BANKING CONCENTRATION AND FIRM GROWTH: THE ROLE OF SIZE, LOCATION AND FINANCIAL CRISIS

Sophia Dimelis (), Ioannis Giotopoulos and Helen Louri

Bulletin of Economic Research, 2019, vol. 71, issue 3, 428-438

Abstract: Using conditional quantile regressions for a panel of listed firms from euro‐area countries in the 2005–11 period, we explore the impact of banking concentration on firm growth between smaller and larger firms; core and periphery countries; in pre‐crisis and post‐crisis years. Our findings reveal that increasing banking concentration favours high‐growth larger‐sized firms located in periphery countries pre‐crisis. By contrast in post‐crisis years increasing banking concentration impacts negatively on low‐growth smaller firms irrespective of location, revealing their vulnerability.

Date: 2019
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