components of the state-level dynamic decomposition, controlling for competition and the state of the economy within each state …This paper considers the aggregate performance of the banking industry, applying a modified and extended dynamic … decomposition of bank return on equity. The aggregate performance of any industry depends on the underlying microeconomic dynamics …

extend those analyses to derive an ideal dynamic decomposition that includes their dynamic decomposition as one component. We … activity affects the components of the state-level dynamic decomposition, controlling for competition and the state of the …This paper considers the aggregate performance of the banking industry, applying a modified and extended dynamic …