Jeon, Yongil; Miller, Stephen M. - Department of Economics, University of Connecticut - 2002
tests imply that bank concentration leads bank profitability. Our finding suggests that bank regulators need to monitor the … banking industry. This paper considers the correlation, if any, between banking concentration on a state-by-state basis and … average bank profitability within a state, finding strong support for a positive correlation. Moreover, temporal causality …