Goddard, John
[Verfasser:in]
;
Liu, Hong
[Sonstige Person, Familie und Körperschaft];
McKillop, Donal G.
[Sonstige Person, Familie und Körperschaft];
Wilson, John O. S.
[Sonstige Person, Familie und Körperschaft]
On the Size Distribution of Financial Institutions
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 14, 2012 erstellt
Beschreibung:
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 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