Bank Competition and Firm Growth in the Enlarged European Union
We examine the impact of bank competition and institutional factors on net firm entry in a sample of European manufacturing industries over the 1995-2006 period. Taking into account industry differences in the need for external finance, we find that bank competition helps firm entry. In addition, better institutions - especially legal structure and property rights - also have a positive impact, particularly through a better functioning financial system.
|Date of creation:||2009|
|Date of revision:|
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- Nicola Cetorelli & Philip E. Strahan, 2006.
"Finance as a Barrier to Entry: Bank Competition and Industry Structure in Local U.S. Markets,"
Journal of Finance,
American Finance Association, vol. 61(1), pages 437-461, 02.
- Nicola Cetorelli & Philip E. Strahan, 2004. "Finance as a barrier to entry: bank competition and industry structure in local U.S. markets," Working Paper Series WP-04-04, Federal Reserve Bank of Chicago.
- Nicola Cetorelli & Philip E. Strahan, 2004. "Finance as a Barrier to Entry: Bank Competition and Industry Structure in Local U.S. Markets," NBER Working Papers 10832, National Bureau of Economic Research, Inc.
- Guzman, Mark G., 1999.
"Bank structure, capital accumulation and growth: a simple macroeconomic model,"
9907, Federal Reserve Bank of Dallas, revised 01 Mar 2000.
- Mark G. Guzman, 2000. "Bank structure, capital accumulation and growth: a simple macroeconomic model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 16(2), pages 421-455.
- Marianne Bertrand & Antoinette Schoar & David Thesmar, 2007.
"Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985,"
Journal of Finance,
American Finance Association, vol. 62(2), pages 597-628, 04.
- David Thesmar & A. Schoar & Marianne Bertrand, 2007. "Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985," Post-Print hal-00461082, HAL.
- Bertrand, Marianne & Schoar, Antoinette S & Thesmar, David, 2004. "Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985," CEPR Discussion Papers 4488, C.E.P.R. Discussion Papers.
- Barbara Casu & Claudia Girardone, 2006. "Bank Competition, Concentration And Efficiency In The Single European Market," Manchester School, University of Manchester, vol. 74(4), pages 441-468, 07.
- J.A. Bikker & L. Spierdijk & P. Finnie, 2007. "The Impact of Market Structure, Contestability and Institutional Environment on Banking Competition," Working Papers 07-29, Utrecht School of Economics.
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