Goodard, J., Liu, H., McKillop, D. and Wilson, J.O.S. (2014) The size distribution of US banks and credit unions. International Journal of the Economics of Business, 21(1), (doi: 10.1080/13571516.2013.835970)
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Abstract
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.
Item Type: | Articles |
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Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Liu, Professor Frank |
Authors: | Goodard, J., Liu, H., McKillop, D., and Wilson, J.O.S. |
College/School: | College of Social Sciences > Adam Smith Business School > Accounting and Finance |
Journal Name: | International Journal of the Economics of Business |
ISSN: | 1357-1516 |
ISSN (Online): | 1466-1829 |
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