to the way way investment is financed. The conclusion is that the rise of district banking localism cannot be taken for …

The banking industry is consolidating at an accelerating pace, yet no conclusive results have emerged on the benefits …

to the way investment is financed. Theoretically, it is assumed that district-banking localism is embedded in the … lending, greater concentration of market shares and the cooperative legal form. Counteracting forces (e.g. excessive risk … district-banking localism from arising. The empirical analysis crosses an Istat dataset on local labour systems and industrial …

. In the long run efficiency gains dominate over the market power effect, leading to more favorable prices for consumers. …

an unprecedented wave of consolidation. A growing body of empirical literature has attempted to measure the efficiency … mergers yield economies of scope or gains in managerial efficiency. …

borrowers. By exploiting a dataset in which we observe a measure of a borrower�s default risk that the lenders observe only … and individual default risk: after a merger, risky borrowers experience an increase in the interest rate, while non …