journal Article Bank Capitalization And Cost: Evidence Of Scale Economies In Risk Management And Signaling, The Review of Economics and Statistics, MIT Press (1998) View citations (249) (1998)
29. Bank Managers' Objectives
    Departmental Working Papers, Rutgers University, Department of Economics
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1994) View citations (6)
30. Efficient Banking Under Interstate Branching
    Departmental Working Papers, Rutgers University, Department of Economics
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1996) View citations (191)
    See also Journal Article Efficient Banking under Interstate Branching, Journal of Money, Credit and Banking, Blackwell Publishing (1996) View citations (194) (1996)
31. Evidence on the objective of bank regulators
    Proceedings, Federal Reserve Bank of Chicago
32. Measuring Bank Efficiency When Managers Trade Return for Reduced Risk
    Departmental Working Papers, Rutgers University, Department of Economics View citations (18)
33. Recovering Technologies That Account for Generalized Managerial Preferences: An Application to Non-Risks-Neutral Banks
    Departmental Working Papers, Rutgers University, Department of Economics
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1995) View citations (38)
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (1995) View citations (35)

1996

34. Safety in numbers? Geographic diversification and bank insolvency risk
    Proceedings, Federal Reserve Bank of Chicago View citations (9)
    Also in Working Papers, Federal Reserve Bank of Philadelphia (1996) View citations (28)

1995

35. Recovering banking technologies when managers are not risk-neutral
    Proceedings, Federal Reserve Bank of Chicago View citations (3)

1994

36. Evidence on the objectives of bank managers
    Proceedings, Federal Reserve Bank of Chicago View citations (2)
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (9)
    Center for Financial Institutions Working Papers, Wharton School Center for Financial Institutions, University of Pennsylvania (1992)
    Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (9)

1993

37. Accounting for the demand for financial capital and risk-taking in bank cost functions
    Working Papers, Federal Reserve Bank of Philadelphia View citations (12)

1991

38. A quality and risk-adjusted cost function for banks: evidence on the \" too-big-to-fail\" doctrine
    Working Papers, Federal Reserve Bank of Philadelphia
    Also in Rodney L. White Center for Financial Research Working Papers, Wharton School Rodney L. White Center for Financial Research View citations (42)

Journal Articles

2022

1. Consumer lending efficiency: commercial banks versus a fintech lender
   Financial Innovation, 2022, 8, (1), 1-39 View citations (15)
   See also Working Paper CONSUMER LENDING EFFICIENCY:COMMERCIAL BANKS VERSUS A FINTECH LENDER, Working Papers (2019) View citations (3) (2019)
2. How bad is a bad loan? Distinguishing inherent credit risk from inefficient lending (Does the capital market price this difference?)
   Journal of Economics and Business, 2022, 120, (C) View citations (2)
   See also Working Paper How Bad Is a Bad Loan? Distinguishing Inherent Credit Risk from Inefficient Lending (Does the Capital Market Price This Difference?), Departmental Working Papers (2018) View citations (3) (2018)

2019

3. Does scale matter in community bank performance? Evidence obtained by applying several new measures of performance
   Journal of Banking & Finance, 2019, 106, (C), 471-499 View citations (12)
   See also Working Paper Does Scale Matter in Community Bank Performance? Evidence Obtained by Applying Several New Measures of Performance, Departmental Working Papers (2019) View citations (19) (2019)

2018

4. Comments on “The Evolving Complexity of Capital Regulation”
   Journal of Financial Services Research, 2018, 53, (2), 207-210

2013

5. A New Cost Efficiency Measure for Not-for-Profit Firms: Evidence of a Link Between Inefficiency and Large Endowments
   Atlantic Economic Journal, 2013, 41, (3), 279-300 View citations (1)
   See also Working Paper A NEW COST EFFICIENCY MEASURE FOR NOT-FOR-PROFIT FIRMS: EVIDENCE OF A LINK BETWEEN INEFFICIENCY AND LARGE ENDOWMENTS, Departmental Working Papers (2011) (2011)
6. Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function
   Journal of Financial Intermediation, 2013, 22, (4), 559-585 View citations (165)
   See also Working Paper Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function, Working Papers (2013) View citations (168) (2013)

