Finance as A Barrier to Entry : Bank Competition And Industry Structure in Local U. S. Markets  

Oleh:

Strahan, Philip E. ; Cetorelli, Nicola

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 61 no. 1 (Feb. 2006), page 437-462.
Topik: FINANCE; competition; community banks; economic impact; studies; hypothesis testing; market structure; many industries; commercial credit
Fulltext: p 437.pdf (203.57KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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This paper tests how competition in local U.S. banking markets affects the market structure of nonfinancial sectors. Theory offers competing hypotheses about how competition ought to influence firm entry and access to bank credit by mature firms. The empirical evidence, however, strongly supports the idea that in markets with concentrated banking, potential entrants face greater difficulty gaining access to credit than in markets in which banking is more competitive.

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