Joseph P. Hughes

Rutgers, The State University of New Jersey - Department of Economics

Professor

75 Hamilton Street

New Brunswick, NJ 08901

United States

SCHOLARLY PAPERS

20

DOWNLOADS
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Top 8,242

in Total Papers Downloads

5,411

CITATIONS
Rank 4,153

SSRN RANKINGS

Top 4,153

in Total Papers Citations

129

Scholarly Papers (20)

1.

Efficiency in Banking: Theory, Practice, and Evidence

FRB of Philadelphia Working Paper No. 08-1
Number of pages: 32 Posted: 15 Feb 2008
Joseph P. Hughes and Loretta J. Mester
Rutgers, The State University of New Jersey - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 2,294 (5,617)
Citation 34

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Bank, efficiency, risk, cost, profit, agency costs, X-inefficiency

2.

Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications

Oxford Handbook of Banking, 2nd edition, 2013, Forthcoming, FRB of Philadelphia Working Paper No. 13-31
Number of pages: 36 Posted: 06 Aug 2013
Joseph P. Hughes and Loretta J. Mester
Rutgers, The State University of New Jersey - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 1,057 (19,589)
Citation 18

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Bank, Efficiency, Risk, Cost, Profit, Scale Economies, X-Inefficiency

3.

Are Scale Economies in Banking Elusive or Illusive? Evidence Obtained by Incorporating Capital Structure and Risk-Taking into Models of Bank Production

FRB of Philadelphia Working Paper No. 00-04
Number of pages: 46 Posted: 21 Aug 2000
Loretta J. Mester, Joseph P. Hughes and Choon-Geol Moon
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Rutgers, The State University of New Jersey - Department of Economics and Hanyang University
Downloads 603 (42,971)
Citation 87

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Do Bankers Sacrifice Value to Build Empires? Managerial Incentives, Industry Consolidation, and Financial Performance

FRB of Philadelphia Working Paper No. 02-2
Number of pages: 43 Posted: 20 Jun 2002
Rutgers, The State University of New Jersey - Department of Economics, Villanova University - Villanova School of Business, Promontory Financial Group, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Hanyang University
Downloads 385 (74,373)
Citation 45

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consolidation, acquisitions, managerial incentives, efficiency, agency problems, corporate control, stochastic frontier

Do Bankers Sacrifice Value to Build Empires? Managerial Incentives, Industry Consolidation, and Financial Performance

Journal of Banking and Finance, Forthcoming
Posted: 02 Sep 2002
Rutgers, The State University of New Jersey - Department of Economics, Villanova University - Villanova School of Business, Promontory Financial Group, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Hanyang University

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consolidation, acquisitions, managerial incentives, efficiency, agency problems, corporate control, stochastic frontier

Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function

Forthcoming in the Journal of Financial Intermediation       , FRB of Philadelphia Working Paper No. 13-13
Number of pages: 50 Posted: 26 Apr 2013 Last Revised: 25 Mar 2016
Joseph P. Hughes and Loretta J. Mester
Rutgers, The State University of New Jersey - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 216 (139,011)
Citation 2

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Banking, Production, Risk, Scale economies, Too big to fail

Who Said Large Banks Don't Experience Scale Economies? Evidence from a Risk-Return-Driven Cost Function

FRB of Philadelphia Working Paper No. 11-27
Number of pages: 39 Posted: 04 Aug 2011
Joseph P. Hughes and Loretta J. Mester
Rutgers, The State University of New Jersey - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 119 (232,443)
Citation 79

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banking, production, risk, scale economies, too big to fail

6.

Recovering Risky Technologies Using the Almost Ideal Demand System: An Application to U.S. Banking

FRB of Philadelphia Working Paper No. 00-05
Number of pages: 34 Posted: 21 Aug 2000
Federal Reserve Banks - Federal Reserve Bank of Cleveland, Rutgers, The State University of New Jersey - Department of Economics, Promontory Financial Group and Hanyang University
Downloads 129 (217,782)
Citation 24

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Banking, production, risk, efficiency, agency problems

7.

Estimating Managers' Utility-Maximizing Demand for Agency Goods

Number of pages: 36 Posted: 18 Sep 2004
Joseph P. Hughes and Choon-Geol Moon
Rutgers, The State University of New Jersey - Department of Economics and Hanyang University
Downloads 122 (227,180)
Citation 8

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Agency goods, efficiency, ownership structure, capital structure

8.

A Primer on Market Discipline and Governance of Financial Institutions for Those in a State of Shocked Disbelief

FRB of Philadelphia Working Paper No. 12-13
Number of pages: 47 Posted: 07 Jun 2012
Joseph P. Hughes and Loretta J. Mester
Rutgers, The State University of New Jersey - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 82 (296,685)
Citation 7

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Banking, Regulation, Market Discipline

9.

Market Discipline Working for and against Financial Stability: The Two Faces of Equity Capital in U.S. Commercial Banking

Number of pages: 38 Posted: 15 Dec 2016
Joseph P. Hughes, Loretta J. Mester and Choon-Geol Moon
Rutgers, The State University of New Jersey - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Hanyang University
Downloads 74 (315,146)

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Banking, Efficiency, Capital Structure, Charter Value

10.

