The Size Distribution of US Banks and Credit Unions
<italic>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</italic>.
Year of publication: |
2014
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Authors: | Goddard, John ; Liu, Hong ; Mckillop, Donal ; Wilson, John O.S. |
Published in: |
International Journal of the Economics of Business. - Taylor & Francis Journals, ISSN 1357-1516. - Vol. 21.2014, 1, p. 139-156
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Publisher: |
Taylor & Francis Journals |
Saved in:
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