Widely publicized reports of fresh MBAs receiving multiple job offers with six-figure annual salaries leave a long-lasting general impression about the high quality of selected business schools. Business Week reports on a regular basis ranking of MBA programs based on qualitative ("subjective")...

In modeling series with leading or lagging indicators, it is desirable to begin comparing models in terms of time distance. This paper formalizes the concept of time distance in terms of various metrics, and investigates the behaviors of these metrics. It is shown that under some circumstances,...

Regulatory change not seen since the Great Depression swept the U.S. banking industry beginning in the early 1980s, culminating with the Interstate Banking and Branching Efficiency Act of 1994. As a result, significant consolidations occurred in the banking industry. This paper reviews the...

This paper considers the aggregate performance of the banking industry, applying a modified and extended Bennet (1920) dynamic decomposition of bank return on equity as an illustration. The aggregate performance of any industry depends on the underlying microeconomic dynamics within that...

The aggregate performance of the banking industry depends on the underlying micro-level dynamics within that industry - adjustments within banks, reallocations between banks, entries of new banks, and exits of existing banks. This paper develops a generalized Bennet (1920) dynamic decomposition...