... commercial banks operating in 14 African countries over the period 2004–2014, this paper estimates the system generalized method of moments regression to examine the impact of business cycle on banks’ regulatory capital buffers and attempts to identify the influence of bank revenue diversification, market...

... diversification across specific MENA countries during periods of high volatility. Originality/value – No previous study investigates the transmission of both the first and second moments of the return series across the MENA stock markets allowing for time-varying volatility and correlation and accounts...

... for the ten‐year period from 1972 to 1981. Of the 51 study areas, roughly half show high to moderate diversification, and none are distinguished as either highly diversified or highly specialised. Furthermore, the entropy measure is disaggregated into its between‐set and within‐set elements to express...