Bank Portfolios and Bank Failures During the Great Depression: Chicago
研究1930-1932年芝加哥银行倒闭的原因，通过分析1927-1929年的银行组合数据，发现只有1931年倒闭的银行支持管理不善假说。
Bank failures in Chicago during 1930–1932 are examined to determine whether failures were attributable to poor management practices or to worsening economic conditions. Non-Loop state-chartered banks were divided into those which did not fail and those which failed in 1930, 1931, and 1932. Portfolio variables which contemporary writers held were indicative of poor management practices are used in a multiple discriminant analysis. Using semiannual bank call reports from December 1927 through December 1929, support was found for the poor management hypothesis only for banks destined to fail in 1931