Examining the impact of income diversification on bank performance: Are foreign banks heterogeneous?

This study examines the heterogeneity of foreign banks in income diversification and performance nexus. We utilize annual bank data across 46 countries Sub-Saharan Africa over period 2011–2018 find that increased improves performance, Global Emerging perform better than regional African domestic banks. Regarding how different benefit from diversification, we more their counterparts operating region. The country outperform banks, while local region results this suggest emerging do not always exhibit similar features like observations make significant contribution to literature by providing new insight into non-homogeneity pendulum.