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Registered Bank Holding Company Acquisitions: A Cross-Section Analysis

Published online by Cambridge University Press:  19 October 2009

R. Charles Moyer  and
Edward Sussna
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Extract

A considerable amount of scholarly attention has been focused on the area of banking structure. There have been a number of studies of banking costs under differing market structures, with the goal of defining an economically “optimal” banking structure. A second major body of research has been directed at identifying the impact of given market structures on performance variables. Finally, a third group of analyses has sought an explanation of the process by which a specific structural phenomenon in banking develops and matures. It is within this third broad category of banking structure research that the results reported in this paper may be classified.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 8 , Issue 4 , September 1973 , pp. 647 - 661
Copyright
Copyright © School of Business Administration, University of Washington 1973

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References

1 Reid, Samuel Richardson, Mergers, Managers and the Economy (New York: McGraw-Hill, 1968), p. 231.Google Scholar

2 See Lawrence, Robert J., The Performance of Bank Holding Companies, (Washington, D.C.: Federal Reserve Board, 1967)Google Scholar. See also Fischer, Gerald C., American Banking Structure (New York: Columbia University Press, 1968), especially, Chapter 4.Google Scholar

3 The deposit maximization hypothesis is an extension of Baumol's more general sale maximization model. See Baumol, William J., Business Behavior, Value and Growth (New York: Harcourt, Brace & World, Inc., 1967).Google Scholar

4 Lintner, J., “Effect of Corporate Taxation on Real Investment,” American Economic Review, vol. 44 (May 1954), p. 524.Google Scholar

5 See, for example, Darnell, Jerome C., “Determinants of Chain Banking,” National Banking Review, 4 (June 1967)Google Scholar. Also Lawrence, Robert J. and Lougee, Duane, “Determinants of Correspondent Banking Relationships,” Journal of Money, Credit and Banking, 2 (August 1970)CrossRefGoogle Scholar. Also Kaufman, George G., “Bank Market Structure and Performance: The Evidence from Iowa,” Southern Economic Journal (April 1966).Google Scholar

6 Darnell, “Determinants of Chain Banking,” pp. 459–468.

7 Smith, David L., “Characteristics of Merging Banks” (Washington, D.C.: Federal Reserve Board, 1969), p. 23.Google Scholar

8 Shen, T. Y., “Economics of Scale, Penrose Effect, Growth of Plants and Their Size Distribution,” Journal of Political Economy, 78 (July–August 1970), p. 709.CrossRefGoogle Scholar

9 Darnell, “Determinants of Chain Banking.”

10 Lawrence and Lougee, “Determinants of Correspondent Banking Relationships.”