Faculty Profiles

DeYoung, Robert (Bob)

Capitol Federal Professor in Financial Markets and Institutions


226-H Summerfield Hall
University of Kansas, School of Business
1300 Sunnyside Avenue
Lawrence, KS 66045-7585

P: (785) 864-1806
rdeyoung@ku.edu

Education PhD University of Wisconsin-Madison B.A. Rutgers University-Camden
Academic Areas Finance
Interests Research Interests: Commercial bank performance and regulation Personal Interests: Baseball, horseback riding, literature, music, and Man’s Best Friend
Current Activities In addition to his teaching and research duties at KU, Bob is a visiting scholar at the Federal Reserve Bank of Kansas City, a research program coordinator at the FDIC’s Center for Financial Research, and co-editor of the Journal of Financial Services Research. Bob’s research focuses on the evolution of domestic and international financial markets and the performance of the firms that operate in those markets, and his writings on these issues have appeared in numerous academic, industry, and regulatory publications. Prior to joining KU, Bob was an associate director of research at the FDIC (2005-2007); an economic advisor at the Federal Reserve Bank of Chicago (1998-2005); an adjunct member of the Finance Department at DePaul University (2000-2003); a senior financial economist at the Office of the Comptroller of the Currency (1992-1998); and a Joyce Foundation Teaching Fellow at Beloit College (1988-1992).
Selected Publications DeYoung, Robert, 2008. Banking in the United States, In Allen N. Berger, Philip Molyneux, and John O. Wilson (eds.), Oxford Handbook of Banking Oxford University Press. Forthcoming. DeYoung, Robert, Douglas Evanoff, and Philip Molyneux (eds.), 2008. Special issue on: Mergers and Acquisitions of Financial Institutions.” Journal of Financial Services Research. Forthcoming. DeYoung, Robert, 2007. Corporate governance at community banks: one size does not fit all. In Benton Gup (ed.), Corporate Governance in Banking: An International Perspective, Westport, CT: Quorom Books. Forthcoming. DeYoung, Robert, 2007. Safety, soundness, and the evolution of the U.S. banking industry. In Arnoud Boot and Anjan Thakor (eds.), Corporate Finance: Financial Intermediation and Banking, Amsterdam: North Holland. Forthcoming. DeYoung, Robert, Dennis Glennon and Peter Nigro, 2007. Borrower-lender distance, credit scoring, and loan performance: evidence from informationally opaque small business borrowers. Journal of Financial Intermediation. Forthcoming. DeYoung, Robert, Scott Frame, Dennis Glennon, Daniel McMillen, and Peter Nigro, 2007. Commercial lending distance and historically underserved markets. Journal of Economics and Business. Forthcoming. DeYoung, Robert, and Gayle DeLong, 2007. Learning by observing: information spillovers in the execution and valuation of commercial bank M&As. Journal of Finance 62, No. 1, p. 181-217. DeYoung, Robert, 2007. Safety, soundness, and the evolution of the U.S. banking industry. Federal Reserve Bank of Atlanta, Quarterly Review 92, No. 2, p. 41-66. DeYoung, Robert, 2007. The limits of information technology: how much will the banking industry change?, In Technology-driven Efficiencies in Financial Markets. Bank of Finland, p. 35-46. DeYoung, Robert, William W. Lang and Daniel L. Nolle, 2007. How the Internet affects output and performance at community banks. Journal of Banking and Finance 31, p. 1033-1060. Berger, Allen N., and Robert DeYoung, 2006. Technological progress and the geographic expansion of commercial banks. Journal of Money, Credit, and Banking 38, No. 6, p. 1483-1513. DeYoung, Robert, and Ron Phillips, 2006. U.S. payday loans: a novel form of credit but at what price? The Banker (China), November, p. 116-117. DeYoung, Robert, and Gayle DeLong, 2005. The value added from observing bank mergers. In Frank Milne and Edwin H. Neave (eds.), Current Directions in Financial Regulation. Kingston, Ontario: John Deutsch Society, p. 247-262. DeYoung, Robert, 2005. The performance of Internet-based business models: evidence from the banking industry. Journal