Bank Competition and Firm Creation
AbstractThis paper investigates the empirical relationship between competition in the financial sector and the creation of firms in the non-financial sector. It presents new empirical evidence suggesting that competition in banking is more detrimental (or less favorable) to the emergence of new firms in those industrial sector where asymmetric information is more important. Such evidence is consistent with theories of banking arguing that competition maybe have a negative effect on the availability of credit to informationally opaque firms.
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Bibliographic InfoPaper provided by Wharton School Center for Financial Institutions, University of Pennsylvania in its series Center for Financial Institutions Working Papers with number 00-20.
Date of creation: Jan 2000
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