Showing 1 - 10 of 51
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
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
Persistent link: https://www.econbiz.de/10013270240
Persistent link: https://www.econbiz.de/10013286534
Persistent link: https://www.econbiz.de/10013286679
Persistent link: https://www.econbiz.de/10013264740
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
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
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
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