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The Flattening Firm and Product Market Competition : The Effect of Trade Liberalization

Guadalupe, Maria - 2008

This paper establishes a causal effect of competition from trade liberalization on various characteristics of organizational design. We exploit a unique panel dataset on firm hierarchies (1986-1999) of large U.S. firms and find that increasing competition leads firms to become flatter, i.e., (i)...

Persistent link: https://www.econbiz.de/10012464156

How Offshore Financial Competition Disciplines Exit Resistence by Incentive-Conflicted Bank Regulators

Kane, Edward J. - 1999

This paper studies the impact of technological change and regulatory competition on governmental efforts to generate rents for banks in two stylized regulatory environments. In the first environment, incentive-conflicted regulators attempt to create rents by restricting the size and scope of...

Persistent link: https://www.econbiz.de/10012471631

Rise of Bank Competition : Evidence from Banking Deregulation in China

Gao, Haoyu - 2019

Using proprietary individual level loan data, this paper explores the economic consequences of the 2009 bank entry … corporate loans from entrant banks. Consequently, in deregulated cities, private firms with bank credit access increase asset … following deregulation. Deregulation also amplifies bank credit from productive private firms to inefficient SOEs due mainly to …

Persistent link: https://www.econbiz.de/10012479745

The Effects of Competition in Consumer Credit Market

Gissler, Stefan - 2019

This paper finds that banks and non-banks respond differently to increased competition in consumer credit markets. Increased competition and the greater threat of failure induces banks to specialize more in relationship business lending, and surviving banks are more profitable. However,...

Persistent link: https://www.econbiz.de/10012480128

Banking Deregulations, Financing Constraints, and Firm Entry Size

Kerr, William - 2009

We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change following the deregulations. However, among firms that survived at least four years, a greater...

Persistent link: https://www.econbiz.de/10012463150

A New Metric for Banking Integration in Europe

Gropp, Reint - 2009

taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …

Persistent link: https://www.econbiz.de/10012463912

Basel II : A Contracting Perspective

Kane, Edward J. - 2006

Financial safety nets are incomplete social contracts that assign responsibility to various economic sectors for preventing, detecting, and paying for potentially crippling losses at financial institutions. This paper uses the theories of incomplete contracts and sequential bargaining to...

Persistent link: https://www.econbiz.de/10012465955

Branch Banking, Bank Competition, and Financial Stability

Carlson, Mark - 2005

It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios … quantitatively more important than geographical diversification for bank stability in the 1920s and 1930s …

Persistent link: https://www.econbiz.de/10012467393

Bank Trading Risk and Systemic Risk

Jorion, Philippe - 2005

This paper provides an empirical analysis of the risk of trading revenues of U.S. commercial banks. We collect quarterly data on trading revenues, broken down by business line, as well as the Value at Risk-based market risk charge. The overall picture from these preliminary results is that there...

Persistent link: https://www.econbiz.de/10012467650

Bank Mergers and Crime : The Real and Social Effects of Credit Market Competition

Garmaise, Mark J. - 2004

more bank mergers are subjected to higher interest rates, diminished local construction, lower prices, an influx of poorer … findings using state branching deregulation to instrument for bank competition …

Persistent link: https://www.econbiz.de/10012467681