The Valuation Effects of Geographic Diversification: Evidence from U.S. Banks
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This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank deregulation, we find that exogenous increases in
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美国国家经济研究局创建时间：
2011-12-01
