Bank Competition and Firm Creation

Emilia Bonaccorsi di Patti (), Giovanni Dell and Ariccia#x2019

Center for Financial Institutions Working Papers from Wharton School Center for Financial Institutions, University of Pennsylvania

Abstract: This paper investigates the empirical relationship between competition in the financial sector and the creation of firms in the non-financial sector. It presents new empirical evidence suggesting that competition in banking is more detrimental (or less favorable) to the emergence of new firms in those industrial sector where asymmetric information is more important. Such evidence is consistent with theories of banking arguing that competition maybe have a negative effect on the availability of credit to informationally opaque firms.

Date: 2000-01
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: Bank Competition and Firm Creation (2004)
Working Paper: Bank competition and firm creation (2003)
Working Paper: Bank competition and firm creation (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:wop:pennin:00-20

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