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 …

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 …

For over a century, economists and policy makers have debated the relative merits of bank-based versus market …-based financial systems. Recent research, however, argues that classifying countries as bank-based or market is not a very fruitful … robustly linked with economic growth, there is no support for either the bank-based or market-based view …

that has survived the worst of the economic and political crises of the last decades is highly profitable. Bank … potentially boost competition, financial innovation, and access to finance with positive effects on growth and poverty reduction …

1930s to assess the effects of the expansion of large-scale, branch-banking networks on competition and the stability of … banking systems. Using a new database of individual bank balance sheets, income statements, and branch establishment, we … examine the characteristics that made a bank a more likely target of a takeover by a large branching network, how incumbent …

voters who are aligned with pro-FTA political candidates. We find that import competition plays a role in explaining votes …