of Business 78, No. 3, p. 893-947. Berger, Allen, Claudia Buch, Gayle DeLong, and Robert DeYoung, 2004. The comparative advantages of nations at exporting financial institutions management via M&As. Journal of International Money and Finance 23, No. 3, p. 333-366. DeYoung, Robert, 2004. Community banks at their best. 2004 Annual Report of the Federal Reserve Bank of Chicago, p. 9-17. DeYoung, Robert, and Tara Rice, 2004. How do banks make money? a variety of business strategies. Federal Reserve Bank of Chicago. Economic Perspectives 28, No. 4, p. 52-67. DeYoung, Robert, and Tara Rice, 2004. How do banks make money? the fallacies of fee income. Federal Reserve Bank of Chicago. Economic Perspectives 28, No. 4, p. 34-51. DeYoung, Robert, and Tara Rice, 2004. Noninterest income and financial performance at U.S. commercial banks. Financial Review 39, No. 1, p. 101-127. DeYoung, Robert, and Thomas Klier, 2004. City with big shoulders but no nationwide banking headquarters. American Banker, May 13, p. 18. DeYoung, Robert, Thomas Klier, and Daniel P. McMillen, 2004. The changing geography of the U.S. banking industry. The Industrial Geographer 2, No. 1, p. 29-48. DeYoung, Robert, William C. Hunter, and Gregory F. Udell (eds.), 2004. “Whither the Community Bank?” Special issue of the Journal of Financial Services Research 25, Nos. 2-3. DeYoung, Robert, William C. Hunter, and Gregory F. Udell, 2004. The past, present, and probable future for community banks. Journal of Financial Services Research 25, Nos. 2-3. p. 85-133. DeYoung, Robert, 2003. De novo bank exit. Journal of Money, Credit, and Banking 35, p. 711-728. DeYoung, Robert, 2003. The failure of new entrants in commercial banking markets: a split-population duration analysis. Review of Financial Economics 12, p. 7-33. DeYoung, Robert, and William C. Hunter, 2003. Deregulation, the Internet, and the competitive viability of large banks and community banks. In Benton Gup (ed.), The Future of Banking. Westport, CT: Quorom Books, p. 173-202. DeYoung, Robert, 2002. New banking ventures: entrepreneurs lending to other entrepreneurs. Journal of Entrepreneurial Finance and Business Ventures 7, p. 71-86. DeYoung, Robert, and Denise Duffy, 2002. The challenges facing community banks: in their own words. Federal Reserve Bank of Chicago. Economic Perspectives 26, No. 4, p. 2-17. Berger, Allen N., Robert DeYoung, and Gregory F. Udell, 2001. Efficiency barriers to the consolidation of the European financial services industry. European Financial Management 7, p. 117-130. Berger, Allen N., and Robert DeYoung, 2001. The effects of geographic expansion on bank efficiency. Journal of Financial Services Research 19, p. 163-184. DeYoung, Robert, and Karin P. Roland, 2001. Product mix and earnings volatility at commercial banks: evidence from a degree of leverage model. Journal of Financial Intermediation 10, p. 54-84. DeYoung, Robert, 2001. Internet-only banking is down but shouldn’t be counted out. American Banker, April 12, p. 18. DeYoung, Robert, 2001. The financial performance of pure play Internet banks. Federal Reserve Bank of Chicago. Economic Perspectives 25, No. 1, p. 60-75. DeYoung, Robert, and Karin P. Roland, 2001. A risk-return framework for multiple-product industries. Published in Emmanuel Acar (ed.), Value Added: Risk or Return? London: Financial Times/Prentice Hall, p. 193-198. DeYoung, Robert, Joseph P. Hughes, and Choon-Geol Moon, 2001. Regulatory distress costs and risk-taking at U.S. commercial banks. Journal of Economics and Business 53, p. 255-282. DeYoung, Robert, Kenneth Spong, and Richard J. Sullivan, 2001. Who’s minding the store? motivating and monitoring hired managers at small closely held commercial banks. Journal of Banking and Finance 25, p. 1209-1244. DeYoung, Robert, Mark J. Flannery, William W. Lang, and Sorin Sorescu, 2001. The information content of bank exam ratings and subordinated debt prices. Journal of Money, Credit, and Banking 33, p. 900-925. Berger, Allen N., Robert DeYoung, Hesna Genay, and Gregory F. Udell, 2000. The globalization of financial