This study examines the firm size distribution of US financial institutions. 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...

We test for departures from normal and independent and identically distributed (NIID) log returns, when log returns under the alternative hypothesis are self-affine and either long-range dependent, or drawn randomly from an L-stable distribution with infinite higher-order moments. The finite...

We test for departures from normal and independent and identically distributed (NIID) log returns, for log returns under the alternative hypothesis that are self-affine and either long-range dependent, or drawn randomly from an L-stable distribution with infinite higher-order moments. The finite...