The growth of US credit unions

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

doi:10.1016/s0378-4266(01)00203-5

Cited by 97 publications

(85 citation statements)

References 30 publications

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“…In the case of federal credit unions, the opposite takes place. Goddard et al (2002) investigate the credit unions growth in the USA, in a final sample of 7.603 cooperatives, from 1990 to 1999 and like Smith (1986), Amburgey and Dacin (1993) and Barron et al (1994) they used the total of assets as a standard for one of the measurements of size of the company. They concluded that the non-regulation of credit unions since 1970 created new opportunities of growth and of concentration in the area.…”

Section: Other Studies About Tax Incentivesmentioning

confidence: 99%

“…In the USA, research indicates that some kinds of tax-free businesses have an advantage over their taxed competitors, providing them with opportunities of wealth concentration as well as greater growth (Guthmann, 1951;Goddard et al, 2002). In the same way, Tatom (2005) studied the effects of the tax exemption of credit unions in the USA and observed that such an exemption has an effect of increasing total assets as well as the total index of shareholders' equity/assets in such institutions.…”

Section: Introductionmentioning

confidence: 99%

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Disclosure of tax incentives and the corporate liabilities in Brazilian public companies: a quantitative study

Formigoni

Segura

Mantovani

et al. 2016

IJAUDIT

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This article aims to evaluate the effect of tax incentives on the liability level of firms listed in Brazilian Stock Exchange. Obtaining the tax incentives require many investments from the company. This paper contributes with the literature to identify if the companies that disclosed their fiscal incentives have any changes in their debt, because of these investments. The final sample was 382 firms, for the years 2010-2013, and with a total of 1,528 observations. We used a regression model for the panel data in order to estimate the relation between liabilities and the fiscal incentives. The results show that encouraged firms have higher long-term debt and total debt than those who are not encouraged. In addition, the authors found a positive relationship between the assets of these companies and the tax incentive.

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Section: Other Studies About Tax Incentivesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Disclosure of tax incentives and the corporate liabilities in Brazilian public companies: a quantitative study

Formigoni

Segura

Mantovani

et al. 2016

IJAUDIT

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“…The size of the i-th bank at time step t is denoted S i (t) and corresponds to the total amount of deposit money _________________________ 1 Alhadeff and Alhadeff (1964), Rhoades and Yeats (1974), Yeats et al (1975), Tschoegl (1983, Wilson and Williams (2000), Ennis (2001), Goddard et al (2002), Goddard et al (2004), Janicki and Prescott (2006), Benito (2008).…”

Section: The Modelmentioning

confidence: 99%

Evolutionary Model of the Bank Size Distribution

Kaldasch

2014

Economics

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An evolutionary model of the bank size distribution is presented based on the exchange and creation of deposit money. In agreement with empirical results the derived size distribution is lognormal with a power law tail. The theory is based on the idea that the size distribution is the result of the competition between banks for permanent deposit money. The exchange of deposits causes a preferential growth of banks with a fitness that is determined by the competitive advantage to attract permanent deposits. While growth rate fluctuations are responsible for the lognormal part of the size distribution, treating the mean growth rate of banks as small, large banks benefit from economies of scale generating the Pareto tail. JEL G21 L11 E11

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“…Additionally, following Goddard, McKillop and Wilson (2002), Goddard, Wilson and Blandon (2002) and Giotopoulos and Fotopoulos (2010), among others, we reformulate a typical Gibrat's law type of equation in its dynamic representation. We also impose a potentially autocorrelated error term structure, additionally include (time-varying) control variables (denoted by x it with their respective parameters γ), account for individual fixed effects (captured by α i ) and for (common) time-effects (denoted by δ t ).…”

Section: Gibrat's Law: Firm Size Dynamics and Convergence Trendsmentioning

confidence: 99%

Firm growth and productivity in Belarus: New empirical evidence from the machine building industry

Cuaresma

Oberhofer

Vincelette

2014

Journal of Comparative Economics

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Using a unique dataset comprising information for (up to) 153 firms in the machine building sector in Belarus, we investigate the determinants of firm growth for an economy where state ownership of enterprises is widespread. We use panel data models based on generalizations of Gibrat's law, total factor productivity estimates and matching methods to assess the differences in firm growth between private and state-contolled firms. Our results indicate that labor hoarding and soft budget constraints play a particularly important role in explaining differences in performance between these two groups of firms.

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The growth of US credit unions

Cited by 97 publications

References 30 publications

Disclosure of tax incentives and the corporate liabilities in Brazilian public companies: a quantitative study

Disclosure of tax incentives and the corporate liabilities in Brazilian public companies: a quantitative study

Evolutionary Model of the Bank Size Distribution

Firm growth and productivity in Belarus: New empirical evidence from the machine building industry

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