Jaremski, Matthew S. - National Bureau of Economic Research - 2022
panel database of South Dakota bank stockholders from 1910-1934 to study bank stockholder growth as well as its effect on … bank composition and risk. Overall, the average number of stockholders in a bank rose from 8 to 21 over the period with … with a subsequent increase in a bank's proportion of loans-to-assets, but no direct effect on bank closure outside of this …