Measuring Agency Costs and the Value of Investment Opportunities of U. S. Bank Holding Companies with Stochastic Frontier Estimation

Research Handbook on Competition in Banking and Finance, eds. Jacob A. Bikker and Laura Spierdijk, Edward Elgar Publishing, Forthcoming
Number of pages: 36 Posted: 30 Jun 2016
Joseph P. Hughes, Loretta J. Mester and Choon-Geol Moon
Rutgers, The State University of New Jersey - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Hanyang University
Downloads 71 (322,420)

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banking, efficiency, ownership structure, competition

Is Bigger Necessarily Better in Community Banking?

FRB of Philadelphia Working Paper No. 16-15
Number of pages: 53 Posted: 21 Jun 2016 Last Revised: 21 Feb 2019
Joseph P. Hughes, Julapa Jagtiani and Loretta J. Mester
Rutgers, The State University of New Jersey - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 49 (393,082)

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Community Banking, Scale, Financial Performance, Small Business Lending

Is Bigger Necessarily Better in Community Banking?

FRB of Cleveland Working Paper No. 16-15
Number of pages: 54 Posted: 18 Sep 2016
Joseph P. Hughes, Julapa Jagtiani and Loretta J. Mester
Rutgers, The State University of New Jersey - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 17 (551,513)

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community banking, scale, financial performance, small business lending

Does Scale Matter in Community Bank Performance? Evidence Obtained by Applying Several New Measures of Performance

FRB of Philadelphia Working Paper No. 18-11
Number of pages: 44 Posted: 15 May 2018 Last Revised: 21 Feb 2019
Rutgers, The State University of New Jersey - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Hanyang University
Downloads 34 (453,529)

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community banking, scale, financial performance, small business lending

Does Scale Matter in Community Bank Performance? Evidence Obtained by Applying Several New Measures of Performance

Number of pages: 66 Posted: 10 Mar 2018 Last Revised: 16 May 2019
Rutgers, The State University of New Jersey - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Hanyang University
Downloads 30 (473,081)

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Community Banking, Scale, Financial Performance, Small Business Lending

13.

The Future of Large, Internationally Active Banks: Does Scale Define the Winners?

Rutgers University Economics Working Paper 201524
Number of pages: 22 Posted: 27 Jun 2016
Joseph P. Hughes and Loretta J. Mester
Rutgers, The State University of New Jersey - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 59 (354,813)

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banking, efficiency, scale economies, regulation

14.

How Bad is a Bad Loan? Distinguishing Inherent Credit Risk from Inefficient Lending (Does the Capital Market Price this Difference?)

Number of pages: 47 Posted: 23 Jan 2018
Joseph P. Hughes and Choon-Geol Moon
Rutgers, The State University of New Jersey - Department of Economics and Hanyang University
Downloads 40 (418,691)
Citation 1

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commercial banking, credit risk, nonperforming loans, efficiency

15.

The Performance of Financial Institutions: Modeling, Evidence, and Some Policy Implications

Oxford Handbook of Banking, 3rd edition, Forthcoming
Number of pages: 44 Posted: 05 Oct 2018
Joseph P. Hughes and Loretta J. Mester
Rutgers, The State University of New Jersey - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 30 (461,033)

Abstract:

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Bank, Efficiency, Risk, Cost, Profit, Scale Economies, X-Inefficiency

16.

Consumer Lending Efficiency: Commercial Banks versus a Fintech Lender

FRB of Philadelphia Working Paper No. 19-22
Posted: 26 Apr 2019
Joseph P. Hughes, Julapa Jagtiani and Choon-Geol Moon
Rutgers, The State University of New Jersey - Department of Economics, Federal Reserve Banks - Federal Reserve Bank of Philadelphia and Hanyang University

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marketplace lending, P2P lending, credit risk management, lending efficiency

17.

Evidence on the Objectives of Bank Managers

94-15
Posted: 15 Jul 1998
Joseph P. Hughes and Loretta J. Mester
Rutgers, The State University of New Jersey - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland

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18.

Recovering Risky Technologies Using the Almost Ideal Demand System: An Application to U.S. Banking Mutual Funds

WFIC Working Paper No.97-47
Posted: 10 Jul 1998
Rutgers, The State University of New Jersey - Department of Economics, Promontory Financial Group, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Hanyang University

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19.

Efficient Banking Under Interstate Branching

J. OF MONEY, CREDIT, AND BANKING, Vol. 28 No. 4, November 1996
Posted: 29 Oct 1996
Rutgers, The State University of New Jersey - Department of Economics, Promontory Financial Group, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Hanyang University

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20.

Safety in Numbers? Geographic Diversification and Bank Insolvency Risk

96-14
Posted: 10 Sep 1996
Rutgers, The State University of New Jersey - Department of Economics, Promontory Financial Group, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Hanyang University

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