2003

7. Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance
   Journal of Banking & Finance, 2003, 27, (3), 417-447 View citations (79)
   See also Working Paper Do Bankers Sacrifice Value to Build Empires? Managerial Incentives, Industry Consolidation and Financial Performance, Center for Financial Institutions Working Papers (2002) View citations (5) (2002)

2001

8. Are scale economies in banking elusive or illusive?: Evidence obtained by incorporating capital structure and risk-taking into models of bank production
   Journal of Banking & Finance, 2001, 25, (12), 2169-2208 View citations (215)
   See also Working Paper Are scale economies in banking elusive or illusive? Evidence obtained by incorporating capital structure and risk-taking into models of bank production, Working Papers (2000) View citations (7) (2000)
9. Efficient risk-taking and regulatory covenant enforcement in a deregulated banking industry
   Journal of Economics and Business, 2001, 53, (2-3), 255-282 View citations (33)
   See also Working Paper Efficient Risk-Taking and Regulatory Covenant Enforcement in a Deregulated Banking Industry, Departmental Working Papers (2000) View citations (3) (2000)

2000

10. Recovering Risky Technologies Using the Almost Ideal Demand System: An Application to U.S. Banking
    Journal of Financial Services Research, 2000, 18, (1), 5-27 View citations (52)
    See also Working Paper Recovering Risky Technologies Using The Almost Ideal Demand System: An Application To U.S. Banking, Departmental Working Papers (2000) View citations (57) (2000)

1999

11. Incorporating risk into the analysis of production
    Atlantic Economic Journal, 1999, 27, (1), 1-23 View citations (43)
12. Measuring efficiency when competitive prices aggregate differences in product quality and risk
    Research in Economics, 1999, 53, (1), 47-76 View citations (13)
13. The dollars and sense of bank consolidation
    Journal of Banking & Finance, 1999, 23, (2-4), 291-324 View citations (159)
    See also Working Paper The Dollars and Sense of Bank Consolidation, Center for Financial Institutions Working Papers (1998) View citations (7) (1998)

1998

14. Bank Capitalization And Cost: Evidence Of Scale Economies In Risk Management And Signaling
    The Review of Economics and Statistics, 1998, 80, (2), 314-325 View citations (249)
    See also Working Paper Bank Capitalization and Cost: Evidence of Scale Economies in Risk Management and Signaling, Departmental Working Papers (1997) View citations (7) (1997)

1996

15. Efficient Banking under Interstate Branching
    Journal of Money, Credit and Banking, 1996, 28, (4), 1045-71 View citations (194)
    Also in Proceedings, 1996, 1045-1075 (1996) View citations (190)
    See also Working Paper Efficient Banking Under Interstate Branching, Departmental Working Papers (1997) (1997)

1990

16. Profit-maximizing input demand under rate-of-return regulation: Pathological substitution and output effects
    Resources and Energy, 1990, 12, (1), 79-95 View citations (1)

1981

17. Giffen inputs and the theory of multiple production
    Journal of Economic Theory, 1981, 25, (2), 287-301 View citations (2)
18. Methodological Confusion in Introductory Economics
    The American Economist, 1981, 25, (2), 7-11 View citations (1)

1980

19. The Comparative Statics of the Competitive, Increasing-Cost Industry
    American Economic Review, 1980, 70, (3), 518-21 View citations (2)

Chapters

2017

1. Measuring agency costs and the value of investment opportunities of US bank holding companies with stochastic frontier estimation
   Chapter 11 in Handbook of Competition in Banking and Finance, 2017, pp 205-229
   See also Working Paper Measuring Agency Costs and the Value of Investment Opportunities of U.S. Bank Holding Companies with Stochastic Frontier Estimation, Rutgers University, Department of Economics (2016) View citations (1) (2016)

2016

2. The Future of Large, Internationally Active Banks: Does Scale Define the Winners?
   Chapter 6 in The Future of Large, Internationally Active Banks, 2016, pp 77-96
   See also Working Paper The Future of Large, Internationally Active Banks: Does Scale Define the Winners?, Rutgers University, Department of Economics (2015) (2015)

2013

3. The Elusive Scale Economies of the Largest Banks and Their Implications for Global Competitiveness
   Chapter 17 in The Role of Central Banks in Financial Stability How Has It Changed?, 2013, pp 327-345
   See also Working Paper The Elusive Scale Economies of the Largest Banks and their Implications for Global Competitiveness, Rutgers University, Department of Economics (2011) (2011)