institutions: evidence from cross-border banking performance. Published in Robert Litan and Anthony Santomero (eds.), Brookings-Wharton Papers on Financial Services 3, p. 23-125. DeYoung, Robert, 2000. Comment on, Regulating banks in a cross-border financial world. Published in George Kaufman (ed.), Research in Financial Services 12, p. 163-173. DeYoung, Robert, 1999. Birth, growth, and life or death of newly chartered banks. Federal Reserve Bank of Chicago. Economic Perspectives 23, No. 3, p. 18-35. DeYoung, Robert, Lawrence G. Golberg, and Lawrence J. White, 1999. Youth, adolescence, and maturity of banks: credit availability to small business in an era of banking consolidation. Journal of Banking and Finance 23, p. 463-492. DeYoung, Robert, and Iftekhar Hasan, 1998. The performance of de novo commercial banks: a profit efficiency approach. Journal of Banking and Finance 22, p. 565-587. DeYoung, Robert, 1998. Comment on, Goldberg and White: de novo banks and lending to small business. Journal of Banking and Finance 22, p. 868-872. DeYoung, Robert, 1998. Editor, special issue on “The Efficiency of Financial Institutions: How Does Regulation Matter?” Journal of Economics and Business 50, p. 79-234. DeYoung, Robert, 1998. X-inefficiency and management quality in commercial banks. Journal of Financial Services Research 13, p. 5-22. DeYoung, Robert, Iftekhar Hasan, and Bruce Kirchhoff, 1998. The impact of out-of-state entry on the efficiency of local banks. Journal of Economics and Business 50, p. 191-204. Berger, Allen N., and Robert DeYoung, 1997. Problem loans and cost efficiency in commercial banks. Journal of Banking and Finance 21, p. 849.870. DeYoung, Robert, 1997. A diagnostic test for the distribution-free efficiency estimator: an example using U.S. commercial bank data. European Journal of Operational Research 98, p. 243-249. DeYoung, Robert, 1997. Bank mergers, X-efficiency, and the market for corporate control. Managerial Finance 23, p. 32-47. DeYoung, Robert, 1997. Comment on, Operational efficiency in banking: an international perspective. Journal of Banking and Finance 21, p. 1325-1329. DeYoung, Robert, 1997. Measuring bank cost efficiency: don’t count on accounting ratios. Financial Practice and Education 7, p. 20-31. DeYoung, Robert, and Daniel E. Nolle, 1996. Foreign-owned banks in the US: buying market share or earning it? Journal of Money, Credit, and Banking 28, p. 622-636. DeYoung, Robert, 1996. Comment on, Scale economies, cost efficiencies, and technological change in Federal Reserve payments processing. Journal of Money, Credit, and Banking 28, p. 1040-1044. Previously on the web site Double check that these were included in the work done above. “Borrower-Lender Distance, Credit Scoring, and Loan Performance: Evidence from Informationally Opaque Small Business Borrowers,” Journal of Financial Intermediation, forthcoming (with Dennis Glennon and Peter Nigro). “Safety, Soundness, and the Evolution of the U.S. Banking Industry.” Federal Reserve Bank of Atlanta, Quarterly Review, First Quarter, 2007: 41-66. “How the Internet Affects Output and Performance at Community Banks,” Journal of Banking and Finance, forthcoming in 2007 (with William W. Lang and Daniel L. Nolle). “Learning by Observing: Information Spillovers in the Execution and Valuation of Commercial Bank M&As,” Journal of Finance 62(1): 181-217, 2007 (with Gayle DeLong). “Technological Progress and the Geographic Expansion of Commercial Banks,” Journal of Money, Credit, and Banking38(6): 1483-1513, 2006 (with Allen N. Berger). “The Performance of Internet-based Business Models: Evidence from the Banking Industry,” Journal of Business 78(3): 893-947, 2005. “How do Banks Make Money? The Fallacies of Fee Income” Federal Reserve Bank of Chicago, Economic Perspectives, volume 28, Issue 4, pp. 34-51, Fourth Quarter 2004 (with Tara Rice). “How do Banks Make Money? A Variety of Business Strategies” Federal Reserve Bank of Chicago, Economic Perspectives, volume 28, Issue 4, pp. 52-67, Fourth Quarter 2004 (with Tara Rice). “Community Banks at Their Best,” Federal