Technological progress and the geographic expansion of the banking industry

Allen N. Berger () and Robert DeYoung

No WP-02-07, Working Paper Series from Federal Reserve Bank of Chicago

Abstract: We test some predictions about the effects of technological progress on geographic expansion using data on banks in U.S. multibank holding companies over 1985-1998. Specifically, we test whether over time (a) parental control over affiliate banks has increased, and (b) the agency costs associated with distance from the parent have decreased. The data suggest that banking organizations exercise significant control over affiliates that has been increasing over time, and that the agency costs associated with distance have decreased somewhat over time. The findings are consistent with the hypothesis that technological progress has facilitated the geographic expansion of the banking industry

Keywords: Banks; and; banking (search for similar items in EconPapers)
Date: 2002
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Related works:
Working Paper: Technological progress and the geographic expansion of the banking industry (2002)
Journal Article: Technological Progress and the Geographic Expansion of the Banking Industry (2006)
Journal Article: Technological progress and the geographic expansion of the banking industry (2002)
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