TY  - UNPD
A1  - Gropp, Reint
A1  - Noth, Felix
A1  - Schüwer, Ulrich
T1  - What drives banks' geographic expansion? the role of locally non-diversifiable risk
T2  - SAFE working paper series ; No. 246
N2  - We show that banks that are facing relatively high locally non-diversifiable risks in their home region expand more across states than banks that do not face such risks following branching deregulation in the 1990s and 2000s. These banks with high locally non-diversifiable risks also benefit relatively more from deregulation in terms of higher bank stability. Further, these banks expand more into counties where risks are relatively high and positively correlated with risks in their home region, suggesting that they do not only diversify but also build on their expertise in local risks when they expand into new regions.
T3  - SAFE working paper - 246 
KW  - banking
KW  - geographic expansion
KW  - deregulation
KW  - locally non-diversifiable risk
KW  - catastrophic risk
Y1  - 2019
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/49240
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-492407
UR  - https://ssrn.com/abstract=3347766
IS  - March 6, 2019
PB  - SAFE
CY  - Frankfurt am Main
ER  -