Pellényi, Gábor; Borkó, Tamás - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
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 …