Reserve Bank of Chicago, 2004 Annual Report, 2004, pp. 9-17. “Why Bank One left Chicago: One piece in a bigger puzzle,” Federal Reserve Bank of Chicago, Chicago Fed Letter, number 201, April 2004 (with Thomas Klier). “The Comparative Advantages of Nations at Exporting Financial Institutions Management via M&As,” Journal of International Money and Finance 23(3): 333-366, 2004 (with Allen N. Berger, Claudia Buch, and Gayle DeLong). “The Past, Present, and Probable Future for Community Banks,” Journal of Financial Services Research 25(2/3): 85-133, 2004 (with William C. Hunter and Gregory F. Udell). “Noninterest Income and Financial Performance at U.S. Commercial Banks,” Financial Review 39(1):101-127, 2004 (with Tara Rice). “De Novo Bank Exit,” Journal of Money, Credit, and Banking 35: 711-728, October 2003. “The Failure of New Entrants in Commercial Banking Markets: A Split-Population Duration Analysis,” Review of Financial Economics 12: 7-33, 2003. “The Challenges Facing Community Banks: In Their Own Words,” Federal Reserve Bank of Chicago, Economic Perspectives, volume 26, Issue 4, pp. 2-17, Forth Quarter 2002 (with Denise Duffy). “The Information Content of Bank Exam Ratings and Subordinated Debt Prices,” Journal of Money, Credit, and Banking 33: 900-925, November 2001 (with Mark J. Flannery, William W. Lang, and Sorin Sorescu). “Who's Minding the Store? Motivating and Monitoring Hired Managers at Small Closely Held Commercial Banks,” Journal of Banking and Finance 25: 1209-1244, July 2001 (with Kenneth Spong and Richard J. Sullivan). “Internet-Only Banking Is Down But Shouldn’t Be Counted Out,” op-ed piece, American Banker, page 18, April 12, 2001. “The Financial Performance of Pure Play Internet Banks,” Federal Reserve Bank of Chicago, Economic Perspectives, volume 25, Issue 1, pp. 60-75, First Quarter 2001. “Product Mix and Earnings Volatility at Commercial Banks: Evidence from a Degree of Leverage Model,” Journal of Financial Intermediation 10: 54-84, January 2001 (with Karin P. Roland). “The Globalization of Financial Institutions: Evidence from Cross-Border Banking Performance,” Brookings-Wharton Papers on Financial Services, vol. 3, pp. 23-125, Robert Litan and Anthony Santomero, eds., 2000 (with Allen N. Berger, Hesna Genay, and Gregory F. Udell). “Birth, Growth, and Life or Death of Newly Chartered Banks,” Federal Reserve Bank of Chicago, Economic Perspectives, volume 23, Issue 3, pp. 18-35, Third Quarter 1999. “Youth, Adolescence, and Maturity of Banks: Credit Availability to Small Business in an Era of Banking Consolidation,”Journal of Banking and Finance 23: 463-492, March 1999 (with Lawrence G. Goldberg and Lawrence J. White). “The Performance of De Novo Commercial Banks: A Profit Efficiency Approach,” Journal of Banking and Finance 22: 565-587, May 1998 (with Iftekhar Hasan). “The Impact of Out-of-State Entry on the Efficiency of Local Banks,” Journal of Economics and Business 50: 191-204, March/April 1998 (with Iftekhar Hasan and Bruce Kirchhoff). “X-Inefficiency and Management Quality in Commercial Banks,” Journal of Financial Services Research 13: 5-22, February 1998. “Problem Loans and Cost Efficiency in Commercial Banks,” Journal of Banking and Finance 21: 849-870, June 1997 (with Allen N. Berger). “Measuring Bank Cost Efficiency: Don't Count on Accounting Ratios,” Financial Practice and Education 7: 20-31, Spring/Summer 1997. “A Diagnostic Test for the Distribution-Free Efficiency Estimator: An Example Using U.S. Commercial Bank Data,” European Journal of Operational Research 98: 243-249, April 1997. Foreign-Owned Banks in the U.S.: Buying Market Share or Earning It?” Journal of Money, Credit, and Banking 28: 622-636, November 1996 (with Daniel E. Nolle). “Do Regulators Read the Literature? Bank Merger Regulation, 1963-1990,” Southern Economic Journal 61: 69-84, July 1994. “Market Experiments: The Laboratory vs. The Classroom,” Journal of Economic Education 4: 335-351, Fall 1993. “The Efficiencies Defense and Commercial Bank Merger Regulation,” Review of Industrial Organization 6(3): 269-282, 1991.