Bank presence in firm equity: A diversification based approach

María Victoria Ruiz-Mallorquí, Inmaculada Aguiar-Díaz and Diego R. Medina-Muñoz

The Service Industries Journal, 2006, vol. 26, issue 7, 801-817

Abstract: This study analyses the possible reasons for banks deciding to invest in firm equity, based on the fundamentals of the strategic diversification literature. Those fundamentals suggest that it may be in response to the negative evolution of other aspects of banking business, namely, credit business, fixed interest business and services, as well as the bank's level of efficiency. The results confirm the hypotheses that the decision to hold equity in other firms is related to the evolution of the bank's other businesses. However, the results for savings banks differed from those for banks.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:taf:servic:v:26:y:2006:i:7:p:801-817

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DOI: 10.1080/02642060600898377

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The Service Industries Journal is currently edited by Eileen Bridges, Professor Domingo Ribeiro, Ronald Goldsmith, Barry Howcroft and Youjae Yi

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