IDEAS home Printed from https://ideas.repec.org/a/taf/bushst/v43y2001i4p1-28.html
   My bibliography  Save this article

Sectoral Differences in English Bank Asset Structures and the Impact of Mergers, 1860-1913

Author

Listed:
  • Michael Collins
  • Mae Baker

Abstract

This article presents new, half-yearly time series on commercial bank asset ratios, broken down by types of commercial bank, 1860-1913. The new estimates highlight the degree of heterogeneity present in bank asset structures and they reveal differences in both trends and short-term movements in the asset ratios across different types of bank. The significance of these findings on the heterogeneity of commercial bank balance sheets derives from the fact that, over time, the London banks became more significant (and the provincial less so) as a consequence of bank mergers and sharply increased market concentration. The role of mergers in this process is examined directly in the article by comparing the balance sheet composition of a sample of both predator and prey banks around the time of merger. The findings have implications for the interpretation of the role of commercial banks in economic development in the period.

Suggested Citation

  • Michael Collins & Mae Baker, 2001. "Sectoral Differences in English Bank Asset Structures and the Impact of Mergers, 1860-1913," Business History, Taylor & Francis Journals, vol. 43(4), pages 1-28.
    • Handle: RePEc:taf:bushst:v:43:y:2001:i:4:p:1-28
    DOI: 10.1080/713999245
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/713999245
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/713999245?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Braggion, Fabio & Dwarkasing, Narly & Moore, Lyndon, 2022. "Value creating mergers: British bank consolidation, 1885–1925," Explorations in Economic History, Elsevier, vol. 83(C).
    2. Mark Billings & Simon Mollan & Philip Garnett, 2021. "Debating banking in Britain: The Colwyn committee, 1918," Business History, Taylor & Francis Journals, vol. 63(6), pages 944-965, August.
    3. Braggion, Fabio & Dwarkasing, Narly & Moore, Lyndon, 2020. "Value creating mergers – British bank consolidation, 1885-1925," CEPR Discussion Papers 14663, C.E.P.R. Discussion Papers.
    4. Jansson, Walter, 2018. "Stock markets, banks and economic growth in the UK, 1850–1913," Financial History Review, Cambridge University Press, vol. 25(3), pages 263-296, December.
    5. Acheson, Graeme G. & Turner, John D., 2008. "The death blow to unlimited liability in Victorian Britain: The City of Glasgow failure," Explorations in Economic History, Elsevier, vol. 45(3), pages 235-253, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:bushst:v:43:y:2001:i:4:p:1-28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FBSH20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.