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 | |
| Publication status | Published - 2014 |
Keywords
- credit unions
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Cite this
Goddard, J., McKillop, D., & Wilson, J. O. S. (2014). US Credit Unions: Survival, Consolidation and Growth. Economic Inquiry, 52(1), 304-319. https://doi.org/10.1111/ecin.12032