Bank Competition and Firm Growth in the Enlarged European Union

Gábor Pellényi and Tamás Borkó

No 5.1, Working Paper / FINESS from DIW Berlin, German Institute for Economic Research

Abstract: 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.

Keywords: market structure; banks; market entry; manufacturing; financial development (search for similar items in EconPapers)
JEL-codes: D4 G21 L11 L60 O16 (search for similar items in EconPapers)
Pages: 23 p.
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:diw:diwfin:diwfin5.1

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