US Credit Unions: Survival, Consolidation and Growth

John Goddard; Donal McKillop; John O.S.  Wilson

doi:10.1111/ecin.12032

US Credit Unions: Survival, Consolidation and Growth

John Goddard, Donal McKillop, John O.S. Wilson

Research output: Contribution to journal › Article › peer-review

14 Citations (Scopus)

Abstract

This study uses hazard function estimations and time-series and cross-sectional growth regressions to examine the impact of exit through merger and acquisition (M&A) or failure, and internally-generated growth, on the firm-size distribution within the US credit union sector. Consolidation through M&A was the principal cause of a reduction in the number of credit unions, but impact on concentration was small. Divergence between the average internally-generated growth of smaller and larger credit unions was the principal driver of the rise in concentration.

Original language	English
Pages (from-to)	304-319
Number of pages	16
Journal	Economic Inquiry
Volume	52
Issue number	1
Early online date	05 Jul 2013
DOIs	https://doi.org/10.1111/ecin.12032
Publication status	Published - 2014

Keywords

credit unions

Access to Document

10.1111/ecin.12032

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Donal McKillop
- Dg.McKillop@qub.ac.uk
Person: Academic

Cite this

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