traditional partnership replaced by public companies. The organizational change has increased the competition for managerial … talent, which may have weakened the commitment between investors and managers. We show how increased competition and the …

We show that stricter bank liquidity standards can trigger unintended credit booms when there is heterogeneity in …

It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios … findings. Using data on national banks from the 1920s and 1930s, we show that branch banking increases competition and forces … strengthening the branch banks themselves. Our empirical results suggest that the effects that branching had on competition were …

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 …

process of interstate bank deregulation that lowered barriers to competition across U.S. states over the 1980s and 1990s with … facing each individual bank. We find that regulatory-induced competition reduced liquidity creation. Consistent with some …Does an intensification of competition among banks increase or decrease liquidity creation? By integrating the dynamic …

competition reduces bank opacity, enhancing the ability of markets and regulators to monitor banks …Did regulatory reforms that lowered barriers to competition among U.S. banks increase or decrease the quality of … information that banks disclose to the public and regulators? We find that an intensification of competition reduced abnormal …

averse banks. The effects of changes in bank net worth and bank's risk perceptions are also analyzed. In deep recessions …

Although policymakers often discuss tradeoffs between bank competition and stability, past research provides differing … competition materially boosts bank risk. With respect to the mechanisms, we find that competition reduces bank profits, charter … theoretical perspectives and empirical results on the impact of competition on risk. In this paper, we employ a new approach for …

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, non-banks change their credit policy when faced with more competition and expand …