Banking Market Structure, Financial Dependence And Growth : International Evidence From Industry Data  

Oleh:

Cetorelli, Nicola ; Gambera, Michele

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 56 no. 2 (2001), page 617-648.
Topik: EVIDENCE; banking industry; studies; statistical analysis; models; many coutnries; market shares
Fulltext: p 617.pdf (157.2KB)

Ketersediaan

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

Lihat Detail Induk

Isi artikel

This paper explores the empirical relevance of banking market structure on growth. There is substantial evidence of a positive relationship between the level of development of the banking sector of an economy and its long-run output growth. Little is known, however, about the role played by the market structure of the banking sector on the dynamics of capital accumulation. This paper provides evidence that bank concentration promotes the growth of those industrial sectors that are more in need of external finance by facilitating credit access to younger firms. However, evidence is also found of a general depressing effect on growth associated with a concentrated banking industry, which impacts all sectors and all firms indiscriminately.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali