The Size Distribution of US Banks and Credit Unions
Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid
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Yn: International Journal of the Economics of Business, Cyfrol 21, Rhif 1, 06.02.2014, t. 139-156.
Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid
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TY - JOUR
T1 - The Size Distribution of US Banks and Credit Unions
AU - Goddard, J.A.
AU - Goddard, J.
AU - Liu, H.
AU - McKillop, D.
AU - Wilson, J.O.
PY - 2014/2/6
Y1 - 2014/2/6
N2 - This study examines the firm size distribution of US banks and credit unions. A truncated lognormal distribution describes the size distribution, measured using assets data, of a large population of small, community-based commercial banks. The size distribution of a smaller but increasingly dominant cohort of large banks, which operate a high-volume low-cost retail banking model, exhibits power-law behaviour. There is a progressive increase in skewness over time, and Zipf's Law is rejected as a descriptor of the size distribution in the upper tail. By contrast, the asset size distribution of the population of credit unions conforms closely to the lognormal distribution .
AB - This study examines the firm size distribution of US banks and credit unions. A truncated lognormal distribution describes the size distribution, measured using assets data, of a large population of small, community-based commercial banks. The size distribution of a smaller but increasingly dominant cohort of large banks, which operate a high-volume low-cost retail banking model, exhibits power-law behaviour. There is a progressive increase in skewness over time, and Zipf's Law is rejected as a descriptor of the size distribution in the upper tail. By contrast, the asset size distribution of the population of credit unions conforms closely to the lognormal distribution .
U2 - 10.1080/13571516.2013.835970
DO - 10.1080/13571516.2013.835970
M3 - Article
VL - 21
SP - 139
EP - 156
JO - International Journal of the Economics of Business
JF - International Journal of the Economics of Business
SN - 1357-1516
IS - 1
ER -