Berger, Allen N.; DeYoung, Robert - In: Journal of Money, Credit and Banking 38 (2006) 6, pp. 1483-1513
We test some predictions about the effects of technological progress on geographic expansion using data on banks in U.S. multibank holding companies over 1985-98. Specifically, we test whether over time (1) parental control over affiliate banks has increased and (2) the agency costs of distance...