The Law of Proportionate Effect: The Growth of the UK Credit Union Movement at National and Regional Level

• Published in: Journal of business finance & accounting Vol. 32; no. 9-10; pp. 1827 - 1859
• Main Authors: Ward, Ann-Marie, McKillop, Donal G.
• Format: Journal Article
• Language: English
• Published: Oxford, UK; Malden, USA Blackwell Publishing Ltd/Inc 01.11.2005; Wiley Blackwell; Blackwell Publishing Ltd
• Series: Journal of Business Finance & Accounting
• Subjects: Business studies; Correlation analysis; Credit co-operatives; Credit unions; Economic models; Finance; industry growth; Industrywide conditions; Regions; Studies; the law of proportionate effect; United Kingdom; United Kingdom > UK

:  This study examines credit union size‐growth relationships within the context of Gibrat's law of proportionate effect. This relates to the hypothesis that the growth of each firm in each period is random. The analysis covers the period 1994 to 2000 and is undertaken separately for the United...